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Category Archives: resistance

It’s Jiffy Pop Time! Gold and Stock Markets Weekly Wrap Up

11 Friday Sep 2009

Posted by jschulmansr in 10 year Treasuries, 20 yr Treasuries, AUY, Bailout News, banking crisis, banks, bear market, bilderbergers, bonds, central banks, China, Comex, commodities, Contrarian, Copper, crash, Credit Default, Crude Oil, Currencies, currency, Currency and Currencies, deflation, DGP, DGZ, dollar denominated, dollar denominated investments, Dow Industrials, economic, Economic Recovery, economic trends, economy, Fed Fund Rate, Federal Deficit, federal reserve, Finance, financial, follow the money, follow the news, Forex, Fundamental Analysis, futures, futures markets, G-20, gata, GLD, gold, Gold Bubble, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, heating oil, how to change, How To Invest, hyper-inflation, India, inflation, Investing, investments, Jeffrey Nichols, Jschulmansr, Junior Gold Miners, Latest News, Make Money Investing, manipulation, market crash, Markets, mid-tier, mining companies, mining stocks, monetization, Moving Averages, NASDQ, natural gas, Natural Resources, oil, physical gold, platinum, platinum miners, precious metals, price, price manipulation, prices, producers, production, rare earth metals, resistance, run on banks, S&P 500, silver, silver miners, Silver Price Manipulation, SLV, sovereign, spot, spot price, stagflation, Stimulus, stock market, Stocks, Strategic Metals, Strategic Minerals, Strategic Resources, TARP, Technical Analysis, The Fed, Tier 1, Tier 2, Tier 3, Today, Treasury, U.S., u.s. constitution, U.S. Dollar, U.S. Government unfunded Debt, U.S. Treasury Dept

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ANV, Austrian school, AUY, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, bonds, Brian Tang, bull market, CDE, CEF, central banks, China, cobalt, Comex, Copper, crash, Currencies, currency, Currency and Currencies, Dennis Gartman, DGP, dollar denominated, dollar denominated investments, Doug Casey, EGO, Federal Deficit, Forex, FRG, gata, GDX, geothermal, GG, GLD, Gold Bullion, Gold Investments, gold miners, Gold Price Manipulation, Green Energy, GTU, HL, hyper-inflation, IAU, India, investments, Jeffrey Nichols, Jim Rogers, John Embry, Jschulmansr, Keith Fitz-Gerald, majors, Marc Faber, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, NAK, NGC, NXG, PAL, Peter Grandich, Peter Schiff, platinum miners, power, prices, producers, production, Sean Rakhimov, silver miners, SLW, small caps, stagflation, SWC, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

It’s Jiffy Pop Time and the Gold market is just starting to pop, pop, pop. The heat is being generated by the whirring printing presses at the U.S. Treasury; which are running full steam ahead, unabated, and with no prospect of turning them off. This forms the stove with Inflation, (soon to be Hyper-Inflation) are the burners, blazing red hot. Extra energy is coming from the falling dollar and rising prices/Inflation regardless of what the manipulated Government reports may say. True Inflation right now is approximately 18%+. The tin foil on the Jiffy Pop is starting to rise and Gold has closed today at an 18 month high. We are moving out of the deflation stage and into the inflation stage, if Bernanke is truly dedicated to saving the U.S. economy the he need to tell Geitner to turn off the presses now. We have already doubled, no almost tripled the amount of dollars in circulation now; just in the last 8 months.

The popping is growing louder and mmm- the smell of fresh popped Jiffy Pop Popcorn. The heat is high and I hope you are on the right side of the markets- especially Gold and Precious Metals and in Stocks. For Gold in the coming week I fully expect we will take out the $1033 high. I would not be upset if we built a base down here around $1000 –  $1015 during the next few days and closing out next week at $1025 – $1040. This thrust will take us up to $1075- $1100 Then a retracement to back to $1025-$1033 before taking out $1100; and then getting to $1250 – $1300 by the end of the year. We will see a futile attempt to prop up the U.S. Dollar but there is nothing they can do short of raising Interest rates which will sink the fledgling recovery. Oil wil come back and take out first $75 a barrel and then $100 a barrel by the end of the year.

On stocks, I made a mistake on the wave/formation pattern, I still feel we are in the process of creating a head and shoulders top, the exception is that we are still forming the head. I think we will top out the head at DJI 9750- 9800. From there it will be a vicious drop off the cliff preceded by a short right shoulder buildup. I think the big crash is going to occur very soon in the next few weeks. Keep your stops very tight and get ready to play the downside.

I initiated two positions Thurs late afternoon, I bought (DGP) at 2245 and I sold (DGZ) at $22.60. I am getting ready to buy Dec call options for (GLD) and (RGLD) on Monday. You can follow my trades on twitter right after I initiate them.

Have a Great Investing Day! –

Follow Me on Twitter and be notified whenever I make a new post!

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Four Keys To Gold’s Next Move – Seeking Alpha

By Jeffrey Nichols of Nichols On Gold

Gold may have moved too high too soon . . . but whether or not the metal manages to recoup and hold onto recent gains near or above the $1000 an ounce level in the days immediately ahead . . . we are nevertheless looking for new highs (above $1032) in the closing months of the year with gold possibly at $1200 or $1300 before the New Year.

Key One: India

I’ve just returned from India, one of the most crucial markets for gold with a long history and big appetite for the yellow metal. What happens next for gold may depend most on the strength — or weakness — of Indian buying. And, Indian buying is both price sensitive and in sync with various holidays, festivals, and the wedding seasons.

With current rupee-denominated prices near historic highs, many are waiting either for a correction or evidence of staying power before returning to the market for new purchases. And while festival and wedding-related buying is expected later this month, the two-week period up to September 19th is considered inauspicious for gold purchases and many potential buyers will wait until later in the month.

If gold can remain near $1000 for the next week or two, giving Indians a sense of confidence that the price is not about to retreat, we can imagine stronger buying interest sufficient to get the price moving toward its previous historic peak and beyond into uncharted territory.

Key Two: China

Official — but unreported — buying on behalf of the central bank and possibly the country’s sovereign wealth fund, the China Investment Corporation, is being joined by growing private-sector demand for both investment bars and jewelry.

Press reports suggest that the Chinese government has adopted a new — more positive — attitude toward private-sector buying of both gold and silver. With China now the number one gold-mining country, it is in their interest to see a higher gold price as long as demand can be satisfied by domestic mine production and scrap reflows. Additionally, it has been suggested that the new pro-gold policy is intended to channel speculative funds away from real estate and equity investments.

The recently announced agreement for the People’s Bank of China to purchase from the International Monetary Fund about $50 billion in SDR-denominated, IMF-issued interest-bearing securities has also contributed to the latest round of dollar selling . . . and, to the extent that dollar weakness is a plus for gold, this has also supported the early September gold rally.

Key Three: Barrick

Barrick Gold’s (ABX) smart move to buy back its gold hedge position provided a temporary booster shot that helped propel the yellow metal through the $1000 an ounce barrier.

If I remember correctly, as of midyear, Barrick — the world’s largest gold-mine producer — had about 168 tons of gold outstanding on its hedge book . . . and would have to buy back this quantity to regain full exposure to future gold-price moves.

Anticipating an announcement effect, Barrick most likely accelerated its gold repurchase program in the days leading up to the September 7th announcement and probably paused to let the market recover from the news and prices to back off a bit before it resumes its repurchase program. With another tranche still to be repurchased in the months ahead, I expect Barrick to buy into price weakness, helping to underpin the price at moments of weakness.

Key Four: Monetary Factors

Of course, clients and readers of NicholsOnGold know that we think U.S. monetary policy and money supply growth are the primary determinants of U.S. price inflation, U.S. dollar performance, and the future price of gold. Last weekend’s communique from the G20 Finance Ministers and Central Bank Governors was a reminder that monetary stimulus is likely to stay for some time. This — along with last week’s report from the United Nations critical of the U.S. dollar’s roll as a global reserve asset — has pushed the dollar lower in foreign-exchange markets to the benefit of gold.

If you haven’t already read the full text of my speech to the 6th Annual India International Gold Convention in Goa, India last week, I suggest you take a look for more about gold’s supply/demand situation, important changes in central bank gold policies, and implications of U.S. monetary policy.

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How to Trade Natural Gas, Crude Oil and Gold ETF Funds – Seeking Alpha

By: Chris Vermeulen of The Gold and Oil Guy

How to trade hot commodities like natural gas, oil and gold? We should see big moves in the coming weeks as gas bottoms, and oil and gold breakout or breakdown. A lot of money is going to be exchanging hands quickly and the key is to be on the receiving end of things. Below are some charts showing where these commodities are trading.

How to Trade Gold – Weekly Chart

How I trade gold is relatively straight forward. I use a simple trading model which allows me to identify the down side risk for a potential gold trade. I also use the same model for trading oil, gas and silver.

Beyond finding good entry points, it is crucial to know when to take some profits off the table. The weekly gold chart clearly shows gold trading at a resistance level which means there are going to be more sellers than buyers, hence the reason it is called resistance.

To trade gold I enter with my low risk entry points and sell half my position once I reach a resistance level. Thursday for example gold moved up into this long term resistance level and then started to head south. We took some profits off the table before gold dipped in the late afternoon for a healthy gain. Taking profits is a must or you’ll simply hold onto winning positions until they eventually turn into a loser.

Gold Resistance Level

How to Trade Crude Oil – Weekly Chart

Trading crude oil is exciting because it moves much faster than gold. How to trade crude oil with low risk can be done by using my simple trading model which is a combination of indicators like momentum, support & resistance, volume, price patterns and media coverage. All these things combined allow for highly accurate trades with minimal down side risk.

Crude oil looks ready to make a big move. The odds are pointing to higher prices because oil has a multi month bullish price action and the falling US dollar helps increase the price of oil. I can see oil breakout and rally into the $95 per barrel level if things go that way in the coming weeks.

