Tag Archives: economy

Going out on a limb

Just the other day I was reading a story in which the housing market has apparently rebounded so well that the administration is going out on a limb, pushing banks to overlook weaker credit ratings in granting mortgages to prospective homebuyers: The … Continue reading

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Rethinking the mattress

Maybe putting your money under the mattress isn’t such a bad idea after all: Bank depositors in Cyprus learned today of a planned heist on their funds. It was a well organized one that will take 6.75% of all small … Continue reading

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Curiouser and curiouser

Here’s an interesting tidbit about curious happenings in the gold and silver markets, from a recent interview of investment analyst Eric Sprott by Toronto’s The Gold Report: Eric Sprott: This will sound like a conspiracy theory, but unusual things are happening … Continue reading

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Crisis du jour

“When in danger, when in doubt, run in circles, scream and shout” – Herman Wouk, The Caine Mutiny A pretty good description of almost everything you hear out of  Washington DC, but we get more than one crisis du jour these … Continue reading

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In business down in the tropics

Last week I saw an article in MineWeb, “The end of gold cash costs as we know them?”, which noted recent calls for an “all-in sustaining cash cost” measure that “…more fully defines the total costs associated with producing gold. … Continue reading

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Coin Collectors Gone Wild

Good grief, have coin collectors gone wild?! I participated in this auction last week, but the lot I bid on certainly didn’t get this much attention! Australian sovereign smashes several records Rare 1920-S gold coin realizes $1.26 million in sale The Australian … Continue reading

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Twist and Shout

As anticipated, the Fed today announced plans to burn $40 billion a month, with no end in sight: The Fed said it will buy $40 billion of mortgage-backed securities per month in an attempt to foster a nascent recovery in the … Continue reading

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