Tungsten Bars; White House Nuke; Markets; Virtuous Cycle DEAD; Housing Not Arousing; “New” Rubedo Metal
This is worth a read and it includes pictures. Tungsten Filled 1 kilo Gold Bar Discovered in UK: http://www.theblaze.com/stories/tungsten-filled-gold-bar-found-in-u-k-heres-why-you-should-be-worried/ I would not be worried unless I bought bars. IS therre less gold in the world because of fake bars? That sound bullish and something for Central Banks to fight over.
From the Jim Kingsland “good news” desk…
Govt Report: Nuclear Blast Wouldn’t Destroy DC http://soc.li/AE2SyeB
MarketsBernanke hinted yesterday that more QE could be on the way. This lifted stocks and gold. That’s all it takes, is just a hint from what Zero Hedge called the “chairSatan” and stock and gold are back on the race track. $1700 is again within sight. That’s got to be frustrating to the Fed Head, but it’s not surprising. QE is all that Fed can do, short of actually dropping pallets of cash on the population. This is really a sad state affairs.
Just how sad are things? Read on dear reader….
JP Morgan Finds Obama, And US Central Planning, Has Broken The Economic “Virtuous Cycle” In the last few months we have presented various analyses, both ours and those of Goldman and even Jon Hilsenrath, on why one of the core economic empirical relationships: Okun’s law, is now broken. Subsequently we presented another parallel line of inquiry – namely that in order to preserve the illusion of a recovery, the Obama administration (with help from the Fed) has engaged in a quality-for-quantity job transfer, where America is creating increasingly more jobs of lower quality (the bulk of which are part-time), which in turn is leading to less proportional personal income tax revenues, read more here. Yes things are very broken. http://www.zerohedge.com/news/jp-morgan-finds-obama-and-us-central-planning-has-broken-economic-virtuous-cycleBack to the markets. My BAC yesterday was a scratch. 10 is proving to be a tough area. So I went back to Apple which turned out to be a rewarding experience. BIDU has also had the after burners on. Priceline at above 700 is a follow the momentum-incredible play. These are just short term plays. I suspect the street is distributing some inventory as these stocks hit nosebleed levels. But thanks to QE hopes the market continues to rise.
Yes, the S&P 500 is not too far from all time highs yet the real estate market remains in bad shape. Case-Shiller: Home prices fall in January – Economic Report – MarketWatch http://bit.ly/GWC580 Lowest in 9 years. 9 years ago, if math hasn’t turned fuzzy that was the year 2003.Is there something new under the sun? Tiffany & Co. Rubedo Metal Collection Launch http://j.mp/GRdL9e
Some early guess… copper and silver mixture? Any who knows, please email at email@example.com
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Author Jim Kingsland
Market commentator with focus on Gold and Silver after long broadcast career at FNN, Bloomberg, and Fox. #RandomHouse published author on PMs. Jim has also been involved in projects for CAC and Coinplex.
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