Archive for June, 2013

Gold Miners Trade Like Junk as Bullion Sinks Below $1200 – Bloomberg


MINING.com
Gold Miners Trade Like Junk as Bullion Sinks Below $1200
Bloomberg
Barrick Gold Corp. (ABX) (ABX) and Kinross Gold Corp. (K) are trading as if they've lost their investment-grade ratings after the price of the metal plunged 28 percent this year to the lowest since August 2010. Barrick's implied bond rating has
Barrick Gold Corp Mine Getting a Visit as Prices Hit 30-Day LowMetalMiner

all 21 news articles »

Saturday, June 29th, 2013 Invest, News, Wealth Comments Off on Gold Miners Trade Like Junk as Bullion Sinks Below $1200 – Bloomberg

Luster Gone: Gold Posts Worst Quarter on Record – CNBC.com


Emirates 24/7
Luster Gone: Gold Posts Worst Quarter on Record
CNBC.com
Gold surged more than 2 percent on Friday on end-of-quarter short-covering, but bullion still posted its largest quarterly loss in at least 45 years due to selling amid fears the U.S. Federal Reserve may wind down its stimulus program. Bullion's 2.3
Gold price slips below $1200; sinks to $1181: Bullion bloodbath ahead?Emirates 24/7
BULLION MORNING – Gold price tumbles below $1200/oz as sell-off deepensFastMarkets Metal News
Fresh "Technical Damage" for Gold, Mine Industry "Faces Losing Money"Gold Seek
Reuters –Wall Street Journal (India)
all 239 news articles »
Saturday, June 29th, 2013 Invest, News, Wealth Comments Off on Luster Gone: Gold Posts Worst Quarter on Record – CNBC.com

"Investor Sentiment Still Sour" as Gold Heads for Biggest Quarterly Drop on Record – BullionVault


Moneycontrol.com
"Investor Sentiment Still Sour" as Gold Heads for Biggest Quarterly Drop on Record
BullionVault
Gold bullion fell back towards $1230 per ounce Thursday morning in London, having ticked higher in earlier Asian trading, as stocks and commodities were little changed on the day and the Dollar was also flat after showing little reaction to yesterday's 
Gold Prices Skid Below Key ThresholdFox Business
Who Killed the Gold Price?Gold Seek
PRECIOUS-Gold rises 1 pct on US GDP data after sharp slideReuters UK
This is Money –Moneycontrol.com –Bloomberg
all 324 news articles »
Saturday, June 29th, 2013 Invest, News, Wealth Comments Off on "Investor Sentiment Still Sour" as Gold Heads for Biggest Quarterly Drop on Record – BullionVault

China’s "Dr. Doom": The Chinese bubble is about to burst

From Zero Hedge:
 
Chinese investors are holding their collective breaths to see if the banking crisis predicted two years ago by renowned Chinese economist Li Zuojun will come to fruition in the next couple of months. Li's astounding accuracy in predicting China's economy has led to him earning the nickname "China's most successful doomsayer."
 
Though far from perfect, a lot of what he said here rings true. But the interesting insight is that he forecasts that the incoming regime will want to take its lumps early, in 2013, so as to minimize blame ("it was the old crew's fault") and maximize praise for subsequent recovery…
 
He notes three other drivers (aside from this political one) including external flows and credit expansion, and fears social instability should the status quo be maintained…
 
 
More on China:
 
 
 

Friday, June 28th, 2013 Invest, News, Wealth Comments Off on China’s "Dr. Doom": The Chinese bubble is about to burst

An answer to the No. 1 question about NSA "whistleblower" Edward Snowden

From Washington's Blog:
 
Polls show that Americans know the government is spying on all of us for improper purposes… but that many Americans are unsure whether or not the whistleblowers who brought us that information should be prosecuted.
 
The uncertainty regarding whistleblowers stems from a misunderstanding about the options that whistleblowers have to inform the American people of illegal actions by our government.
 
Specifically, numerous whistleblowers have tried to go through "proper channels" to expose illegal spying by the NSA and other government agencies… but nothing changed in response to their lawful attempts.
 
Not only did the government do everything it could to shut them up, but it threatened, prosecuted and harassed them.
 
