The Golden Truth: OOPS: Employment Report vs. Expected Number

Friday, December 3, 2010

OOPS: Employment Report vs. Expected Number

Much worse than expected...Even the prozac-overdosed idiots on CNBC are saying "nothing positive in this number." Anyone want to put an over/under date on QE3?

10 comments:

AnonymousFriday, 03 December, 2010
Sometime summer of 2011. Very shortly after QE2 is over and Might even overlap. Thoughts Dave?

Fred
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Dave in DenverFriday, 03 December, 2010
I agree Fred. Plosser was on the tape yesterday already hinting more QE may be needed
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EconomicDisconnectFriday, 03 December, 2010
QE 3.0 already, and I thought it was bulls on parade time???
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AnonymousFriday, 03 December, 2010
Dave,

Any idea why eurasian minerals was halted the other day? I couldn't find any news about it anywhere.
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Dave in DenverFriday, 03 December, 2010
EMX was halted because they were releasing drilling results. It took all day for their attorney to sign off on it and the exchange to approve it:

http://finance.yahoo.com/news/Eurasian-Minerals-Drills-308-ccn-3376207579.html?x=0&.v=1
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JPFriday, 03 December, 2010
This video is a bit crude but a good explantion nonetheless. Give it a listen and forward it widely. Bankrupt JPM! Buy more Ag!

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JP Morgan Silver Manipulation Explained

MrSilvergoldsilver

http://www.youtube.com/watch?v=Gl47z2g2EvI
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AnonymousSaturday, 04 December, 2010
QE2 will simply merge into QE3, which merges into QE4, 5, 6, . . . n. Either the banks die or the dollar dies. We chose to save the banks.
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JoeSunday, 05 December, 2010
Dave,

Just noticed that Tulving is completely sold out of all Gold/Silver. Never seen that before, we may be on the verge of a major price adjustment.

Eric DeGroot has a $38 Silver magnet in play. That ought to really bring some pain to the Silver shorts.

Joe M.
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Dave in DenverSunday, 05 December, 2010
Joe, they must have been updating the website when you checked:

http://www.tulving.com/goldbull.html
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JoeSunday, 05 December, 2010
dave,

thanks for the update, i think turk is right about the market tightness.

joe m
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Add comment

Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Here is the link to his entire commentary, well worth a read:

http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

source: www.clusterstock.com

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.