Crude Oil Trading Newsletter

How to Trade Oil (USO Fund) – Weekly Chart

USO tracks similarly to the price of crude oil and it provides some great trades for both swing traders and day traders. I focus on trades that bounce off support with low downside risks, which occur on both the daily and weekly charts.

How to trade USO

How to Trade Natural Gas – Weekly Chart

Natural gas is looking ready to bottom here. If you go back to the early 90’s the $2-3 range is a major support level. While I don’t generally try to pick bottoms, there are some signature price patterns and volume patterns that have proven to be very profitable for catching sharp bounces.

How to trade Natural Gas

How to Trade Natural Gas – Daily Chart

The daily chart shows a perfect waterfall sell off with the price of natural gas dropping to a long term support level. This pattern combination shows panic selling which indicates a short term bottom is close.

The extreme panic selling and sharp decline in price, removes much of the down side risk. Scaling into a position over a few days, if the price continues to move lower, is important for this strategy to work its magic.

The black horizontal lines show my resistance levels for taking profits. If the price were to drop below $10 then I would exit the second half of the position to lock in the rest of the profit.

How to trade UNG

How to Trade Commodities Conclusion:

Trading commodities is very simple with all the ETFs and funds available. The energy funds like oil and gas have some issues with following the prices of their underlying commodity but I do not find it a problem with my style of trading.

I would really like to know the entire story about what is going on with the oil and nat gas funds which have crazy contango issues. Why do other commodity funds like GLD (gold bullion) and SLV (silver bullion) not have these issues? Why can’t they make a fund which follows oil and gas properly? All I know is that there are a lot of dishonest people in the financial industry taking honest hard working peoples’ money.

Visit The Gold and Oil Guy

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(9-11 Postscript): I salute the fallen hero’s of 9-11 – we will not forget you! Our prayers are still with the families of the fallen and the survivors. We will never forget…

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I will be starting regular daily posts next week especially since the markets are heating up- Like I said it’s “Jiffy Pop” time! – Have a great weekend-jschulmansr

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Nothing in today’s post should be considered as an offer to buy or sell any securities or other investments; it is presented for informational purposes only. As a good investor, consult your Investment Advisor/s, Do Your Due Diligence, Read All Prospectus/s and related information carefully before you make any investing decisions and/or investments. –  jschulmansr

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Twitter and Tweeting – The Basics plus Gold Update

18 Wednesday Feb 2009

Posted by jschulmansr in Bailout News, banking crisis, bull market, Comex, commodities, Copper, Currencies, currency, Currency and Currencies, DGP, dollar denominated, dollar denominated investments, economic, Economic Recovery, economic trends, economy, Finance, financial, Forex, futures markets, GDX, GLD, gold, Gold Bullion, Gold Investments, gold miners, hard assets, How To Invest, How To Make Money, IAU, inflation, Investing, investments, Junior Gold Miners, Latest News, majors, Make Money Investing, market crash, Markets, mid-tier, mining companies, mining stocks, palladium, physical gold, platinum, platinum miners, precious metals, price, price manipulation, prices, producers, production, recession, resistance, risk, run on banks, silver, silver miners, spot, spot price, stagflation, Stimulus, Stocks, TARP, Technical Analysis, The Fed, Tier 1, Tier 2, Tier 3, TIPS, Today, Tweeting, Twitter, U.S. Dollar, XAU

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#(subject), @replies, advertising, appscout, ask for help, Austrian school, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, Brian Tang, bull market, categorize your tweets, cell phone, central banks, China, Comex, commodities, Copper, Currencies, currency, deflation, Dennis Gartman, depression, desktop client, DGP, direct-messaging, dollar denominated, dollar denominated investments, Doug Casey, economic, economic trends, economy, Federal Deficit, financial, follow the news, Forex, futures, futures markets, gata, GDX, gearlog, GLD, gold, gold miners, hard assets, how to use twitter, hyper-inflation, IAU, India, inflation, investments, Jeffrey Nichols, Jim Rogers, Keith Fitz-Gerald, majors, Marc Faber, market crash, Markets, Michael Zielinski, mid-tier, mining companies, mobile client, monetization, Moving Averages, palladium, pcmag, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, pockettweets, pr, precious metals, price, price manipulation, prices, producers, production, promote, promotion, protection, recession, risk, RT, run on banks, safety, Sean Rakhimov, search, search twitter, search.twitter.com, silver, silver miners, small caps, sovereign, spot, spot price, stagflation, tag, tag and search, Technical Analysis, text message, tiny url, TIPS, tricks, tweet from your phone, tweetdeck, Tweeting, tweets, twhirl, twidroid, twitpic, Twitter, twitter for beginners, twitterberry, TwitterFox, twitterific, twitterverse, U.S., U.S. Dollar, use @, volatility, warrants, XAU

Have you ever Tweeted? In this Special Edition of Dare Something Worthy Today Too!, In this special edition I am including articles dedicated to Twitter and Tweeting Basics. In my earlier post today I stated Gold was consolidating for another thrust to test the All Time High of $1003 an oz. Gold was trading around the $965 level. Now checkout what happened… – Good Investing and Good Tweeting! -jschulmansr

ps-after today’s action it seems like every “forecaster” is now finally heralding a “New” Bull market in Gold. How much money do these guys charge? If you have been following this blog and my notes you would be up $150+ oz in Physical Gold, not to mention some excellent gains in Gold Stocks too, and for Free! Remember you heard it here first! – jschulmansr

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Gold tops $980 as safety buying continues – MarketWatch

Source: MarketWatch

METALS STOCKS

Gold up for second day as safety

buying continues

By Moming Zhou, MarketWatch
Last update: 2:24 p.m. EST Feb. 18, 2009
 
NEW YORK (MarketWatch) — Gold futures rose Wednesday for a second session, ending at the highest level in seven months after briefly hitting $980 an ounce, as safe-haven buying continued.
 
 
Meanwhile, holdings in the biggest gold exchange-traded fund surpassed 1,000 tons for the first time ever, according to latest data.
 
Gold for February delivery ended up $10.70, or 1.1%, at $977.70 an ounce on the Comex division of the New York Mercantile Exchange, the highest closing level for a front-month contract since July 15, when gold closed at the same price.
 
The February contract, which expires on Feb. 25, rose to $980.80 earlier. Trading more actively, the April contract also ended higher at $978.20.
Gold is now about $26 below its all-time high above $1,003 an ounce, hit in March 2008. Talk of “gunning for the $1,000 level” should keep buyers at the helm, said Jon Nadler, senior analyst at Kitco Bullion Dealers.
 
Helping gold prices hold firm Wednesday was more gloomy news from the U.S. economy.
 
Construction on new U.S. housing units plunged 16.8% to a seasonally adjusted annual rate of 466,000, the Commerce Department reported Wednesday, with housing starts now far below the weakest levels of construction in the post-World War II era.
 
Such news tends to boost gold prices, as some investors buy the metal as a safe haven against economic troubles.
 
Meanwhile, the Obama administration released details Wednesday of a program to help millions of at-risk homeowners modify their mortgages. See full story on Obama housing plan.
 
Demand surpasses $100 billion
 
Demand for gold surpassed $100 billion last year for the first time ever, amid increased industrial and jewelry consumption and investors’ purchase of the metal as a safe haven, the World Gold Council reported Wednesday.
 
Gold demand — including jewelry consumption, industrial demand and identifiable investments such as bars, coins and gold exchange-traded funds — hit $102 billion in 2008, up 29% from a year ago.
In tonnage terms, gold demand rose 4% to 3,659 tons, the WGC said
Gold holdings in SPDR Gold Shares, the largest gold exchange-traded fund, rose to 1,008.80 tons Tuesday, surpassing the 1,000 ton level for the first time, according to latest data from the fund. The total was up more than 200 tons from a month ago.
 
The SPDR Gold Trust GLD 96.44, +0.99, +1.0%) gained 1.1% to $96.45.
 
In spot trading, the London afternoon gold-fixing price — a benchmark for gold traded directly between big institutions — stood at $964 an ounce Wednesday, down $4 from the previous day.
 
Other metals, equities
 
In other metals trading, March copper rose 1% to $1.436 a pound, while March silver gained 2% to $14.29 an ounce.
March palladium added 0.5% to $219.10 an ounce, and the April contract for sister metal platinum rose slightly to $1,098.90 an ounce.
 
In equities, shares of Barrick Gold Corp. (ABX 37.88, +0.59, +1.6%) , the world’s largest gold-mining company, added 2.2% to $38.13, while Goldcorp Inc. (GG 32.14, +0.30, +0.9%) gained 1.6% to $32.36, and South Africa’s Gold Fields Ltd. (GFI 11.79, -0.04, -0.3%) was up 0.3% to $11.85.
 
The Amex Gold Bugs Index (HUI 320.54, +1.35, +0.4%) , which tracks the share prices of major gold companies, gained 0.7% to 321.41.
 
The iShares Gold Trust ETF (IAU 96.48, +0.94, +1.0%) rose 1% to $96.50, while the iShares Silver Trust ETF (SLV 14.20, +0.21, +1.5%) rose 1.4% to $14.18. End of Story
 
Moming Zhou is a MarketWatch reporter based in New York.
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Twitter and Tweeting – The Basics
 
Top 10 Twitter Tips for Beginners – PC Magazine
 
 by Sean Ludwig
 
Ready to jump into Twitter, but don’t know how to get started? Follow these 10 tips and you’ll fit right in.
 
