Anyone who would intentionally try to discredit the Fed should be reported to the Thought Police!!
Feds ‘lose’ audits for Fort Knox Gold
this sort of thing happens all the time. just ask Hillary (emails)
besides this was on RTv – prejudiced, lying bastards trying to discredit the Fed
Feds ‘lose’ audits for Fort Knox Gold
we lose
BUYGOLD.
The real key was the illusion. The no vote. If you think gold should have soared you were right…and proven wrong. My real point…we are all deep down their hole. They won past programmed elections, why now????..walk and pay attention. Is Greece the fish in the bowl..we all know Greece, Italy and numerous nations can never pay back the principals loans..NEVER..The illusion of the digit..the power of all
Why ..this point and now???..It is open knowledge it is a was a 5% we live well world ( It always was for the sheep) …you others are past historical feed !!..What is the problem ?kings, queens ,church and send them off to the colonies….
My opinion the greatest failed nations were Australia and Canada..they never tasted freedom. They voted yes ..over all their years ..sad.Their resources were and
note the powers to be just were here three setnces gone
We were sold out in December 23, 1913..and the rest is an illusion of ” we left them and they never left us ” look in to the royal familoes of Europe… look in a name Leopold…what a black hole you will find..from Victoria to Belgium Congo to millions of killed .to the term royal..full circle Canada. Thirty years of reading..
we never left them..
I wish to share more but. i feel it would be worth less..
I will marvel at the script..
A piece of cake! Europe will be fine-Int rates aren’t going up-The U.S. will be stronger than ever….
the ongoing debt crisis in Greece seems to be a never-ending source of hysterics. [ Zero Hedge!!-]
History shows that pundits who make bold, aggressive calls are frequently proven dead wrong, but there are a few scenarios that I think are highly likely in the second half of 2015. And that could create windfall profits for investors on the right side of the trade.
So at the risk of creating yet another public record of my inaccuracies, here are five predictions of what I expect to transpire from now until the end of December.
Europe will be fine, with or without Greece
We’ll start here, because the ongoing debt crisis in Greece seems to be a never-ending source of hysterics.
In a nutshell: Just because people who haven’t been paying attention to the eurozone for five years are freaking out doesn’t mean you have to.
For the record, a “Grexit” is not a foregone conclusion — heck, the people haven’t even voted on bailout terms yet, and even when they do the nation is prepared to block expulsion from the eurozone via court action. But even if Greece eventually returns to the drachma, the contagion risks we’ve heard so much of lately should be taken with a grain of salt.
Politicians have been preparing for this — and more importantly, so have investors.
After all, it was over four years ago that Fortune ran an article with the headline, “End of the line: What a Greek default means,” with a subhead warning: “Its impact on European banks could trigger a liquidity crisis felt around the globe.”
If you are just hearing about Greece’s debt problems and default risk for the first time, then you simply haven’t been paying attention.
Besides, even if some yutzes are unprepared, Greece’s economy isn’t even in the top 40, according to IMF data, making it smaller than the Philippines or Chile. Heck, Argentina’s economy is roughly twice the size of Greece’s, and its debt default didn’t cause the end of Western civilization.
I won’t pretend this will be easy, particularly for frustrated Greek people who have suffered through a steady economic decline since 2008.
But as financial pundit extraordinaire Jeff Macke put it on Twitter: “The problem with betting on the end of the world is there’s no where to collect if you’re right.”
There may be plenty of volatility in the days ahead, but I still will be making my regular investment in the Vanguard Total International Stock ETF VXUS, +0.24% as I do every month.
Europe has survived worse than this, and it will survive this too. Long-term investors should not abandon exposure to the region, particularly in 401(k) or IRA accounts where they will be “averaging in” across the coming months and years.
U.S. growth will be even stronger
The year got off to a bumpy start after a GDP contraction in the first quarter. As a result, the bears came out in full force with their recession calls.
But if the first half was characterized by disappointment, the second half of 2015 will be marked by acceleration as the U.S. economy gets its groove back.
For starters, some of the details from those early months hint at delayed economic activity — not lost activity. Consider the slow inventory build in the first quarter as a perfect example. We’ve seen this movie before, including an initial 2.9% rate of decline a year earlier — the most in five years — that sparked similar doomsday calls. But that was eventually revised to just a 2.1% decline and was followed by a brisk 4.6% pace in the second quarter.
But don’t just take my word for it. Goldman Sachs recently revised its full-year GDP target higher and is expecting a 3% pace of growth in the second half. Also, Merrill Lynch just revised up its 2015 forecast to 2.9% from 2.3% growth. And while the World Bank wasn’t quite so hot, recently revising down its forecast of U.S. growth, the agency still is plotting a 2.7% growth rate for 2015 even after a weak start to the year.
Just consider the jobs numbers as proof of how durable the recovery is. More than 2.95 million jobs were created last year, making 2014 the best jobs year since 1999. And while some folks were mighty scared after a slow start to 2015, May’s jobs report blew the doors off with 280,000 jobs created and increased participation and wages.
