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Wednesday, February 22, 2012
Gold Prices Pause on Greek Bailout Hangover

"US-based bullion dealers we polled over the past week report 'quiet' conditions and only 'sporadic' telephone call and transaction volumes, with would-be buyers of gold and silver only making an appearance in the wake of substantial rallies and not really buying on the dips," said John Nadler, senior metals analyst with Kitco Metals. Nadler also noted a Reuters report suggesting that India -- the world's largest gold consumer -- could see gold imports fall as much as 35% this year as inflation eases and stocks rally. The Indian government expects gold imports to come in at $38 billion in 2012 compared with an estimated $58 billion this year.  

Investors might want to reconsider looking to gold as a safe haven to stash their money. Gold prices have been artificially inflated and the question on everyone's mind is when will the price of gold collapse. There are some key indicators to look for that will lead to the collapse in gold prices. For more information on these indicators, read our Collapse of Gold Report. http://www.rarecoinwholesalers.com/resources

Source: http://www.thestreet.com/story/11428794/1/gold-prices-pause-on-greek-bailout-hangover.html

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Tuesday, February 21, 2012
Temporary Gold Spike Amid Greek Debt Deal
Exclusive: China, India plan Iran oil cuts of 10 percent or more
http://news.yahoo.com/exclusive-china-india-plan-iran-oil-cuts-10-144351557.html
Will not stop Iran from developing nuclear weapons. Will push price of oil up.
 
Zbigniew Brzezinski’s Strategic Vision: America and the Crisis of Global Power
http://finance.yahoo.com/blogs/daily-ticker/zbigniew-brzezinski-strategic-vision-america-crisis-global-power-134846648.html?l=1
Spin article. This is Jimmy Carter’s Secretary of State. That about says it all.
 
Some Doubt a Settlement Will End Mortgage Ills
http://finance.yahoo.com/news/doubt-settlement-end-mortgage-ills-114609628.html?l=1
This settlement will lower the mortgages by $2,000 to $4,000. How will that help.
 
A.M. Kitco Metals Roundup: Comex Gold Firmer Amid Greek Debt Deal, Weaker U.S. Dollar, Higher Crude Oil
http://www.kitco.com/reports/KitcoNews20120221JW_am.html
Temporary spike, a lot of promises, let’s see what really happens over time.

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Monday, February 20, 2012
Oil jumps to 9-month high after Iran cuts supply
Oil jumps to 9-month high after Iran cuts supply
http://finance.yahoo.com/news/oil-jumps-9-month-high-044713139.html
Oil up, gold up.
 
Iranians desperate as dark economic clouds gather
http://finance.yahoo.com/news/iranians-desperate-dark-economic-clouds-160443229.html
Don’t be fooled, this is not going to stop Iran from developing a nuclear weapon.
 
PRECIOUS-Gold climbs with euro on hopes for Greek deal
http://af.reuters.com/article/metalsNews/idAFL4E8DK27R20120220
More promises. Temporary dollar down, gold up.
 
Deal trims maximum jobless benefits to 73 weeks
http://news.yahoo.com/deal-trims-maximum-jobless-benefits-73-weeks-084132078.html
The only good news I could find. 50% of the people on unemployment will go back to work, the moment they cut benifets.

Tags :  oil pricesIrangold pricesunemployment
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Thursday, February 16, 2012
Job growth outlook for 2012
Jobs, factory data strengthen growth outlook
http://finance.yahoo.com/news/jobless-claims-drop-near-4-133321128.html
“But considerable slack still remains, with 23.8 million Americans either out of work or underemployed. There are no job openings for nearly three out of every four unemployed.”
 
GM records its highest profit ever: $7.6 billion
http://news.yahoo.com/gm-records-highest-profit-ever-7-6-billion-123523501.html
Cutting salaried workers (non-union) pensions, cutting production lines, cutting foreign exposures. Most of the profit was generated from cutting and there will be more cutting. Plus, they had unlimited funds from the U.S. tax payer.
 