Is it finally time to take the Twitter plunge? The free service that lets users micro-blog 140 characters at a time had accumulated around 1.9 million users as of December 2008, according to comScore. If you are just now jumping on the Twitter bandwagon, or are intimidated by your inexperience with Twitter etiquette and acronyms, allow us to share some Twittery tips that will make your experience easier and more enjoyable.
1. Shrink Your URLs
Shrink Your URLs
 
 One of the most common uses of Twitter is sharing links. But you only have 140 characters to work with, so instead of sharing a long URL, use one of several URL-shortening services to shrink that link. Some of our favorites include tinyurl.com, is.gd, ow.ly, and bit.ly. 
2. RT = Retweet
2. RT = Retweet
If you want to copy and paste someone else’s tweet, that’s totally accepted and appreciated, as long as you give the original tweeter credit for it. Just put “RT @name” in front of their tweet and post it yourself.
3. Direct Messaging
Direct Messaging
With Twitter’s direct-messaging (DM) function, you can send a private 140-character message to another user, kind of like abbreviated e-mail. However, you can only direct message Twitter users that are following you.
4. Use the @ Sign
Use the @ Sign
To create a reply or to give someone props on Twitter, simply place an @ sign in front of their Twitter name. If it is a reply, the @ sign must be the first character of the tweet. To see replies to your own tweets, click on @Replies from your profile page.
5. Search For Your Friends
Search For Your Friends
Search.twitter.com works well for finding your friends, celebrities, or organizations, or for searching for specific topics you’re interested in.  
6. Categorize Your Tweets for Added Visibility    
 

Categorize Your Tweets for Added Visibility
If you’re tweeting about a popular subject (Obama, Lost, etc) putting a # in front of the subject makes it easy for others to find your tweet, and perhaps they will want to follow you. For example, when the plane crashed into the Hudson River in January, #flight1549 became a popular tag and search term.
7. Share Pictures
Share Pictures
People love sharing their photos with the world, and some even break news with them, like Janis Krums, who used TwitPic to post one of the first up-close photos of Flight 1549 on his Twitter feed. Services like TwitPic let users easily upload their photos and post them directly to Twitter.
8. Tweet from Your Phone
Tweet from Your Phone
Twitter allows you to update your status and receive updates via text message. Under Settings, go to the Devices tab and enter your phone number to start sending and receiving mobile tweets. If your incoming tweets/texts are overwhelming you, disable this option by going back to the same panel and following the instructions.
9. Pick a Good Desktop Client
Pick a Good Desktop Client
With desktop clients such as TweetDeck, Twhirl, and TwitterFox, you can receive tweets in a much more manageable fashion, especially if you follow a lot of people, respond often, and use direct messages a lot. TweetDeck, for example, allows you to create specific groups, if you want to split your feed into individual columns.
10. Download a Mobile Client
Download a Mobile Client
If you have a BlackBerry, an iPhone, or another smartphone with Wi-Fi or 3G access, a mobile client might be a better option than using text messages. Mobile Twitter clients worth checking out include Twitterific, TwitterBerry, PocketTweets, and Twidroid. You can even follow PCMag on Twitter! Find us at http://twitter.com/pcmag, and follow AppScout and Gearlog too!
=======================
My Note: you can follow me on Twitter too!
http://twitter.com/jschulmansr  or click here.
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Six Ways to Make Twitter Useful – PC Magazine
Source: PCMAG.com by Nick Douglas

02.17.09

Twitter’s usefulness goes far beyond finding out what strangers ate for lunch. Read breaking news, get customer service, or even chat with your favorite celebrities.

Twitter is vapid, Twitter is narcissistic—Twitter is actually terribly useful if you can ignore knee-jerk backlash. The casual, instant nature of the service lends itself to solving small problems quickly, distributing live-on-the-scene news reports, and keeping track of people. Here are six easy ways to transform Twitter from a time sink into an indispensable tool.

 

Follow the News

In general, the Web at large is still a more complete news source. Twitter is for keeping track of one niche you care about, staying informed on a news-heavy day, and getting live updates from Twitter users on the scene (like from an Apple keynote or a plane crash in the Hudson River). @CNN posts headlines with story links, but I prefer the one-sentence story summaries on the unofficial @cnnbrk. @NYTimes posts headlines and links too, but it also follows the accounts of 80 NYT sections and writers. Other popular news feeds include @BreakingNewsOn, @nprnews, @weirdnews, @macrumors, @MarsPhoenix, @Astronautics, and several feeds from Digg. PCMag offers a feed for tech news, as do Gearlog and AppScout. You can also hand-roll feeds from a news site’s RSS using Twitterfeed, but don’t publicize it too hard lest the site owners complain.

Get Better Customer Service

Conducting customer service on Twitter doesn’t make much sense—for the company. It just won’t scale well once Twitter gets another ten million users. But right now you can get more attention than you deserve as a single customer by talking to one of these companies on Twitter: Zappos, Starbucks, Whole Foods, JetBlue, and many, many others. Next time you have a customer complaint, just Google the search string “[Company name] Twitter” to see if you can make your case in 140 characters. Or just post a gripe about the company or product and wait for someone in the Twitterverse to respond.

Ask for Help

As with blogs and forums, Twitter is a great place to ask questions you’re too lazy to find the answers for yourself. And the service is absolutely perfect for asking favors (“Can anyone help me move on Friday?”), gathering opinions (“Do organic bananas taste better?”), or getting advice (“How much RAM should I get for my new MacBook?”) Twitter takes a problem you can solve by spending 5 minutes at a computer and makes it solvable in 10 seconds from the produce aisle. Of course, this works best when your real-life friends are following you, as developer Owen Winkler explains. Especially if you ask your followers to help you lose weight. The flip side is that Twitter communication is meant to be two-way. Build your network of followers and your Twitter karma by jumping in with answers and help of your own.

Promote Your Work/Company

Again, Twitter isn’t the first service to solve this problem; the immediacy of the service just makes it a good option. If you don’t abuse it, you can use an occasional link to promote an app you’ve built, an article you’ve written, or a longer plea for someone to please, please help you move on Friday. Just keep it to three links a week; any more and you’ll alienate followers who already know about your work or couldn’t care less.

Keep Up with Friends

Other than entertaining strangers, this is my favorite use of Twitter. One message at a time, knowing who has a cold or who got in a fender bender is dull. But in aggregate, skimming your Twitter feed gives you a sixth sense about what your social circle is up to, what moods they’re in, whether they’re free for a drink that night and whether you’d better offer to pay. Unlike the more intense location-based services, Twitter still has a built-in casualness: You’re not necessarily asking people to meet you right here right now, you’re just asking if anyone’s free for lunch.

Meet Celebrities

Not all of the most-followed Twitter users pay attention to messages from their followers, but Brent Spiner (Star Trek‘s Data) is pretty friendly, as is comedian Stephen Fry. And if you have heroes in the tech media world, you’re set for life here.

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Final Note: Get involved in investing in precious metals whatever form, i.e. bullion, stocks, etf’s and etc. NOW!

I can be tweeted @jschulmansr or jschulmansr

Enjoy and Have A Great Evening! -jschulmansr

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Nothing in today’s post should be considered as an offer to buy or sell any securities or other investments; it is presented for informational purposes only. As a good investor, consult your Investment Advisor/s, Do Your Due Diligence, Read All Prospectus/s and related information carefully before you make any investing decisions and/or investments. –  jschulmansr

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Wake Up Call!

16 Monday Feb 2009

Posted by jschulmansr in 10 year Treasuries, 20 yr Treasuries, Bailout News, banks, Barack Obama, bear market, bull market, capitalism, central banks, China, Comex, commodities, Copper, Currencies, currency, Currency and Currencies, depression, dollar denominated, dollar denominated investments, economic, Economic Recovery, economic trends, economy, Federal Deficit, federal reserve, Finance, financial, Forex, Fundamental Analysis, futures markets, GDX, GLD, gold, Gold Bullion, Gold Investments, gold miners, hard assets, How To Invest, How To Make Money, hyper-inflation, inflation, Investing, investments, Japan, Jschulmansr, Junior Gold Miners, Latest News, majors, Make Money Investing, market crash, Markets, mid-tier, mining companies, mining stocks, monetization, palladium, Peter Brimelow, physical gold, platinum, platinum miners, precious metals, price, prices, producers, production, rare earth metals, recession, resistance, risk, run on banks, safety, Saudi Arabia, silver, silver miners, small caps, spot, spot price, stagflation, Stimulus, Stocks, The Fed, TIPS, Today, U.S. Dollar, uranium

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Austrian school, Bailout News, banking crisis, banks, bear market, Bollinger Bands Saudi Arabia, Brian Tang, bull market, central banks, China, Comex, commodities, Copper, Currencies, currency, deflation, Dennis Gartman, depression, dollar denominated, dollar denominated investments, Doug Casey, economic, economic trends, economy, Federal Deficit, financial, Forex, futures, futures markets, gata, GDX, GLD, gold, gold miners, hard assets, hyper-inflation, India, inflation, investments, Jeffrey Nichols, Jim Rogers, Keith Fitz-Gerald, majors, Marc Faber, market crash, Markets, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, Sean Rakhimov, silver, silver miners, small caps, sovereign, spot, spot price, stagflation, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

The U.S. Markets are closed today yet something very interesting is starting to happen. Can you sense it? The shift from deflation to inflation. The “smart money” big investors are sensing it and starting to jump into Gold in a big way! Gold Prices are holding steady overseas above the $935 support level. Todays articles show the why and how of this move by big money into Gold, read on… and Good Investing! – jschulmansr

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 Something still stirring in precious-metals pond – Market Watch

By: Peter Brimelow of Market Watch

With some wild swings, gold gained about 3% on the week, closing Friday at $941. The Phx Gold Silver Index (XAU:

