Archive for the ‘GLD’ Category
Another Bailout Bill Another Selloff
Tuesday, February 10, 2009 16:18 2 CommentsThe $838 billion bailout out bill dujour won approval in the Senate by a vote of 61-37. The market reacted in the same way as the passage of previous bailout bills – It sold off.
Why does this happen? The media is mostly to blame. They are constantly peddling false optimism while setting their viewers sites [...]
Forecast 2009: There Will Be Blood
Tuesday, February 3, 2009 21:00 42 Comments2009 will be a year of complete destruction for the US economy. 5 Million will lose their jobs. The Dow Jones Industrial average will break below 6,000. Municipalities will fail. Insurers will fail. The unemployed and foreclosed American population will take to the streets and begin rioting. The Greatest Depression is upon us.
Sound far fetched? [...]
$7.7 Trillion and Counting
Monday, November 24, 2008 19:26 No CommentsThe U.S. government is ready to provide $7.7 trillion of American taxpayer money after guaranteeing $306 billion of Citigroup Inc. debt yesterday. These pledges amount to HALF OF US GDP and almost four times the amount the Government receives in tax revenue per year.
The US dollar sold off on the news as gold spiked [...]
