Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (20521)	12/22/2009 9:41:56 PM
From: panthornet	1 Recommendation Respond to of 50291

"Gold rallied from $905 to $1226 on this move, and a 50% textbook re-tracement of the move would take us to $1066 gold, with the old resistance of $1000 gold, perhaps tested as new support." The Purchase by India of 200 tons at $1045 and the statement they might consider 200 tons more should also help support this price

To: SliderOnTheBlack who wrote (20521)	1/4/2010 10:22:21 AM
From: SliderOnTheBlack	16 Recommendations Respond to of 50291

The 800 lbs. Gorilla Speaks... Right on cue... Message #20379 from SliderOnTheBlack at 12/10/2009 Message 26167157 WWJPD? -- What Would John Paulson Do? Message #20521 from SliderOnTheBlack at 12/22/2009 Message 26195820 As the US dollar rally was mechanical, not fundamental, we expected a bounce in the HUI off support at HUI 420... And we got our bounce as the HUI held a 420 close (416 intra- day low) and is rallying from over-sold support. And now today with the 800 lbs. Gorilla back in the game, gold and gold stocks got a gap up open. Now let's see how the Fed gets itself out of it's trick box: Raise rates to defend the dollar and destroy the housing recovery and the economy, or continue to manage the controlled descent of the dollar with QE 3-card monte games, monetizing mortgage backed securities and US Treasuries? There's going to be a huge increase in 2010 debt that must be funded from 2009 - who's going to buy it, when the entire world has it's own problems and is diversifying away from US Dollar exposure? Another $800 billion dike plug for Fannie & Freddie, and another $4 trillion dollars readied for the when, not if, next systemic meltdown... Congress Hands The Fed A $4 Trillion Slush Fund allgov.com Saturday, January 02, 2010 "Legislation intended to reform Wall Street and protect consumers is currently waddling along in the House of Representatives, moving as best a 1,200-page document can. Bloomberg columnist David Reilly decided to read all of HR 4173 (the “Wall Street Reform and Consumer Protection Act”) and found plenty of “gristle” among its provisions that could make any taxpayer ill. bloomberg.com For instance, the bill authorizes the Federal Reserve to provide up to $4 trillion in emergency funding if the financial sector collapses again. Representing more than twice as much that the federal government spent on the current crisis, the money would not be released unless “there is at least a 99% likelihood that all funds and interest will be paid back.” Also, the legislation does not address the issue of institutions that have become “too big to fail,” although it does reference the issue of forbidding bonuses for Wall Street leaders. “Best of all,” writes Reilly, “the bill contains a provision that, in the event of another government request for emergency aid to prop up the financial system, debate in Congress be limited to just 10 hours." ----------- "It's not a recovery, it's a cover up." -- Gerald Celente Kool-Aid Is, Was, And Will Always Be - Dangerous To Your Health, especially when served by the bartending staff at the Fed. SOTB "Save America - End The Fed"