Technicians were impressed. Long-term chartist Martin Pring is deflationary-minded at present. Two weeks ago, he remarked that if certain trend lines were broken, “I would be dragged kicking and screaming into the bullish camp”. But now he simply says in his recent weekly Intermarket Review: “Not much to add to my recent bullish comments. Both the metals and shares recently broke out of giant patterns … With our Global Gold Index at a new all-time high – enjoy the ride!”
Pring also flags a powerful conceptual reason for the gold move. Discussing a chart of the inflation proofed Treasuries, and using the iShares:Lehm TIPS TIPT as a proxy, Pring says: “Here we see the inflation protected bonds, or TIPs. Who needs these in a deflation? But look, the price just broke to the upside … and volume is expanding! When we look at the longer term we see it’s still in a primary bear market … However this week’s breakout suggests a turn is likely.”
In other words, the bond market is getting seriously concerned about inflation. See Website
The Privateer, being Australian, is even more direct in its weekly remarks: “Why is gold going up? It is certainly not in spite of the global mania for bailout programs now sweeping the world. It is because of these programs. The more ‘liquid’ the global financial powers that be make their money — by creating it in ever larger swathes — the more they run the risk that the world starts to look elsewhere for a viable and trustworthy way to exchange goods and services.”
The Privateer’s invaluable $US 5X3 point and figure chart has now broken above its last downtrend, although its proprietor would like more progress: “This week the chart got up to and just above the second of the two downtrends. The ‘poke’ above the line which came with Gold’s close above $U.S. 945 on Feb. 12 is not yet decisive, a close above $U.S. 960 would be.” See Website
Silver, which I reported last week was exciting the gold bugs by showing unusual leadership characteristics, persisted — rising 3.5% on the week, including on Friday despite gold’s fall, and pushing the Gold/Silver ratio to 68.9 from last week’s 69.5.
But the star of the week was the reported bullion holdings of Spdr Gold Trust. (GLD:
GLD is regarded with deep suspicion by the radical gold bugs who think the metal’s price is manipulated. But at the least it has to been seen as a measure of the Western Hemisphere investment appetite for gold.
In contrast, Le Metropole Cafe monitors Indian gold imports and reports that, unusual in the past few years, the world’s largest gold consumer is standing aside for now. See Website
Interestingly, two sentiment indicators did not react much this past week. Mark Hulbert’s HGNSI on Friday stood unchanged at 60.90%. MarketVane’s Bullish Consensus actually lost a point on Friday to 78%, gaining only 3 points on the week. See Website
In serious gold moves, MarketVane excursions into the 90s are reportedly common.
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Here is where I buy my Bullion, get one free gram of Gold just for opening an account! Catch the New Bull! – Buy Gold Online – Get 1 gram free! – Buy Safely, quickly, and at low prices, guaranteed! – Bullion Vault.com

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Major Investors Piling into Gold – Seeking Alpha
By: James West of Midas Letter

Endeavour Financial Corp (TSX:EDV) closed a $100 million equity offering last week, and several other “bought deal” financings point to a strengthening trend: major investors are piling into gold.

The Offering was underwritten by a syndicate co-led by GMP Securities L.P. and Canaccord Capital Corporation (the “Underwriters”). Endeavour will use the funds to support its investment activity in the mining sector with an emphasis in the short term on precious metals.

The first quarter of 2009 has seen well over $1 billion flow into near term and existing mining companies, which is a reflection of the strong gold price amid safe haven demand. With estimates of U.S. government spending reaching as high as $2 trillion, large value investors are increasingly deterred by U.S. Treasury related securities in favour of precious metals.

  • Newmont Mining (NYSE:NEM), one of the world’s largest gold mining companies, raised US$1.7 billion in a combined common share/convertible debt deal which it will use primarily to fund the acquisition of the remaining 33.33% interest in the Boddington project in Western Australia that it does not already own and the additional capital expenditures that will result from its increased ownership in the Boddington project, as well as for general corporate purposes. Citigroup Global Markets and J.P. Morgan Securities led the placement.
  • Freeport McMoran Copper and Gold (NYSE:FCX) raised US$740 million through the issuance of 26.8 million common shares at $28 per share;
  • Kinross Gold Corporation (KGC) announced a “bought deal” financing for US$360 through the issuance of 24,035,000 million common shares US$17.25 per common share. The underwriters were led by UBS Securities Canada Inc.;
  • Osisko Mining Corporation (OSKFF.PK) entered into another “bought deal” led by Thomas Weisel Partners and BMO Capital Markets. The offering of 77 million units at $CA4.55 a share will gross CA$350.4 million. Osisko is developing the 6.28 million ounce Canadian Malartic Project Quebec.

Smaller deals are becoming more common for junior emerging gold companies as well. Among the recent actions:

  • Centamin Egypt (CELTF.PK) raised $CA69 million through the issuance of 106.2 million shares at CA$0.65 per share for development and construction of the Sukari Project in Egypt. This financing was led by Thomas Weisel Partners and Cormark Securities.
  • Romarco Minerals Inc. (TSX.V:R) announced a bought deal Friday worth $20 million for the development of the Haile Gold Mine in South Carolina. Romarco issued 54 million units at $0.38 each. The financing was led by a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including Paradigm Capital Inc. and GMP Securities L.P.
  • International Tower Hill Mines (THM) sold 2 million common shares at $2.50 per share for gross proceeds of CA$5 million, which will be directed towards further development of its projects in Alaska and Nevada. The placement was a “bought deal” led by a syndicate of underwriters led by Canaccord Capital Corporation and including Genuity Capital Markets and GMP Securities L.P.
  • Exeter Resource Corporation (AMEX:XRA) raised CA$25.2 million at $2.40 a share for development of its assets in Argentina and Chile.

And it isn’t just gold that is attracting big financing. On February 10th, Uranium One (SXRZF.PK) announced a $270 million investment by a Japanese Consortium comprised of Tokyo Electric Power Company, Incorporated (TKECF.PK), Toshiba Corporation (TOSBF.PK), and The Japan Bank for International Cooperation.

Concurrently with the execution of the subscription agreement, Uranium One has also entered into a long-term off-take agreement and a strategic relationship agreement with the Japanese consortium, both of which will become effective upon closing of the private placement.

The off-take agreement provides the consortium with an option to purchase, on industry-standard terms, up to 20% of Uranium One’s available production from assets in respect of which Uranium One has the marketing rights.

Junior Uranium company First Uranium Corp. (FURAF.PK) was also the beneficiary of a bought deal financing led by Macquarie Capital Markets this week, which saw First Uranium place 20.5 million units of its shares at $3.00 per unit for gross proceeds of $61.5 million. First Uranium will direct the funds towards the development of the Ezulwini Mine in South Africa.

Endeavour Financial is followed by many analysts and newsletter writers for its robust project pipeline.

Brien Lundin, who publishes the Gold Newsletter, says one of the main reasons he follows Endeavour Financials is because of management – especially Mr. Frank Giustra. He says this team now senses a market bottom, as they are raising capital to go after assets that now cost a fraction of what they did last year, or even six months ago. He intimates strongly that his subscribers should do the same, using Endeavour as their proxy. A mix of entrepreneurial expertise and value investing, he outlines what the smart money is doing now.

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Here is where I buy my Bullion, get one free gram of Gold just for opening an account! Catch the New Bull! – Buy Gold Online – Get 1 gram free! – Buy Safely, quickly, and at low prices, guaranteed! – Bullion Vault.com

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Gold: Now Demonstrating Trust in Obama – Seeking Alpha

By: Boris Sobolev of Resource Stock Guide

Gold is Starting to Believe the Obama Administration

Despite making loud headlines about stimulating the economy, the US government has been unable to raise the level of optimism among the general public, while the stock market seemed to drop into a deep state of apathy.  

 

Last week we received the long-awaited economic stimulus packet as well as the so-called plan for the rescue of the US financial system. We have already voiced our skepticism regarding the structure of the stimulus and its potential effect on the economy in a prior article.

 

As far as the size of the $787 billion package, it is clear that it is too small and too spread out into 2010 and beyond to be called a stimulus. $787 billion is just 5.6% of the GDP and when spread over two years will account for just 2.8% at a time when many industrial economies around the world are contracting by 5-10% per year. It can only be called a life support package, not a stimulus.

Japan, which got into a deflationary spiral as a result of a real estate bust, spent much more than 100% of its GDP since 1991 just to see its economy stagnate. Construction related investment alone ate up $6.3 trillion of public funds over the 17 years since 1991. Infrastructure spending accounted for $350 billion to $400 billion per year for the first half of the 1990s for an economy half the size of the United States.

The results of the Japanese fiscal stimulus were unimpressive, although it could be argued that without this stimulus, it could have been much worse.

With the United States facing similar post bubble dynamics as Japan did twenty years ago, how can we expect greater effectiveness of the Obama stimulus plan when it is insufficient and much of is clearly misdirected?

In reality, this economic stimulus package has to be viewed as only the first one of many yet to come. By having the US dollar as a world reserve currency, the US government can be much more effective than its Japanese counterpart in printing its own currency.

We will soon be quantifying the size of the government stimulus plans in trillions rather than in billions. Within the next 3 to 4 years, government spending can easily reach $10 trillion, doubling the size of the US government debt.

One of the main problems with this crisis is that the majority of the debt bubble is related to residential real estate, which does not produce cash flow, but only seems to eat it up. As home prices decline and unemployment rises, debt serviceability is worsening dramatically.

In order to avoid social unrest and to maintain popularity, the Democratic majority will face two realistic options which could begin to address the economic disaster:

  1. Forgive portions of mortgage debt which cannot be serviced. But who will pay for the losses – clearly not the weak banks. Uncle Sam would pick up the tab by printing more currency.
  2. Print new dollars to increase the nominal income of the indebted population through tax cuts, job creation, jobless benefits and various social spending.

There is no other politically possible way out of this mess other than to run the printing press. The way of the free market via bankruptcies is not popular so there is no sense to even discuss it.

Within hours President Obama will sign the stimulus into law, but we are sure that this is just the beginning of the government spending campaign.

As far as the US banks, the new US Treasury Secretary seems to be mimicking his predecessor, Hank Paulson. The essence of the announced “plan” is as follows: “We are absolutely sure that we will save our banking system, but are yet unsure of how we will do so. We will find out very soon, however. Stay tuned”.

While not knowing what to do with the banking system, the government is trying to temporarily act as one. The only specific point in Geithner’s announcement is the plan to increase the Term Asset-Backed Securities Loan Facility (TALF) facility from $200 billion to $1 trillion. This joint initiative with the Federal Reserve expands the resources of the previously announced, but not yet implemented TALF.

In essence, TALF will support the purchase of loans by providing the financing to private investors. In theory, this should help unfreeze and lower interest rates for auto, small business, credit card and other consumer and business credit. Treasury will use $100 billion to leverage $1 trillion of lending from the Federal Reserve. The TALF, which will potentially have greater effect than the stimulus plan, passed in a blink of an eye without any debate.

