This Weeks News

06.13.04- Thank You, Mr. Spitzer....Butler

The market structure, as indicated by the latest Commitments of Traders Report (COT), continues to support a liftoff in prices. While there was a slight deterioration in the latest COTs in gold and copper, silver hardly worsened at all. Remember, the reporting period covered a time of a rally in prices. And since we had significant tech fund selling and dealer buying in the three days since the Tuesday cutoff, undoubtedly the structure has improved. It's no fun to see silver suddenly sell-off 30 or 40 cents, but it did allow the dealer wolf pack to close out as many as 5000 more net silver shorts. MORE >>

06.03.04- I Want To Be a Bank....Malouin

It's been said over and over again that banks borrow at say 1% and lend at say 5% and therefore their profit is made on the difference. So far, I haven't seen any information to the contrary. Correct me if I'm wrong.

However, under a fiat currency system, banks don't have to have all the cash on hand. As long as sufficient liquidity is available, say in the form of treasury notes, they are allowed to lend say up to 10 times that amount. So therefore, we can extract the following:

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05.06.04- The Fed Is Lifeblood to the Root of Evil....Baker

Central banking is perhaps the most brilliant scam ever perpetrated, and the U.S. Federal Reserve stands as the most successful of all central banks in history. The Fed is able to transfer wealth away from the people who earned it, and into the hands of the Federal Government and member banks, relentlessly, stealthily, year after year, and all the while maintaining the preposterous claim of social benefit in the form of “managing the economy.” The method of this theft is sophisticated and disguised enough as to escape the attention of most, and when combined with propaganda, leads most people to the conclusion that we’d be in trouble without it. Yet I wish to show here that central banking can be well understood by most people for exactly what it is – the fraudulent theft of trillions of dollars via the monopolization of money. In the companion article, “The Origin of Money, and How It Was Stolen from You,” I will show that the usual justifications given for central banking are dubious. MORE >>

04.30.04- The Mother Of The Mother....Butler

Like a guillotine, the commercial dealers beheaded the tech fund longs in COMEX gold and silver over the past week and a half. It was the tightly disciplined wolf pack's finest moments, thereby making it one of the free markets' worst. Make no mistake, there is a war for money and financial survival in the metals that includes both yours and the manipulators'. They won a key battle, but in winning that battle, they may have lost the war. MORE >>

04.20.04- Game over for stocks and real estate?....Fleckenstein

That happens to be what bull markets do: They grind higher and higher and higher. Then, when they collapse, they collapse mightily to shake people out. This is one of the reasons why I had not been long silver bullion (until this week). I had not found the right juncture to get long where I thought I might be able to do so and have my risk somewhat under control. MORE >>

04.17.04- How Will It Come Down?....Stott

After returning from a trip to Carlsbad Caverns last weekend, I went to the "quarter" car wash, and discovered it had gone from $1.50 to $2…a 25% increase. Asking the owner why, he answered that everything from electricity, water, detergent, wax, property tax, and insurance has gone up. Not just a little, but a lot. Then I read how steel is up close to 50%, milk is going up 50 cents a gallon soon, and gasoline will be $2 everywhere, pretty soon. MORE>

04.10.04- The Nazi Connection to Islamic Terrorism....Blumenfeld

The Nazi Holocaust appears to have kicked into high gear on November 25, 1941 during a Berlin meeting between the Grand Mufti of Jerusalem, Haj Amin al-Husseini (1895-1974) and the Nazi Fuhrer of Germany, Adolf Hitler. At that well-documented meeting, Hitler promised al-Husseini, the Palestinian pan-Arab leader, that after securing a dominant military position in Europe, he would send the Wehrmacht, the Nazi war machine, on a blitzkrieg across the Caucasus and into the Arab world under the guise of liberating the Arabs from British occupation. MORE >>