For example, when NSA whistleblower Thomas Drake tried to blow the whistle on fraud and corruption within the NSA – based upon the NSA spying on all Americans instead of targeting only suspected criminals – he was prosecuted under the Espionage Act…
 
 
More on government spying:
 
 
 

Friday, June 28th, 2013 Invest, News, Wealth Comments Off on An answer to the No. 1 question about NSA "whistleblower" Edward Snowden

Must-see chart highlights the jaw-dropping move in mortgage rates

From Sober Look:
 
In the past two days, the 30-year conventional mortgage rate broke above 4.5% – roughly a two-year high.
 
Many economists argue that in spite of this spike, we are still some 2% below the pre-recession rates. Of course, the economy (including availability of credit and employment) was arguably stronger before the recession than it is now.
 
And it's not necessarily the level but the speed of the spike that worries some: over 120bp rate hike in less than two months…
 
Read full article (with chart)…
 
More on interest rates:
 
The era of "ultralow" mortgage rates could officially be over
 
Obama's recent comments suggest interest rates could soar this year
 
Why the bond market could push Ben Bernanke to make another crazy move
 

Friday, June 28th, 2013 Invest, News, Wealth Comments Off on Must-see chart highlights the jaw-dropping move in mortgage rates

Shocking study shows this common food item is "dirtier than toilet water"

From Mercola.com:
 
If the thought of drinking toilet water makes you cringe, you will probably be none too pleased to find out that ice served at many fast food restaurants contains more bacteria than the water found in their toilets.
 
As reported by the featured article:
 

"Scientific tests have shown that ice from branches of McDonald's, Burger King, KFC, Starbucks, Cafe Rouge, and Nando's all had higher levels of bacteria than samples of water taken from their lavatory bowls.

 

Experts say it could be due to them being cleaned more often than the ice machines… The Burger King result suggested the cause was human contamination, likely to be from a staff member failing to wash their hands…

 
 
More on health:
 
 
 

Friday, June 28th, 2013 Invest, News, Wealth Comments Off on Shocking study shows this common food item is "dirtier than toilet water"

The top five "lies" of Obama’s recent climate change speech

From The Hockey Schtick:
 
… President Obama is being lauded for his plans to restrict carbon dioxide emissions. But the scheme looks more like the last refuge of a desperate movement, because the speech he gave in its defense was full of lies.
Al Gore called Obama's Tuesday presentation at Georgetown University a "terrific and historic speech." It was not an honest message, though.
 
His text was laden with myths, fables, distortions and outright lies. Here are the top five:
1. "The planet is warming."
 
Earth's post-1950 warming trend stopped at least 16 years ago. This is an admission made by Britain's Met Office last fall. The media have confirmed the lack of warming, including the New York Times, which says the warming stopped 15 years ago rather than 16.
 
Read full article…
 
More on "global warming":
 
The U.K.'s National Weather Service makes an astonishing admission about global warming
 
New report is guaranteed to upset the "global warming" crowd
 
New analysis provides "conclusive proof" global warming is a scam

Friday, June 28th, 2013 Invest, News, Wealth Comments Off on The top five "lies" of Obama’s recent climate change speech

Eye-opening report reveals a hidden fact about the latest news on the economy

From The Dollar Collapse:
 
The Consumer Metrics Institute is generally a pretty subdued bunch, as befits its job interpreting economic statistics for money managers and other economists. But lately it's been sounding, well, apocalyptic. Here are a few snippets from its analysis of the U.S. GDP revision released this morning:
 
… the big one, plunging incomes:

 

And as mentioned above, real per-capita disposable income took another hit: it is now reported to have dropped by an annualized $796 from quarter to quarter.

 

Real per-capita disposable income is now down $209 annually from 1Q-2011 — a full two years ago.

 
Their summary…
 
 
More on the economy:
 
 
 

Friday, June 28th, 2013 Invest, News, Wealth Comments Off on Eye-opening report reveals a hidden fact about the latest news on the economy

Get ready for the "return of the Twinkie"

From The American Thinker:
 
Rejoice Twinkie fans! And there are some. Proving you can't keep a sweet company unbaked, the iconic snack is set to turn mid-July according to this report.
 
Saddled by inefficient management and high union costs, Hostess, the company that made them, fell into bankruptcy about a year and a half ago.  With new owners who bought some of the popular brands from the now out of business parent company and a non-unionized work force, they're planning a relaunch with wider availability. 

And keeping with the times, "gluten-free, added fiber, low sugar and low sodium" versions might soon be available…

 
 
More on bankruptcy:
 
 
 

Friday, June 28th, 2013 Invest, News, Wealth Comments Off on Get ready for the "return of the Twinkie"

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