The markets around the world have deteriorated in deep state of indifference to the first round of actions of the new US government. Only gold is starting to demonstrate its trust in the Democratic majority. Since the inauguration, investors poured $6 billion into gold purchases through GLD alone. This is an increase of 210 tonnes in gold holdings or 24% in less than a month.

click to enlarge

Huge investment demand around the world has put an end to a steep gold correction of the second half of 2008. Most intermediate and long term technical indicators for gold have turned decisively bullish. A test of new highs by gold is very probable this spring.

In sum, gold investors are starting to believe that the Obama Administration sees one way out of economic problems which will for sure resurrect inflation.

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My Note: Did you catch that? They’re believing alright, not that Obama will get the situation fixed, just that he will cause inflation; yes even hyper-inflation , maybe even stagflation! Jump into Gold now before it’s too late… -jschulmansr

 

Here is where I buy my Bullion, get one free gram of Gold just for opening an account! Catch the New Bull! – Buy Gold Online – Get 1 gram free! – Buy Safely, quickly, and at low prices, guaranteed! – Bullion Vault.com

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Moody’s, S&P Dole Out Global Downgrades – Time to Go Gold? – Seeking Alpha

By: Mark O’Byrne of Gold and Silver Investments

 Gold rose again on Thursday, briefly rising above $950/oz and was up 0.6% on the day. Determined selling on the open in Asia saw gold fall and profit taking has seen gold fall in Asia and in early trading in London. This is to be expected as gold had risen by more than 15% in less than a month.

 

 

US, UK Credit Ratings Look Set to Be Downgraded

The credit rating agency Moody’s has said that the UK and US credit ratings were being “tested”. In a novel and somewhat bizarre departure, Moody’s has split various “AAA” sovereign countries into three categories based on their strength in weathering the economic storm, denoting Ireland and Spain as the weakest, with the UK and US somewhere in the middle and Germany, France, Canada and the Scandinavian nations at the top.

This will in time be seen as gimmickry. Standard and Poor’s have already downgraded Spain to AA+ and did not create sub grades within the credit rating system.

Some have criticized Moody’s for being “unfair” to Ireland, Spain, the UK and US and have argued that these agencies previously gave almost everybody good ratings, and underestimated risks, but were now going to the other extreme.

This is errant nonsense and the unfortunate fact is that Moody’s, the other credit rating agencies and the vested interests in the financial services industry continue to underestimate risks, as they have done for months and years.

Given the massive deterioration in the public finances and economies of these nations, by right they should be downgraded and unfortunately in the coming months they will inevitably be downgraded.

But Moody’s and all the rating agencies realize that this would compound an already disastrous financial and economic crisis. Many pension funds internationally have mandates or investment guidelines to only invest in “AAA” rated government bonds and if these countries bonds were downgraded, they would be forced to sell those bonds en masse. This would likely see a crash in the already very overvalued government bond markets and see long term interest rates rise quickly and sharply.

The creditors of the US in Russia and China have rightly criticized the ratings agencies for their highly irresponsible practices in recent years and are increasingly nervous about their US denominated assets.

Ratings agency Standard and Poor’s in January downgraded Spain’s sovereign debt rating to “AA+” from “AAA” in January, citing insufficient means to deal with weak growth and a ballooning budget deficit. As they did the sovereign rating of New Zealand. The fiscal position in the UK and US is arguably much worse than in these two countries (Martin Wolf of the Financial Times recently said that major US banks, with their humongous Wall Street liabilities, are insolvent) and thus it seems inevitable that the UK and US will be downgraded in the coming months.

If the US is downgraded, then in effect the reserve currency of the world is being downgraded and this has huge implications for the international monetary system. Not surprisingly there have been op-ed pieces in the Financial Times and the Wall Street Journal calling for a return to some form of gold standard.

The governments of the world are nationalizing and socializing the meltdown in the shadow banking system and the international system with potentially disastrous consequences for us all.

Conditions are set to get markedly worse before they get better and the experience of Argentina and other previously wealthy South American countries may be instructive. The IMF is called in and there are structural adjustments, social services are affected or discontinued, banks nationalized, savings inaccessible, food and energy insecurity rise.

This is a potential reality for large western economies, especially if governments keep trying to inflate their way out of the current crisis. This is leading to massive currency debasement and will potentially lead to very significant stagflation and maybe even what could be called hyper stagflation.

Now more than ever, it is essential that individual savers and investors, companies, pension funds and sovereign wealth funds have an allocation to and directly own actual physical gold bullion. Paper exchange traded funds with all the attendant counter party, custodian, sub custodian, auditing and indemnification risk are speculative trading vehicles and not physical gold.

In these unprecedented economic times, it is irresponsible and extremely high risk not to have an allocation to gold bullion in an investment portfolio.

Disclosure: no positions

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My Note: No Positions??? Mr. O’Byrne I think you need to follow your own advice above! Here is where I buy my Bullion, get one free gram of Gold just for opening an account! Catch the New Bull! – Buy Gold Online – Get 1 gram free! – Buy Safely, quickly, and at low prices, guaranteed! – Bullion Vault.com

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Is Gold the only salvation from this Financial Armageddon? – MineWeb

Source: MineWeb

Indications are that the global financial situation could yet get far worse before it starts getting better – particularly in Europe – and gold may again prove to be the only real way of protecting wealth in a continuing global financial meltdown.

Author: Lawrence Williams
Posted:  Monday , 16 Feb 2009
LONDON – 
 

 

“It ain’t over ’til its over” is one of the best known quotations from baseball catcher and coach Yogi Berra and as the global financial crisis unwinds it is very apposite yet again.  We ain’t anywhere near the end yet and possibly the worst is yet to come as far as European banks in particular are concerned.  Markets have breathed sighs of relief as various banks have been bailed out and stimulation packages are being approved if not already implemented. 

 

But, one gets the feeling that any relief is premature.  The debt situation in a huge number of debtor nations – virtually the whole of Eastern Europe falls into this category – is dire and has not really yet fallen into the sights of the investment world – but bankers must be quaking in their shoes as surely they are aware of the potential financial Armageddon that still lies ahead. 

And this time it is the already shaky Western European banking sector that is most at risk.  US Banks, accused of starting this all, maybe far less vulnerable to the times ahead.  True the US financial sector may have got us into this mess, but European bankers followed suit and, in the event, may be shown to have behaved far more recklessly than their American counterparts.  It would seem that some of the potential shortfalls being faced would be beyond the financial ability of Central Banks, Governments and transnational agencies like the IMF to sort out.  The system is like a house of cards.  One major failure could bring the whole house tumbling down. 

This is the kind of situation that leads to global nightmares – wars even.  Radical extremists get elected to positions of power – as with the rise of National Socialism in Germany after the crash of the Weimar Republic with its hyperinflation.  We could be in for a very sticky time ahead as the real implications, and depth, of the financial meltdown catch up with us. 

The problems ahead may not be beyond the wit of man to devise a solution which can ‘save the world’, but that is unlikely to come from UK Prime Minister Gordon Brown who appears to have laid claim to this cachet in a freudian moment of rhetorical madness.  Don’t forget this is the same Gordon Brown who decimated the UK’s gold reserves by selling half of them off (395 tonnes) at gold’s low points from 1999-2002 – amounting to some $12bn at today’s prices – a sum the UK treasury would give its eye teeth for in the current financial crisis, although this is small beer relative to the sums squandered by the UK banks.  But it is an indicator of Gordon Brown’s acumen, or lack of it, in dealing with global financial trends. 

Indeed Gordon Brown’s thinking is probably echoed by many others in the European and perhaps the US financial hierarchy which doesn’t bode well for any rescue package that will actually work to stem the flow of toxic debt which has built up all around the world and may almost certainly amount in total to a greater sum than all the world’s financial reserves combined,  But then that is the nature of banking.  It only takes a run on almost any bank to bring the whole institution crashing down, and to allow any country to fail – and there are signs that the European Central Bankers may let some Eastern European states go under, thus triggering a domino effect of defaults worldwide, to bring the world banking system to its knees – or worse.  There are even fears that past high flyers like the Irish Republic could be forced to default on its debts, and undoubtedly the situation for, say, the Baltic states is far worse still. 

What solution is there out there.  Printing money on an unprecedented scale will expose the world to huge inflationary pressures for years to come, but this may be the only way forward using more conventional solutions.  Perhaps a huge revaluation in the price of gold could help bolster some treasuries and bring some confidence back into the system.  And, as with any bank run it is confidence which is needed to stem the tide, not necessarily actual money! 

But where does all this leave the investor?  Not in a happy position.  The logic of further financial collapses and bank failures would be to knock the markets down and down, which in turn takes wealth out of the system and decimates pensions upon which an increasingly aging society is dependent. 

Buy gold may be an answer to protect oneself, but as we saw last year, gold too can be vulnerable as in times  of reduced liquidity funds and individuals have to sell any liquid assets to cover their positions.  But then gold is probably not as vulnerable as other assets – again as we have seen over the past year.  Those who were invested in gold at the beginning of 2008, for example, and did not sell during the year, at least maintained the value of their holdings while virtually all other investment options crashed, although this was not true of most gold stocks. 

Now we are seeing professional and institutional investors moving into gold in a big way just to try and protect their, and their clients’  wealth.  As we have pointed out here frequently, gold ETFs are seeing an unprecedented inflow of funds, although there are those out there who would say it is better to hold physical gold than any form of paper gold because of a growing distrust of financial institutions and paper solutions. 

And perhaps rather gold than other precious metals – notably silver.  Silver would be sure to be dragged up on gold’s coattails, but perhaps not as much  this time – even though history tells us that silver’s volatility leads it to perform better than gold in percentage terms on the upside and worse on the downside.  We are in a different situation with silver not really a monetary metal any longer.  Industrial demand pressures on silver may well mitigate any price rises here. 