In short, expect a powerful finish to the year despite a slow start to 2015. The story of this frustratingly slow recovery from the financial crisis has been one of fits and starts, but it is indeed a story of recovery. I expect the data to continue to point higher in the second half of the year and reinforce a narrative of growth, not one of a slowdown.
Interest rates aren’t going anywhere
Back in April, I said the 10-year Treasury wouldn’t top 2.5%, and I guess, technically, I was proven wrong on June 10 when it hit exactly that mark.
But I remain convinced that low rates are here to stay, and that any brief pop to 2.5% or slightly higher won’t last long.
Netdania shows
Gold up $4, silver up $.01
Yawn.
R640 – won’t hold breath
What will be most interesting is how US bonds do and especially how Euro bonds do. If Euro bonds selloff then there may be a real problem.
As for gold, they’ve got it capped until they don’t. That could be forever.
I’m showing gold down a buck and silver down 2 cents on this site–BOOYAH!
http://futures.tradingcharts.com/marketquotes/GC_.html
I’m confused…I seen on Fox Biz News that gold was up $10 at one point-and them’s real time quotes-this site shows gold was up just $4 this evening.
USA Women up 4 zip
early in World Cup. Going for the Gold!
Maya (1:16), Islandgold (10:31), Moggy (14:23) Thanks for comments.
And thank you, Moggy, for the superfoods link with guides on how to process Equisetum. To answer your 1:16 question, Maya, today I re-photographed the same two shoots of Equisetm hyemale as yesterday, but this time I carried along my red/white range pole for photographic scale. Each red and each white segment on the pole is half a meter. The attached pic also shows a one-meter wooden rule. The Equisetum shoots are just a bit over one meter in height. I measured the tallest in this local population at 1.2 meters. Normal maximum height for this species is about 0.9 meters according to one manual. Lots of silica-laden biomass here. Cheers.
Very quiet open…maybe in the next 24 or 48 hrs there will be some unraveling…some panic…but don’t hold your breath…
From a ZH thread=
FTSE futures 2.5% down, Dax futures 3.5% down
It looks like someone finally woke up! Lets see if china can pump a save, or if this is the end at last.
and the open is….
up $5 whole dollars.
They better get things under control quick or we could be up $6
Silver down $.05
The nightmare continues
Logic says gold up
…but reality tells this old curmudgeon that the banks will throw everything they have in their arsenal of shorts , futures , etc. at G&S in order to slam them down . If not tonight , then around 8:00 am tomorrow in New York . The Chinese and other countries also want to keep G&S down until they have unloaded their ‘global reserve’ fiat dollars .
Buygold @ 17:03
I saw voters using ballet boxes, not machines, on the news
Floridagold, R640
Floridagold – good for the Greeks! I thought for sure the technocrats would fix the election, unless a “no” was what the techno’s wanted all along. 🙂 Good for them anyway, I hope they use the Ruble or Yuan as their national currency.
R640 – What do you want to bet gold opens flat or down $20? 🙂
BTW – I really like Daniel Estulin, haven’t listened to the interview yet but can’t wait.
From a Zero-Hedge thread just now
If we listen to the guy who is the foremost Bilderberg researcher then your gold and silver are set to sky rocket in price.
Gold Is A Financial Thermonuclear Weapon –
Thanks Moggy
Also there would be no health or even life to enjoy your gold, and without life and health there is no reason to own gold or anything else!!
silverngold….Islandgold
Way to go, good people…keep that information coming. If a certain person had his way there would be no trains, no joking by Wanka, and no astrology posts…gads! LOL!
Equis
Horsetail herb harvesting is done in the summer. Pick stems, discarding any discolored ones, and let them dry in a cool, dark place. Once dry, the stem can be ground into a powder and stored in an airtight container for up to one year, or use for ornamental purposes. Young shoots can also be eaten like asparagus.
Another site has instructions for making horsetail herb tea…and plenty of other good information:
http://www.superfoods-for-superhealth.com/horsetail-plant.html
Islandgold@10:31 ….Thank You!!
Also thank you for that very informative presentation. It was a lot to digest but in the end a real eye opener to the deeper meanings of what is happening to this once beautiful planet we inhabit. I especially liked his closing comments about being accused of being a conspiracy theorist. So be it if that is how I am classified. I have always loved nature and what was here before man began destroying it……Just pure natural wonders through which one can connect with their Higher Power…..so when I see it being destroyed right before my eyes I have to say something.
All The Best……..Silverngold
R640 – Gold will be ‘controlled’… as usual.
“They” have not yet lost control. Bitcoin is harder to suppress, and shows what SHOULD be happening to Gold, but…. there is still ‘control’ in the gold paper market.
…Hoary-Headed… no wonder it hurts! 🙂
Let’s vote=how will the gold open be tonite at 6 pm est?
I think gold will open up strong $15-$20 would be my timid guess-it should open up a $100…but up 15 or 20 then we’ll see if the usual crud starts with the algo drip-drip…there’s an outside chance-%5? 10%?– this could be THEE BIG BANG…I can’t wait!
WHAT SAY YE-O WISE AND HOARY-HEADED MEMBERS OF THIS AUGUST FORUM?