Record Sales | InvestmentWatch

Why on earth would a government seek to control the sale of a few ounces of silver?

From International Man:

Recently, a reader, Harry Morgan, [described] a problem that he encountered in selling 10 ounces of silver to a local jewelry store.

Mr. Morgan was successful in selling his silver to the store, but before the transaction could be made, he had to submit to mandatory fingerprinting. He then found that payment for precious metals in excess of $600 must be by cheque, necessitating a deposit into a bank [...]

Gold Caps Biggest Gain in Almost Three Weeks – Silver Eagles Record Sales as Investors Seek Alternative to U.S. Dollar

Powerball selling 100,000 tickets per minute!!!

Half-billion dollar jackpot generating unprecedented sales

MUSL also expects to award $70 million in non-jackpot cash prizes Wednesday

By Todd Northrop

Player enthusiasm nationwide for Wednesday night’s Powerball jackpot, the largest in Powerball history, has resulted in record sales leading to an increase today in the estimated jackpot amount to $500 million — currently the largest in the world, and the second largest jackpot in U.S. lottery history.

Besides the jackpot, Powerball is expected [...]

GOVT MOTORS Inflates Sales by Selling — to the Government!

The Jurassic Press was in full-throated ObamaChorus mode in reporting on General Motors (GM)’s allegedly strong June sales.

Very few failed to receive the sheet music.

General Motors June US Car Sales Rocket 16%?

GM’s June sales up 16%, show broad-based growth

GM June U.S. Sales Up 16%?

Mentioned was that We the Taxpayers were conscripted to bailout GM to the tune of $50 billion.

General Motors’ US sales up 16% in June?

General Motors (GM) Shifts Gears [...]

Proof of U.S. Greater Depression

Written by Jeff NielsonWednesday, 15 February 2012 14:47

It has become increasingly difficult to engage in credible economic analysis, especially with respect to the U.S. economy. The problem: ever more limited sources of uncorrupted data, while the farcical “official statistics” have long since been totally divorced from the real world.

Fortunately we have been presented with some raw, uncorrupted data which demonstrates in conclusive terms that the U.S. economy is literally shriveling [...]

The Stimulus Has Worn Off: We’re On Pace For The Lowest New Home Sales Ever

Alejandro Lazo at the LA Times wrote today: New home sales stuck at the bottom in August

“This year is shaping up to be the worst year on record for new home sales,” [Patrick Newport, U.S. economist with IHS Global Insight] wrote in a note.

The Census Bureau started tracking New Home sales in 1963, and the record low was 412,000 in 1982 – until that record was broken in 2009 [...]

Absolute Must Read: Surge in gold and silver ownership worldwide as doomsday nears

LONDON -

As the implications of the global financial crisis are at long last beginning to filter through to the general public, the move to dump cash and other savings forms in favour of gold and silver – notably in the easily accessible and sellable coin form is now really beginning to gather momentum and is becoming a major driver of the precious metals markets.

We have [...]

Mike Krieger: “In the first 12 days of January 3.4 million silver eagles have been sold. I have never seen anything like this. The amount of physical being taken off the market on this paper sell off is EXTRAORDINARY.

by zh

A quick glance at the tally today, shows that something very scary is going on. In the subsequent three days, the number has surged by 50% and has hit 3,407,000 ounces of silver! In just the first 12 days of the month we have already surpassed the total monthly sales of 9 separate months of 2010.

And some additional observations on what is becoming a physical buying frenzy from CoinNews.net:

An [...]

Housing data: May, June and July at record low sales while supply skyrockets

Sellers have slashed prices each month since May and sales still at record lows for all those months

Mortgage applications fall for several weeks now despite huge supply and record low interest rates.

This is the best time to buy a home and no one is buying….that tells you how bad things are…..we are going over a cliff and the USA will lose another couple trillion in property value and that means [...]

New Home Sales: Worst June on Record

Annualized New Home sales

1996 700,000
1998 800,000
2000 875,000
2002 900,000
2004 1,190,000
2006 1,300,000
2008 550,000
2010 330,000

If it wasn’t for a lack of context there would be no news.

From calculatedriskblog:

Ignore all the month to previous month comparisons. May was revised down sharply and that makes the increase look significant. Here is the bottom line: this was the worst June for new home sales on record.

The Census Bureau reports New Home [...]

InvestmentWatch