Gold’s performance, though, is perhaps also dependent on investment demand outstripping a fall off in the jewellery market and an increase in liquidation of such holdings into the scrap sector.  If the big Asian economies like India and China, where mark-ups on gold jewellery are minuscule compared with the West, falter significantly then reduced demand and increased supply from this sector will need to be soaked up by the investment sector.  At the moment this seems to be capable of doing this hence the recent gold price strength, but unless sentiment changes in India in particular, where buyers seem to be waiting for lower prices, the fall in gold purchases there may limit global gold price growth.  If liquidity becomes a problem in the North American markets again, this could also dent upward movement. 

But overall, physical gold, gold ETFs and selected gold stocks would seem to be the best wealth protectors out there.  As commentators have pointed out, prices may remain relatively volatile, but currently the overall price trend tends to be upwards movement, followed by stabilisation, before the next upwards resistance levels are tested.  Gold does look to be steadily climbing back towards the psychological $1,000 an ounce level but it has had trouble sustaining increases beyond this level in the past.  Perhaps it will be third time lucky for the gold bulls.

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My Note: Prudence dictates at least 10% of your portfolio should be in Gold. Personally, I have that and also a lot of my discretionary funds invested in precious metals Stocks, ETF’s, Bullion…jschulmansr

Here is where I buy my Bullion, get one free gram of Gold just for opening an account! Catch the New Bull! – Buy Gold Online – Get 1 gram free! – Buy Safely, quickly, and at low prices, guaranteed! – Bullion Vault.com

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Nothing in today’s post should be considered as an offer to buy or sell any securities or other investments; it is presented for informational purposes only. As a good investor, consult your Investment Advisor, Do Your Due Diligence, Read All Prospectus/s and related information carefully before you make any investments. –  jschulmansr

 

 

 

GLD

GLD, , ) GLD . These rocketed a startling 13.7% to 985 tonnes, setting records each day.

XAU

Delayed quote dataHUI, , ) added 1.36% to 311.16. The stock market, in case you missed it, lost ground.

Commentary: Gold’s gains for week catch bugs’ interest

By Peter Brimelow, MarketWatch
NEW YORK (MarketWatch) — Something was indeed stirring in the precious metals pond, as I reported a week ago. Key investment letters say it still is. See Feb. 8 column

 

Here is where I buy my Bullion, get one free gram of Gold just for opening an account! Catch the New Bull! – Buy Gold Online – Get 1 gram free! – Buy Safely, quickly, and at low prices, guaranteed! – Bullion Vault.com

 

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Shock and Awe! – Doug Casey

12 Thursday Feb 2009

Posted by jschulmansr in 10 year Treasuries, 20 yr Treasuries, Bailout News, banking crisis, banks, Barack Obama, bear market, Bollinger Bands Saudi Arabia, Brian Tang, bull market, capitalism, central banks, China, Comex, commodities, Contrarian, Copper, Credit Default, Currencies, currency, Currency and Currencies, Dennis Gartman, depression, DGP, dollar denominated, dollar denominated investments, Doug Casey, economic, Economic Recovery, economic trends, economy, Fed Fund Rate, Federal Deficit, federal reserve, Finance, financial, Forex, Fundamental Analysis, futures, futures markets, gata, GDX, GLD, gold, Gold Bullion, Gold Investments, gold miners, hard assets, how to change, How To Invest, How To Make Money, hyper-inflation, IMF, India, inflation, Investing, investments, Jeffrey Nichols, Jim Rogers, Jschulmansr, Keith Fitz-Gerald, Latest News, Long Bonds, majors, Make Money Investing, Marc Faber, market crash, Markets, Michael Zielinski, mid-tier, mining companies, mining stocks, monetization, Moving Averages, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, precious, precious metals, price, price manipulation, prices, producers, production, protection, rare earth metals, recession, resistance, risk, run on banks, safety, Sean Rakhimov, SEO, Short Bonds, silver, silver miners, small caps, sovereign, spot, spot price, stagflation, Stimulus, Stocks, TARP, Technical Analysis, The Fed, TIPS, U.S., U.S. Dollar, uranium, volatility, warrants, XAU

≈ Comments Off on Shock and Awe! – Doug Casey

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Bailout News, Bollinger Bands Saudi Arabia, Brian Tang, China, Comex, commodities, Copper, Currencies, currency, Dennis Gartman, dollar denominated, dollar denominated investments, Doug Casey, Federal Deficit, Forex, futures, futures markets, gata, GDX, GLD, gold miners, hard assets, hyper-inflation, India, investments, Jeffrey Nichols, Jim Rogers, Keith Fitz-Gerald, majors, Marc Faber, Michael Zielinski, mid-tier, mining companies, monetization, Moving Averages, palladium, Peter Grandich, Peter Schiff, physical gold, platinum, platinum miners, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, Sean Rakhimov, silver, silver miners, small caps, sovereign, spot, spot price, stagflation, Technical Analysis, TIPS, U.S., U.S. Dollar, volatility, warrants, XAU

Late Breaking: I came across this from the Contrarian Master Himself- Mr. Doug Casey. Here is his take for 2009 a must read for investors- especially Gold Bugs! Enjoy and Good Investing! – jschulmansr

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Catch the New Bull! – Buy Gold Online – Get 1 gram free! – Buy Safely, quickly, and at low prices, guaranteed! – Bullion Vault.com

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2009: Another Year of Shock and Awe – Seeking Alpha

By: Jeff Clark of Casey Research

 

In their annual forecast edition, the editors of BIG GOLD asked Casey Research Chairman and contrarian investor Doug Casey to provide his predictions and thoughts on issues everyone’s thinking about these days. Read what he has to say on the economy, deficits, inflation, and gold…

 

 

The $1.1 Trillion Budget Deficit


My reaction is that the people in the government are totally out of control. A poker player would say the government is “on tilt,” placing wild, desperate bets in the hope of getting rescued by good luck.

 

 

The things they’re doing are not only unproductive, they’re the exact opposite of what should be done. The country got into this mess by living beyond its means for more than a generation. That’s the message from the debt that’s burdening so many individuals; debt is proof that you’re living above your means. The solution is for people to significantly reduce their standard of living for a while and start building capital. That’s what saving is about, producing more than you consume. The government creating funny money – money out of nothing – doesn’t fix anything. All it does is prolong the problem and make it worse by destroying the currency.

Over several generations, huge distortions and misallocations of capital have been cranked into the economy, inviting levels of consumption that are unsustainable. In fact, Americans refer to themselves as consumers. That’s degrading and ridiculous. You should be first and foremost a producer, and a consumer only as a consequence.

In any event, the government is going to destroy the currency, which will be a mega-disaster. And they’re making the depression worse by holding interest rates at artificially low levels, which discourages savings – the exact opposite of what’s needed. They’re trying to prop up a bankrupt system. And, at this point, it’s not just economically bankrupt, but morally and intellectually bankrupt. What they should be doing is recognize that they’re bankrupt and then start rebuilding. But they’re not, so it’s going to be a disaster.

The U.S. Economy in 2009

My patented answer, when asked what it will be like, is that this is going to be so bad, it will be worse than even I think it’s going to be. I think all the surprises are going to be on the downside; don’t expect friendly aliens to land on the roof of the White House and present the government with a magic solution. We’re still very early in this thing. It’s not going to just blow away like other post-war recessions. One reason that it’s going to get worse is that the biggest shoe has yet to drop… interest rates are now at all-time lows, and the bond market is much, much bigger than the stock market. What’s inevitable is much higher interest rates. And when they go up, that will be the final nail in the coffins of the stock and real estate markets, and it will wipe out a huge amount of capital in the bond market. And higher interest rates will bring on more bankruptcies.

The bankruptcies will be painful, but a good thing, incidentally. We can’t hope to see the bottom until interest rates go high enough to encourage people to save. The way you become wealthy is by producing more than you consume, not consuming more than you produce.

Deflation vs. Inflation

First of all, deflation is a good thing. Its bad reputation is just one of the serious misunderstandings that most people have. In deflation, your money becomes worth more every year. It’s a good thing because it encourages people to save, it encourages thrift. I’m all for deflation. The current episode of necessary and beneficial deflation will, however, be cut short because Bernanke, as he’s so eloquently pointed out, has a printing press and will use it to create as many dollars as needed.

So at this point I would start preparing for inflation, and I wouldn’t worry too much about deflation. The only question is the timing.

It’s too early to buy real estate right now, although a fixed-rate mortgage could go a long way toward offsetting bad timing. It would let you make your money on the depreciation of the mortgage, as opposed to the appreciation of the asset. Still, I wouldn’t touch housing with a 10-foot pole – there’s been immense overbuilding, immense inventory. And people forget: a house isn’t an investment, it’s a consumer good. It’s like a toothbrush, suit of clothes, or a car; it just lasts a little bit longer. An investment – say, a factory – can create new wealth. Houses are strictly expense items. Forget about buying the things for the unpaid mortgage; before this is over, you’ll buy them for back taxes. But then you’ll have to figure out how to pay the utilities and maintenance. The housing bear market has a long way to run.

The U.S. Dollar and the Day of Reckoning

It’s very hard to predict the timing on these things. The financial markets and the economy itself are going up and down like an elevator with a lunatic at the controls. My feeling is that the fate of the dollar is sealed. People forget that there are 6 or 8 trillion dollars – who knows how many – outside of the United States, and they’re hot potatoes. Foreigners are going to recognize that the dollar is an unbacked smiley-face token of a bankrupt government. My advice is to get out of dollars. In fact, take advantage of the ultra-low interest rates; borrow as many dollars as you can long-term and at a fixed rate and put the money into something tangible, because the dollar is going to reach its intrinsic value.

The Recession

This isn’t a recession, it’s a depression. A depression is a period when most people’s standard of living falls significantly. It can also be defined as a time when distortions and misallocations of capital are liquidated, as well as a time when the business cycle climaxes. We don’t have time here, unfortunately, to explore all that in detail. But this is the real thing. And it’s going to drag on much longer than most people think. It will be called the Greater Depression, and it’s likely the most serious thing to happen to the country since its founding. And not just from an economic point of view, but political, sociological, and military.

