An excerpt from Bob Chapman's weekly publication.
October 27 2010: Financial follies continue, more bank closures this year than last, pension liabilities exceed revenues, continued troubles in the economy, no real interventions in currency market, PIMCO predictions.
As the Friday Night Financial Follies continues regulators on Friday shut down two small banks in Florida and two in Georgia, lifting to 136 the number of U.S. banks that have fallen this year as soured loans have mounted and the economy has sputtered.
With 136 closures nationwide so far this year, the pace of bank failures exceeds that of 2009, which was already a brisk year for shutdowns with 140. By this time last year, regulators had closed 106 banks.
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Thursday, October 28, 2010
Mike Maloney - If you cannot hold it you dont own it
Investing in certificates, pools, exchange-traded funds is not the same as owning physical silver and gold.
Barrick CEO Gold not in a Bubble
Barrick Gold CEO Aaron Regent on the factors supporting the price of gold.
Gold Futures Vs. Gold Minis
Jennifer Ropiak, vice president for NYSE Liffe US, breaks down the differences, benefits and risks between gold future contracts and mini contracts.
Bob Chapman : Russia buying as much gold as they can
Bob Chapman : Russia buying as much gold as they can
Bob Chapman : ...Gorbachev is a member of the Illuminati that's why he left Russia , ...he slipped right in to the Illuminus camp and now he is trying to start trouble for Russia and that's what that's all about , because Russia has been buying Gold every month , for months and months and months and their economy is doing relatively well they are oil exporters as you very well know and they export a lot of commodities such as base metals and platinum and palladium and they hold their own Gold , they buy all the gold they produce in the country just like what China does and so they are the enemy as far as the Illuminus are concerned and so they try to cause trouble....and it's not gonna work.....
Bob Chapman : ...Gorbachev is a member of the Illuminati that's why he left Russia , ...he slipped right in to the Illuminus camp and now he is trying to start trouble for Russia and that's what that's all about , because Russia has been buying Gold every month , for months and months and months and their economy is doing relatively well they are oil exporters as you very well know and they export a lot of commodities such as base metals and platinum and palladium and they hold their own Gold , they buy all the gold they produce in the country just like what China does and so they are the enemy as far as the Illuminus are concerned and so they try to cause trouble....and it's not gonna work.....
Joseph Foster, Gold May Reach $2,000 in Next 2-3 Years; Long-term Bull Market
Oct. 28 (Bloomberg) -- Joseph Foster, a portfolio manager at Van Eck Associates in New York, talks about the potential impact of the Federal Reserve's quantitative easing on the gold market. Foster, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses the outlook for gold stocks and investment strategy.
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