President Obama Touts ‘Onshoring’: Is Made in America Back?
http://finance.yahoo.com/blogs/daily-ticker/president-obama-touts-onshoring-made-america-back-221759270.html
If you read the article. Obama has nothing to do with why jobs are coming back to the U.S.
 
Empty buildings haunt Spain amid real estate crash
http://news.yahoo.com/empty-buildings-haunt-spain-amid-real-estate-crash-082353324.html
They are heading for recession.  The U.S. is separating itself from the downside of Europe and its socialist policies.

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Wednesday, February 15, 2012
Three Upsides to Lousy Government
Bail-Out Politics: Even Michigan's Economy Is Improving
http://news.yahoo.com/bail-politics-even-michigans-economy-improving-100047912--abc-news.html
Too much money was spent for too little return.
 
Iran oil ministry denies state media reports on EU oil stop
http://news.yahoo.com/iran-stops-oil-exports-six-eu-countries-state-120553109.html
This is why oil prices are up.
 
Negotiators reach tentative payroll tax cut pact
http://news.yahoo.com/negotiators-reach-tentative-payroll-tax-cut-pact-000507483.html
More spending.
 
3 Upsides to Lousy Government
http://finance.yahoo.com/news/3-upsides-lousy-government-212724824.html
True Article!
 
Volcker Rule Debate: Even Occupy Wall Street Is Involved
http://finance.yahoo.com/blogs/breakout/volcker-rule-one-step-closer-becoming-law-130649480.html?l=1
Job and business killer.
 
Italy slides back into recession
http://news.yahoo.com/italy-slides-back-recession-092843686.html
Europe heading for a hard crash.
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Tuesday, February 14, 2012
Is the U.S. Economy Improving?
EU to punish Spain for deficits, inaction
http://news.yahoo.com/exclusive-eu-punish-spain-deficits-inaction-115721513.html
Europe making promises and never fulfilling them.
 
Boeing signs record $22.4 billion order with Lion Air
http://finance.yahoo.com/news/boeing-signs-record-22-4-073403257.html
Signs the U.S. Economy is improving.
 
Geithner calls on Congress to help with economy
http://news.yahoo.com/geithner-calls-congress-help-economy-151350480.html
More democratic spending.

Tags :  U.S. EconomyEuropedemocratscongress
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Monday, February 13, 2012
Are Stocks Reflecting an Economic Recovery Too Soon?
Curbing Your Enthusiasm
http://www.kitco.com/ind/Nadler/feb132012.html
More promises, nothing has been done yet.
 
Are Stocks Reflecting an Economic Recovery Too Soon?
http://finance.yahoo.com/blogs/breakout/stocks-reflecting-economic-recovery-too-soon-131350578.html?l=1
The recovery is happening in the Private Sector (70% of the U.S. GDP). The stock market is part of the Public Sector.

Tags :  Stocksprivate sectoreconomic recover
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Friday, February 10, 2012
Fed's 'Operation Twist' Tangles Treasury Trade
Tags :  gold
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Thursday, February 09, 2012
Orlando Money Show
Rare Coin Wholesalers will be at the Orlando money show from February 10th-12th. Please stop by and visit us at booth #408. Steve Contursi, President of Rare Coin Wholesalers, will be the opening speaker on Friday, February 10th at 11:15 a.m.

http://www.moneyshow.com/tradeshow/orlando/world_moneyShow/?scode=013104
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Wednesday, February 08, 2012
Are Student Loans the Next Debt Bomb?
Are Student Loans the Next Debt Bomb?
http://finance.yahoo.com/news/student-loans-next-debt-bomb-143222311.html
This is an extremely important article.
 
Japan to slash use of a heavy rare earth as China tightens grip
http://news.yahoo.com/japan-slash-heavy-rare-earth-china-tightens-grip-093552135.html
China had 97% as of 6 months ago. It has dropped to 95% since California and Oregon allowed Molly corp to start strip mining for rare earth metals again.

Tags :  debtchinaeconomy
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