For a number of reasons, wars usually occur in tough economic times. Governments always like to find foreigners to blame for their problems, and that includes other countries blaming the U.S. In the end, I wouldn’t be surprised to see violence, tax revolt, or even parts of the country trying to secede. I don’t think I can adequately emphasize how serious this thing is likely to get. Nothing is certain, but it seems to me the odds are very, very high for an absolutely world-class disaster.

Gold’s Performance in 2008

The big surprise to me is how low gold is right now. It’s well known that even if we use the government’s statistics, gold would have to reach $2,500 an ounce to match its 1980 high. I don’t necessarily buy the theories that the government and some bullion banks are suppressing the price of gold. Of course, with everything else going on, the last thing the powers-that-be want is a stampede into gold. That would be the equivalent of shooting a gun in a crowded theater; it could set off a real panic. But at the same time, I don’t see how they can effectively suppress the price. Either way, the good news is that gold is about the cheapest thing out there. Remember, it’s the only financial asset that’s not simultaneously someone else’s liability. So I would take advantage of today’s price and buy more gold. I know I’m doing just that.

Gold Volatility

Gold will remain volatile but trend upward. I don’t pay attention to daily fluctuations, which can be caused by any number of trivial things. Gold is going to the moon in the next couple of years.

Gold Stocks

Last year, it seemed to me that we were still climbing the Wall of Worry and that the next stage would be the Mania. But what I failed to read was the public’s indirect involvement through the $2 trillion in hedge funds. On top of that, while the prices of gold stocks weren’t that high, the number of shares out and the number of companies were increasing dramatically. Finally, the costs of mining and exploration rose immensely, which limited their profitability.

The good news is that relative to the price of gold, gold stocks are at their cheapest level in history. I still have my gold stocks and the fact is, I’m buying more. I’m not selling, because I think we’re starting another bull market. And this one is going to be much steeper and much quicker than the last one. I’m not a perma-bull on any asset class, but in this case I’m forced to go into the gold stocks. They’re the cheapest asset class out there, and the one with the highest potential.
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Catch the New Bull! – Buy Gold Online – Get 1 gram free! – Buy Safely, quickly, and at low prices, guaranteed! – Bullion Vault.com

 

 

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Enjoy and Good Investing – jschulmansr

 

Nothing in today’s post should be considered as an offer to buy or sell any securities or other investments; it is presented for informational purposes only. As a good investor, consult your Investment Advisor, Do Your Due Diligence, Read All Prospectus/s and related information carefully before you make any investments. –  jschulmansr

 

 

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It’s Official- The New Gold Rally Has Begun!

30 Friday Jan 2009

Posted by jschulmansr in Austrian school, Bailout News, banking crisis, banks, bear market, capitalism, central banks, China, Comex, Copper, Currencies, currency, Currency and Currencies, deflation, dollar denominated, dollar denominated investments, economic, Economic Recovery, economic trends, economy, Federal Deficit, Finance, financial, Forex, futures, futures markets, gold, Gold Bullion, Gold Investments, gold miners, How To Invest, How To Make Money, India, inflation, Investing, investments, Junior Gold Miners, Latest News, Make Money Investing, market crash, Markets, mining companies, mining stocks, palladium, physical gold, platinum, platinum miners, precious metals, price manipulation, prices, producers, production, Prophecy, resistance, Siliver, silver, silver miners, spot, spot price, stagflation, Stocks, TARP, Today, U.S. Dollar

≈ Comments Off on It’s Official- The New Gold Rally Has Begun!

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As it write this Gold is up $22.50 oz to $929.00! It absolutely smashed thru the $920 resistance! If we hold here $950 -$975 is the next level.  Barrick Gold CEO Munk says China to be a big buyer of gold as confidence is lost in the U.S. Dollar. The treasuries bubble is starting to burst and money is pouring into gold!- Good Investing! – jschulmansr

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Catch the New Bull! – Buy Gold Online – Safely, quickly, and at low prices, guaranteed! Bullion Vault.com

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Source: MineWeb.Com

 WORLD ECONOMIC FORUM

Munk forecasts currency, economy fears will send gold to new record highs

Whether it’s the currency effect or a reaction to a feeling of uncertainty, Barrick Gold Chairman Peter Munk says gold is more likely to go up than down.

Author: Barbara Lewis
Posted:  Friday , 30 Jan 2009

DAVOS, Switzerland (Reuters) – 

Gold is likely to hit new record highs, spurred by serious concern about the U.S. currency and doubt about the state of the world economy, the chairman of Barrick Gold Corp. said on Thursday.

There was even a possibility, although not a probability, central banks, including China’s, might start to switch from dollar holdings to gold, which could cause the metal’s price to treble or more.

From a gold producers’ perspective, one negative is that the cost of bringing on production has remained high, even as other raw materials, including base metals and energy, have slumped.

“Gold is at record levels in every currency except dollars. Even within dollar terms it is within a few percentage points of an all-time high at a time when all the other major commodities are falling,” Peter Munk told Reuters at the World Economic Forum meeting in Davos.

“Whether it’s the currency effect or a reaction to a feeling of uncertainty, gold in my opinion is more likely to go up than down,” the chairman and founder of the world’s largest gold mining company said.

Spot gold was at $902.80/904.80 at 1817 GMT. It hit a record high of $1,030.80 an ounce in March last year.

Munk stressed he was merely weighing the odds.

“It would be stupid to assume commodities prices can only go one way,” he said, adding physical demand for gold jewellery was not high during the economic downturn.

Gold has been one of the best-performing assets of late, rising in value by nearly 17 percent since late October.

Investors have bought heavily into physical bullion in the form of coins and bars and physically-backed assets such as exchange-traded funds as a safe store of value at a time of increased volatility in other asset prices.

Munk said downward pressure on the dollar, partly because of massive U.S. spending to stimulate the economy, would increase gold’s attractions as an investment further.

Gold usually moves in the opposite direction to the dollar, as it is often bought as a hedge against weakness in the U.S. currency.

“My personal feeling is that with the rescue packages calling for trillions, not billions… the value of the (U.S.) currency has to go down,” said Munk.

DUMB TO HEDGE

His company did not hedge its output for now — meaning it does not use derivatives to insure against a fall in price — and relied instead on the price climbing. In the past its successful hedging allowed it to make the acquisitions that helped to make it the world’s biggest gold miner.

“It would be dumb to hedge,” Munk said of the current climate.

His bullishness was underscored by the possibility central banks, including that of major dollar asset-holder China, might start buying gold.

“If they decide to diversify, we assume into gold, then we start to talk about a trebling or quadrupling of the gold price. It could be followed by Russia or Kuwait.

“I don’t think it’s likely, but it’s more likely. I would not have said it two years ago …I’m not a gold bug …but it’s more likely than it was two years ago.”

A strong price climate has meant ongoing investment in bringing on new gold, Munk said.

“In every other mining area, people are cancelling mines.”

But declines in other commodities have yet to have a major impact on cost.

“Marginally yes, but substantially no. For some reason cash costs are tending to continue to increase,” he said, when asked whether investment costs were falling.

“Energy costs have gone down. It does help, but labour costs are consistently increasing.”

The one way to reduce production costs is to invest in efficient new mines, Munk said, citing two major new projects in Nevada and the Dominican Republic and a smaller one in Tanzania.

(Reporting by Barbara Lewis, additional reporting by Jan Harvey in London; editing by Anthony Barker)

© Thomson Reuters 2009 All rights reserved

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Catch the New Bull! – Buy Gold Online – Safely, quickly, and at low prices, guaranteed! Bullion Vault.com

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Hedge Fund to Measure Returns in Gold Rather Than Currency – Seeking Alpha

By: Todd Sullivan of Value Plays

This is a pretty stunning move. What is even more alarming is the reasoning given.
From the FT:

A hedge fund has begun offering investors the chance to have their investment denominated in gold, as worries grow over governments debasing their currencies by printing money.

Osmium Capital Management, a $178m hedge fund manager based in Bermuda, is launching a new share class allowing investors to hold shares measured as troy ounces of the fund, rather than U.S. dollars, sterling or euros.

The move follows a surge in investor demand for small gold (GLD) bars and coins held by individuals and gold-backed exchange-traded funds that are holding a record amount of bullion.

Chris Kuchanny, Osmium chief executive and a former London ABN Amro trader, said he was putting almost all his personal wealth into the new share class: “Investors have voiced concerns that they’re overly exposed to the major fiat [paper] currencies in an environment where the fundamentals of those currencies are clearly deteriorating with governments assuming more debt and having lower revenue and more expenditure.

This shows a stunning lack of confidence in currencies. It also says that the fund is anticipating inflation to rear its ugly head in a scary way. When it does, the value of the currencies will plummet and gold will rise.

What is to watch now is whether or not other funds begin to follow. If this becomes a movement rather than an individual act, the crash in currencies could be expedited in a nasty way. Stay tuned…

Disclosure: No position in gold… yet.

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Catch the New Bull! – Buy Gold Online – Safely, quickly, and at low prices, guaranteed! Bullion Vault.com

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My Disclosure: Long Gold , Gold Etf’s, Gold Miners/Producers, Long Silver, Silver Miners/Producers, Platinum and Paladium Miners/Producers- jschulmansr

More to follow later today…

Nothing in today’s post should be considered as an offer to buy or sell any securities or other investments, it is presented for informational purposes only. As a good investor, consult your Investment Advisor, Do Your Due Diligence, Read All Prospectus/s and related information carefully before you make any investments. –  jschulmansr

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Latest Obama News and The Ad “They” Don’t Want You To See!

