tag:blogger.com,1999:blog-20377909.post4077382837487527536..comments2024-02-26T08:05:58.174-08:00Comments on ECONOMICROT: Gold Rebound?Randyhttp://www.blogger.com/profile/09221346085089343469noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-20377909.post-6408630947982323552008-05-07T22:16:00.000-07:002008-05-07T22:16:00.000-07:00So it's good to be positive about Gold however the...So it's good to be positive about Gold however these guys have more tricks up their sleeve to try to prop the $. Smart overseas money continues to build it's gold position however in spite of FX manipulaion such as the recent $35 billion $ sale or whatever it is to the ECB.<BR/><BR/>Anyway, don' be sad if we see our barbarous relic go to $800, it will snap back that much faster.Unknownhttps://www.blogger.com/profile/02570957150406508974noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-68971996510753196912008-05-06T07:13:00.000-07:002008-05-06T07:13:00.000-07:00Countrywide Takes Away Home-Equity Credit Lines in...<B>Countrywide Takes Away Home-Equity Credit Lines in Las Vegas</B><BR/><BR/>By Vivien Lou Chen<BR/><BR/>May 6 (Bloomberg) -- Countrywide Financial Corp. has suspended the home equity credit lines of almost all its Las Vegas customers, including the $60,000 Christopher Whipple says he needed to expand his cell-phone accessories business.<BR/><BR/>``I hope this doesn't break me,'' the 35-year-old retailer said. His credit score was 790 out of a possible 850, putting him in the top 40 percent of borrowers. ``It's going to hurt more than I thought.'' <BR/><BR/>https://www.blogger.com/comment.g?blogID=20377909&postID=4077382837487527536&pli=1Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-91956903174687229702008-05-06T04:27:00.000-07:002008-05-06T04:27:00.000-07:00Ben Bernanke urges "intervention" to stop house pr...Ben Bernanke urges "intervention" to stop house price declines and foreclosures while he is cutting interest rates causing gas and food prices to increase, leaving less to pay the mortgage.<BR/><BR/>http://reddit.com/info/6ibpq/comments/<BR/><BR/>Now THAT is a conundrum.Tomhttps://www.blogger.com/profile/09600876443323337792noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-15204363944617275152008-05-05T22:06:00.000-07:002008-05-05T22:06:00.000-07:00Randy, Good evening. I believe you have, as they ...Randy, <BR/><BR/>Good evening. I believe you have, as they say, nailed it.<BR/><BR/>There is fifteen times more paper money today than there was in 1970.<BR/>M3 may be nineteen times greater than it was just under three decades ago.<BR/><BR/>We have seen the federal debt load, which was just reaching one trillion dollars in 1980 for the first time, now hovering around 9.4trillion and accelerating higher.<BR/><BR/>We've been turned, in 28 years, from the world's largest lender to the world's biggest dead-beat borrower. Off-balance sheet nightmares include Medicare, Social Security, and projecting power as a fading Empire. The Middle Class is being gutted as it needs to stagger from one credit card balance transfer offer of 0% or another "teaser" low rate for six months in order to get through the month.<BR/><BR/>After 1,200 gold during 2008, we're poised to start a very painful 2009-2010.<BR/><BR/>With the FED's recent actions of accepting suspect paper in exchange for its US Treasury Bonds...they are turning themselves in a giant hedge fund.<BR/><BR/>To borrow a line from Ray Bradbury:<BR/>"By the pricking of my thumb, SOMETHING WICKED THIS WAY COMES."<BR/><BR/>Thank you for a really great website. Silver and gold are among the best defenses we have. I'm thinking of the "poetry" if, on the 27th anniversary of Nixon's closing the gold-window on 08/15/1971, this summer we cross north of 1,250 per troy ounce for gold and trade over 30 per troy ounce for silver.<BR/><BR/>Keep up the great work, it's sincerely appreciated. <BR/><BR/>Prosper & be well.Anonymousnoreply@blogger.com