by Phoenix Capital Research
After the market’s close on Friday, Jon Hilsenrath at theWall Street Journal released an article implying that the Fed might remove or reduce its QE programs before the year end.
The reason this matters is because Hilsenrath is thought to be an unofficial mouthpiece for the Fed. Time and again he’s released articles hinting at the Fed’s future policies in advance. And many believe senior Fed officials such as Bernanke [...]
London Gold Market Report
from Ben Traynor, BullionVault
Thursday 18 April 2013, 08:00 EST
Asia “Buys the Dip” in Gold, Western Physical Demand Also Jumps But ETF Outflows Continue
WHOLESALE prices for buying gold climbed briefly above $1400 an ounce Thursday morning, having bounced from a $50-an-ounce drop overnight, with dealers reporting strong demand for physical bullion in Asia.
In Hong Kong and Macau, the number of customers visiting stores run by the world’s biggest jewelry [...]
Secession: Exploding Movement, Tempest In a Teapot … Or Something Else?
A lot of attention is being given to the fact that residents in all 50 states have filed petitions to secedefrom the United States.
Daily Caller reports:
By 6:00 a.m. EST Wednesday, more than 675,000 digital signatures appeared on 69 separate secession petitions covering all 50 states, according to a Daily Caller analysis of requests lodged with the White House’s “We the People” online petition [...]
Less than a week after a New Orleans suburbanite petitioned the White House to allow Louisiana to secede from the United States, petitions from seven states have collected enough signatures to trigger a promised review from the Obama administration.
By 6:00 a.m. EST Wednesday, more than 675,000 digital signatures appeared on 69 separate secession petitions covering all 50 states, according to a Daily Caller analysis of requests lodged with the White House’s “We the People” online [...]
After what we have seen this November, how is any American ever supposed to trust the integrity of our elections ever again? There were over 70,000 reports of voting problems on election day, and there are numerous eyewitnesses that claim that they saw voting machines change votes for one candidate to another candidate right in front of their eyes. In several of the swing states there were counties where [...]
This is now the third consecutive presidential election in which I have made my state-by-state predictions for Blogcritics Magazine. In 2004, I was pretty good. In 2008, I was pretty bad. So I suppose we can consider 2012 to be the rubber match, or something.
What follows are the states that Barack Obama will carry easily, along with the number of Electoral College Votes for each state:
California – 55
Washington – 12
Hawaii – 4
AFP - Costa Rica is set to be the first country in the American continent to ban recreational hunting after the country’s legislature approved the popular measure by a wide margin.
The bill, which bans hunting for sport but still allows culling and subsistence hunting, was approved late Tuesday by a 41-5 vote. Congress will revisit the issue on Thursday, but the second round is seen as just a formality.
President Laura Chinchilla, [...]
The amount of sea ice in the Arctic has fallen to the lowest level on record, a confirmation of the drastic warming in the region and a likely harbinger of larger changes to come.
Satellites tracking the extent of the sea ice found over the weekend that it covered about 1.58 million square miles, or less than 30 percent of the Arctic Ocean’s surface, scientists said. That is only slightly below [...]
The House of Representatives approved Texas Republican Rep. Ron Paul’s “Federal Reserve Transparency Act of 2012? by a wide margin in a 327-98 vote Wednesday. But lost in the bipartisan revelry was the fact that eight co-sponsors of the legislation actually voted against it.
Spokesmen for each of these congressmen were contacted by The Daily Caller on Thursday, and none were keen on providing an explanation.
The bill would allow the Government [...]
With the heat-wave in Southern Europe, the missing Monsoon, and the earth-cracking drought in the US, it is no surprise that corn, wheat, and soymeal prices are soaring as crop yields plunge. The level of inventories were already low going in and as Bloomberg notes, consumers around the world will feel the effect of higher food prices as the worst drought in 50 years impact the world’s largest exporter of [...]
The tea party, big-spending PACs and challenger Dan Liljenquist failed Tuesday to force 78-year-old Orrin Hatch into retirement. The self-proclaimed “tough old bird” flew easily through the GOP primary, so now only Democrat Scott Howell stands between him and a record-shattering seventh term.
“I’m very energized by all this,” Hatch said as it became clear he would likely win by a wide margin. “This will give us an opportunity to help [...]
Greeks pulled their cash out of the banks and stocked up with food ahead of a cliffhanger election on Sunday that many fear will result in the country being forced out of the euro.
Bankers said up to 800 million euros ($1 billion) were leaving major banks daily and retailers said some of the money was being used to buy pasta and canned goods, as fears of returning to the drachma [...]
WASHINGTON — Recent polls have pointed toward a victory for Republican Gov. Scott Walker in Wisconsin’s June 5 recall election. But here’s the clearest evidence to date that national Democratic party officials believe their side is losing: Democratic officials are playing down the potential impact.
