Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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The 4 week bill is announced at $30 billion, which is $5 billion less than forecast. On the week bill auction sizes total $13 billion below forecast, reflecting the strength of tax collections. CUSIP: 912795Z38Term and Type: 4-Week BillOffering Amount: $30,000,000,000Auction Date: 01/24/2012Issue Date: 01/26/2012Maturity Date: 02/23/2012PDF version of the announcementXML version of the...
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January 9, 2012
Investors Pay to Lend to Germany, Want More From France
By REUTERS
BERLIN (Reuters) - Investors paid to lend Germany a combined 3.9 billion euros (3.2 billion pounds) for six months on Monday, accepting a loss in a renewed flight to ...
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In Wisconsin, $260,000 buys you a plot of land featuring a barn that has been converted into a three-story home and another barn that could serve as a garage.
But in New York and Boston, that same price point buys a one-bedroom condo.
What might ...
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Bill Gross's PIMCO Total Return Fund, the world's largest bond fund, keeps shrinking as investors look to put their money with some of his competitors.
PIMCO did not immediately return calls or emails seeking comment.
Gee, what a surprise.
http:...
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"We certainly don't want to lead anyone to believe we don't know what happened. We do know, and we see where all the transactions went," she said.
In an interview, Sommers told Reuters that just because money was transferred out of a customer account ...
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We look at two current contrasting cases of monetization of gold -- one is honest and promotes monetary soundness and stability, the other is dishonest and promotes further financial and monetary crisis. Can you guess which form is being executed by the lay public, vs. the monetary authorities and big banks?
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Jon Corzine’s testimony could have been sung as a Christmas Carol: (Sung to “God rest ye merry gentlemen”) I guess you clever gentlemen Are wondering what I’ll say. Will I cite the 5th amendment Or did I come to play? Well I will tell you everything On this December day. You see, I don’t...
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CUSIP: 9127952Y6Term and Type: 4-Week BillOffering Amount: $35,000,000,000Auction Date: 12/13/2011Issue Date: 12/15/2011Maturity Date: 01/12/2012PDF version of the announcementXML version of the announcement
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There is no reason for the media to be blaming “millionaires” for wealth inequality. Yes, they too have benefited from the lowest tax rates in history for those on top. However, there is a huge conceptual difference between the millionaires (or even billionaires) and the trillionaires.
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Globe link
Excerpts:
WASHINGTON — Campaign contributions to Senator Scott Brown from the financial industry spiked sharply during a critical three-week period last summer as the fate of the Wall Street regulatory overhaul hung in the balance.....
...
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As if life wasn't already tense enough for Americans who can't pay their debts, collection agencies are now taking advantage of archaic state laws to have some debtors arrested and sent to jail.
More than one-third of US states allow debtors to be ...
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On of my favorites is:
"Lifetime cost to avoid changing your oil by abandoning your car and buying a new one whenever you hit 5000 miles: $3,270,000."
Then there is the most expensive thing by weight in the world @ $50B/lb.: the Swedish 3 skilling ye...
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Yesterday we mentioned the latest rumor in Europe, that the ECB would lend money to the IMF, which would in turn lend money to beleaguered governments. It seems Rube Goldberg-ish to us, but it's possible that this circuitous plan is more palatable tha...
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If you have read The Wall Street Examiner you have read Lee Adler comparing the trading pattern we are under to 1973: where seasonal “go to” trades lost money; where the Santa Rally was cancelled after the October rally fooled everyone. Tweet
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Sovereign debt is thought to be safe because, as we all know, nations always pay their debts. While individual nations go bankrupt from time to time, we maintain our faith in sovereign debt because the majority of nations don’t. But what happens if several nations go bankrupt in a very short span of...
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Italian bonds on ECB life support
By Aaron Smith November 10, 2011: 2:07 PM ET
Yields on Italian bonds remain perilously close to the 7% mark despite some ECB buying and decent aution results.
NEW YORK (CNNMoney) -- Italian borrowing costs remained s...
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Paul Volcker says Volcker rule too complicated
SINGAPORE | Wed Nov 9, 2011 7:52am EST
(Reuters) - The Volcker rule is too long and complicated and financial lobbyists are to blame, said the man who gave his name to the new regulation on bank trading....
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Financial-literacy programs are getting popular again. Warning: They don’t work. Maybe for 7% of us. But for the rest of Americans, they are a big waste of your time, and your money. ...
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Housing data over the past month has weakened. Part of that is normal seasonality, but the drop in contracts on existing homes in September was the worst in percentage terms since the housing collapse began. Although I believe that the supply problem is overblown, the last thing the market needs is further weakening in...
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Older Americans are 47 times richer than young
NEW YORK (CNNMoney) -- One of the most basic tenets of the American Dream is being called into question by recent economic data. Can each new generation do better than the one before it?
So far, t...
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Gold, Orange Juice, and ‘Tang’
Just as savvy beverage-drinkers will inevitably shun excessively diluted Tang, eventually our deluded masses will figure out the bankers' paper scam -- and react accordingly. There is a very precise name for this economic phenomenon: hyperinflation, where paper fiat currencies go to zero.
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