Blog posts of '2011' 'December'

Gold to drop in Q1, far from retesting record high: Reuters poll
http://finance.yahoo.com/news/gold-drop-q1-far-retesting-022358721.html?l=1
The article talks about everything except the support level ends at $1,400. If gold drops below this there is a possibility people will panic and it will drop to below a $1,000.

A.M. Kitco Metals Roundup: Comex Gold Near Steady on Consolidation; Traders Digesting N. Korea Leader's Death
http://www.kitco.com/reports/KitcoNews20111219JW_am.html
They have nothing to say. They know gold is going down.

Payroll-Tax Cut in Limbo as U.S. Lawmakers Brace for Fiscal-Policy Fight
http://finance.yahoo.com/news/payroll-tax-cut-limbo-u-050100599.html?l=1
They will pass something. DC is in gridlock until after the elections of 2012.

Gold Prices Sink 4.5%, Enter Danger Zone
http://www.thestreet.com/story/11344974/1/gold-prices-sink-enter-danger-zone.html
Dollar up, gold down, long term trend, support disappears at $1,400.

Money managers fear euro zone breakup
http://finance.yahoo.com/news/money-managers-fear-euro-zone-050128559.html?l=1
Not if, when.

Existing home sales to be revised lower
http://finance.yahoo.com/news/existing-home-sales-revised-lower-234700109.html?l=1
One more round of foreclosures from all the public employees who will be laid off in next year.

Fed Is “Ruining an Entire Class of Investors” Says Jim Rogers
http://finance.yahoo.com/blogs/breakout/fed-ruining-entire-class-investors-says-jim-rogers-153315477.html?l=1
True article.

Why Sovereign Debt Ratings May Not Matter That Much
http://finance.yahoo.com/news/why-sovereign-debt-ratings-may-161948941.html?l=1
Smoke screen article for the foreign economies. U.S. private sector (70% of U.S. GDP) is the only real increase growth in the world.

House Prices Are Finally Nearing A Bottom – But Don’t Look For A Rapid Recovery
http://finance.yahoo.com/blogs/daily-ticker/house-prices-finally-nearing-bottom-don-t-look-220815901.html
No True. There is one more dip coming. All the public workers (30% of U.S. economy) who will be laid off in the next year and all the mortgages being held up by improper paperwork will be hitting the market during the beginning of 2012.

S&P's Euro Threat Drags Down Gold Prices
http://www.thestreet.com/story/11334337/1/sps-euro-threat-drags-down-gold-prices.html
Miss titled, should be Euro down, Dollar up, Gold down.

Five Myths About Emerging Markets
http://finance.yahoo.com/news/five-myths-about-emerging-markets.html?l=1
Half truth, raises some concerns, it should go further and state the huge risk in emerging (commodity based economies) based on a strengthening dollar.

Secrets of the Bailout, Now Told
http://finance.yahoo.com/news/secrets-bailout-now-told-122008831.html?l=1
Recession caused by the financial institutions, Federal Reserve bailing them all out at the Private Sectors (70% U.S. GDP) expense.

Europe’s Big Week: Early Returns Good, Big Challenges Remain
http://finance.yahoo.com/blogs/daily-ticker/europe-big-week-early-returns-good-big-challenges-161059361.html
Europe’s promises always sound good, they just never deliver.