Democratic National Committee Chairwoman Rep. Debbie Wasserman Schultz (D-Fla.) insisted in a television interview that a loss for the Democratic candidate in the recall, Milwaukee Mayor Tom Barrett, wouldn’t have [...]
UPDATE: American Idol was adjusted up to a 6.4 adults 18-49 rating in the finals, making the drop from last year 30%. It is still the lowest-rated Idol finale by a wide margin. Also adjusted up by a tenth in the final ratings are ABC’s Modern Family (4.1/11) and Law & Order: SVU (2.0/5), while Don’t Trust The B— was adjusted down to a 2.4/6.
PREVIOUS: Given that American Idolhad been tracking 30% lower than last season, this is not [...]
#1 Right now, approximately 36 percent of all Americans are obese. It is being projected that number will rise to 42 percent by 2030.
#2 Back in 1962, only 13 percent of all Americans were obese.
#3 Medical costs related to obesity in the United States are estimated to be approximately $147 billion a year.
#4 All over America, our infrastructure is crumbling. For example, in the most populated county in Alabama potholes the size of pizzas now litter the roads.
#5 The average American family purchases 200 pounds of meat per [...]
CBS News Poll analysis by the CBS News Polling Unit: Sarah Dutton, Jennifer De Pinto, Fred Backus and Anthony Salvanto.
A new CBS News/New York Times poll shows Rick Santorum holding a very slight lead over Mitt Romney among Republican primary voters across the nation, but GOP voters increasingly expect Romney to eventually win the nomination.
In the survey conducted between March 7 and March 11, 34 percent of Republican primary voters [...]
The American Dream
Monday, March 5, 2012
Is the USA still #1? Well, there are many things that America is still the best in the world at, but unfortunately a lot of those categories are nothing to be proud of. Once upon a time the United States was the greatest nation on earth, but now we are a nation that is in a horrific state of decline.
Just consider a few of the [...]
Voters in Tuesday’s Florida Republican primary chose Mitt Romney as the candidate best able to beat President Barack Obama in the fall, preferring electability over ideology in lifting the former Massachusetts governor to a broad victory despite concerns that his issue positions are not conservative enough.
ROMNEY RECAPTURES ELECTABILTY: A majority of Florida GOP voters said Romney is the candidate best able to beat Obama in a general election matchup; only [...]
By Dec. 1985 the Eurocurrency market was estimated by Morgan Guarantee bank to have a net size of 1,668B, of which 75% are likely eurodollars  . since it is not responsible to any government agency its growth is hard to estimate. The Eurodollar market is by a wide margin the largest source of global finance. In 1997, nearly 90% of all international loans were made this way .
The Eurodollar futures contract refers to [...]
The primarily sovereign credit crunch in Europe, which has resulted in part due to the ECB’s disastrous, and since reversed decision just like in 2008, to hike rates early in the year, only to go ahead and not only cut but expand its balance sheet by a record EUR 800 billion in the past six months, has finally started trickling down to the corporate, and more importantly financial levels, where [...]
Buckle up, buttercups, because the EU has only two options at this point (and I say that HOPING someone can prove me wrong when making the following assertion, which I’ve been asserting for at least 3 months):
The EU can either:
1) Wind up the EU, essentially declaring it a failed project, given the massive cultural and economic disparities between its very disparate members, and initiate an orderly shutting down of the [...]
We are never going to restore legitimacy to our political system until we get the money out of politics. Typically, in federal elections the candidate that raises the most money wins about 90 percent of the time. In 2008, Barack Obama raised almost twice as much money as John McCain did. 3 of the top 7 donors to Obama’s campaign were big Wall Street banks (Goldman Sachs, JPMorgan Chase and Citigroup). [...]
lawmakers approved by a wide margin legislation to boost the scope and
size of the euro zone’s rescue fund, in a major step toward tackling the
bloc’s sovereign-debt crisis.
passed the reform of the European Financial Stability Facility with 523
‘yes’ votes, while 85 lawmakers voted ‘no’ and three abstained. The
vote was seen as a test of Chancellor Angela Merkel’s center-right
17 euro-zone governments have to approve the expansion, which will
boost the fund’s lending [...]
From Damien Cleusix
Once more our strategy to buy gold implied volatility when it fell below 16 has worked as expected (and as it has in the past few years since we have started recommending it).
We buy the volatility to hedge our long position. What is interesting, and one of the big reason we have been doing this in the past and insisted on the concept [...]
Is the United States “number one”? Many Americans take deep pride in their nation and the truth is that the U.S. has a lot going for it. The United States has the largest economy in the world. The United States also has the most powerful military on the entire planet. The United States has produced most of the greatest movies that the world has ever [...]
Mitt Romney has secured his frontrunner status among Republicans seeking to challenge Barack Obama for the White House in 2012, outstripping his competitors in fundraising during the first quarter of the campaign.
Next year’s US presidential election is expected to be the most expensive yet by a wide margin, with Mr Obama aiming to raise more than $1bn alone, a figure his Republican opponent [...]