10 Saturday Jan 2009

Posted by jschulmansr in 2008 Election, Barack Obama, communism, Conservative, Conservative Resistance, Currencies, currency, Currency and Currencies, dollar denominated, dollar denominated investments, economic, economic trends, economy, Electoral College, Finance, financial, Free Speech, Fundamental Analysis, futures, futures markets, id theft, inflation, Investing, investments, Latest News, market crash, Markets, Presidential Election, resistance, socialism, Today, u.s. constitution, U.S. Dollar, Uncategorized

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Why are the major news networks refusing to allow the Obama ad below? Yes, even Fox News has refused to sell airtime to run the ad- Why? The cases and lawsuits keep trickling their way to the Supreme Court, so his “eligibility” issues will continue even after he is inaugurated. Obama- “Please just show us the Birth Certificate as any patriotic citizen would do when asked.” Why are you hiring teams at last count (3) different legal teams to prevent your birth certificate from being produced? What is Obama hiding? Could it truly be he is not eligible to be the President of The United States? Fellow citizens is our Constitution no longer important or relevant? You decide- read below…- jschulmansr

Eligibility Issue to Follow Obama into the Oval Office – World Net Daily

By Bob Unruh
© 2009 WorldNetDaily

A legal challenge that alleges Barack Obama isn’t a “natural born” citizen and therefore constitutionally ineligible to be president of the United States will follow the Democrat into the Oval Office, with a U.S. Supreme Court conference on the dispute set after the Jan. 20 inauguration.

The court’s website today announced that a fourth case on the issue will be reviewed by justices Jan. 23.

The court previously heard two cases in conference – private meetings at which justices consider which cases to accept – and denied both Cort Wrotnowski and Leo Donofrio full hearings.

The court now has a conference scheduled Friday on a case raised by attorney Philip Berg, with another conference on a matter related to the same Berg case on Jan. 16. Then today the court website revealed the case Gail Lightfoot et al v. Debra Bowen, California Secretary of State, will be heard in conference Jan. 23.

The case initially appeared at the Supreme Court Dec. 12 but was rejected. It then was submitted to Chief Justice John Roberts, and today’s notice confirmed it was distributed for the Jan. 23 conference.

Orly Taitz, the California attorney handling the case, said, “The timing of this decision by the chief justice of the Supreme Court, John Roberts, is absolutely remarkable. On January 7, one day before the January 8 vote by Congress and Senate whether to approve or object to the electoral vote of Barack Hussein Obama, aka Barry Soetoro, as president of the United States, Chief Justice Roberts is sending a message to them: ‘Hold on, not so fast, there is value in this case, read it.'”

She noted the available procedure during congressional review for a member of Congress to object to the Electoral College results and demand documentation regarding Obama’s citizenship.

Join the campaign to urge the Supreme Court to take the eligibility question seriously by FedExing the justices.

“Each and every member of the U.S. Congress and Senate owes it to 320 million American citizens to do his due diligence and demand all necessary records,” she said.

Members of Congress, she said, “can spend a day or two of their time defending this Constitution, reviewing necessary documents, in order to see if Barack Hussein Obama is a natural born citizen…

“This is the message that the chief justice of the Supreme Court is sending to them. … (The) truth will come out, no matter how many millions Obama is spending to hide it,” she said.

The plaintiffs in the case include a vice presidential candidate on the California election ballot, four electors and two others.

She said her case was rejected by the California Supreme Court with a single-word decision, “Denied.” And she said her arguments rest on precedents from both the California Supreme Court, which years ago removed a candidate for president from the ballot because he was only 34, while the Constitution requires candidates to be 35, and the U.S. Supreme Court’s affirmation of that ruling.

“We’ll see what happens,” she told WND. “This is not going to go away.”

WND has reported extensively on questions raised about Obama’s eligibility, and the resulting lawsuits. The Taitz case is the fourth to earn a hearing at a Supreme Court conference.

Twice before the justices have heard the questions, in cases brought by Wrotnowski and Donofrio, and twice before they’ve decided to ignore them.

The result is that the questions remain unanswered and cloud the impending presidency of a man whose relatives have reported he was born in Kenya and who has decided, for whatever reason, not to release a bona fide copy of his original birth certificate in its complete form.

The lawsuits allege Obama does not meet the “natural born citizen” clause of the U.S. Constitution, Article 2, Section 1, which reads, “No Person except a natural born Citizen, or a Citizen of the United States, at the time of the Adoption of this Constitution, shall be eligible to the Office of President.”

Some allege his birth took place in Kenya and his mother was a minor at the time of his birth – too young to confer American citizenship. They report Obama’s father, Barack Obama Sr., was a Kenyan citizen subject to the jurisdiction of the United Kingdom at the time, and would have handed down British citizenship.

Where’s the proof Barack Obama was born in the U.S. or that he fulfills the “natural-born American” clause in the Constitution? If you still want to see it, join more than 200,000 others and sign the petition demanding proof of eligibility now!

There also are questions raised about Obama’s move to Indonesia when he was a child and his attendance at school there when only Indonesian citizens were allowed in that nation’s schools and his travel to Pakistan in the ’80s when such travel was forbidden to American citizens.

On Friday the justices will consider Philip J. Berg’s Petition for Writ of Certiorari.

“This is a historic occasion that will impact the office of the president of the United States as never before. No one has ever brought an action against a president-elect candidate challenging his eligibility to serve based on the ‘natural born’ citizen requirement provided in the United States Constitution, Article II Section 1,” said a statement on Berg’s ObamaCrimes.com website.

Berg suggested if Obama “is allowed to be sworn in as president of the United States, there will be substantial and irrevocable harm to the stability of the United States of America and to its citizens.”

“Because Barack Obama is not a ‘natural born’ citizen as required by the United States Constitution, then all of his actions as president would be null and void,” Berg said.

Last month, WND reported similar concerns raised in a separate lawsuit filed in California.

“Should Senator Obama be discovered, after he takes office, to be ineligible for the Office of President of the United States of America and, thereby, his election declared void,” argues a case brought on behalf of Ambassador Alan Keyes, also a presidential candidate. “Americans will suffer irreparable harm in that (a) usurper will be sitting as the President of the United States, and none of the treaties, laws, or executive orders signed by him will be valid or legal.”

Because of the high stakes, WND earlier launched a letter campaign to contact Electoral College members and urge them to review the controversy.

That followed a campaign that sent more than 60,000 letters by overnight delivery to the U.S. Supreme Court when one case contesting Obama’s eligibility for the Oval Office was pending.

A separate petition, already signed by more than 200,000 also is ongoing asking authorities in the election to seek proof Obama was born in the U.S. or that he fulfills the “natural-born American” clause in the Constitution.

WND senior reporter Jerome Corsi went to both Kenya and Hawaii prior to the election to investigate issues surrounding Obama’s birth. But his research and discoveries only raised more questions.

The biggest question was why, if a Hawaii birth certificate exists as his campaign has stated, Obama hasn’t simply ordered it made available to settle the rumors.

The governor’s office in Hawaii said there is a valid certificate but rejected requests for access and left ambiguous its origin: Does the certificate on file with the Department of Health indicate a Hawaii birth or was it generated after the Obama family registered a Kenyan birth in Hawaii?

Join the campaign to urge the Supreme Court to take the eligibility question seriously by FedExing the justices.

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Watch The Obama commercial they don’t want you to see- FOX, CNN, MSNBC questioning Barak’s Eligibility refuse ads

Source: World Net Daily

Barack Obama’s campaign officials and transition office repeatedly have rejected reporters’ requests for comment on questions raised over his lack of documentation regarding his birth and the resulting concerns over his eligibility to be president. Now a number of media organizations apparently don’t want questions raised either.

WND columnist Janet Porter told WND she found that out when her organization, Faith2Action.org, tried to purchase airtime to publicize information about the eligibility concerns.

She told WND that national networks that refused to sell her time for a 60-second commercial included CNBC, MSNBC, Headline News, CNN and Fox. Washington, D.C., outlets for the same organizations did the same.

“With the date for congressional approval (of the Electoral College today), we wanted them to have access to the facts,” she told WND. “Congress is sworn to uphold the Constitution.”

She said the donors who contributed the funding that was to be used for the ads were being contacted to find out whether they wanted to reach another direction in the media.

The ad to be broadcast already is available on YouTube, and also is embedded here:

“Heard rumors about Barack Obama’s citizenship? These are the facts,” the ad states.

It cites a statement from the president-elect’s paternal grandmother that she was present at his birth in Kenya, his refusal to release his original birth certificate, his attendance at school in Indonesia “as Barry Soetoro when only Indonesia citizens were permitted to attend,” and Obama’s travel to Pakistan in 1981 “when it was illegal to enter as a U.S. citizen.”

Join the campaign to urge the Supreme Court to take the eligibility question seriously by FedExing the justices.

It concludes, “Our Constitution still matters.”

“As requested, we backed up every sentence of this ad, and still it was rejected,” Porter said. “What does that say about freedom of speech when we not only cannot count on the media to cover the story, but we can’t even buy time to publicize what may be the biggest story of the century.”

She raised several questions about the issue in her recent column.

“What if an impostor from another country ran for the presidency and won?” she asks. “What if the media blocked any news of his birthplace and citizenship? What if the media censorship even blocked paid advertising which tried to expose it?

“What if no one had the courage to challenge or verify it? What if he was inaugurated illegally? What if the military had to answer to a commander in chief who was illegitimate? What if every law he signed was invalid?”

And, she wonders, “What if it all happened on our watch?”

WND reported the U.S. Supreme Court has scheduled Friday a conference – a private meeting at which justices consider whether to take individual cases – on a lawsuit challenging Obama’s eligibility.

Twice before the justices have heard the questions, and twice before they’ve decided to ignore them.

The lingering questions continue to leave a cloud over the impending presidency of a man whose relatives have reported he was born in Kenya and who has decided, for whatever reason, not to release a bona fide copy of his original birth certificate in its complete form.

Multiple lawsuits have been filed around the nation alleging Obama does not meet the “natural born citizen” clause of the U.S. Constitution, Article 2, Section 1, which reads, “No Person except a natural born Citizen, or a Citizen of the United States, at the time of the Adoption of this Constitution, shall be eligible to the Office of President.”

Some of the legal challenges have alleged Obama was not born in Hawaii, as he insists, but in Kenya. The woman identified by Obama as his American mother, the suits contend, was too young at the time of his birth to confer American citizenship to her son under the law at the time – especially if it took place in a foreign country and the man identified as his father, Barack Obama Sr., was a Kenyan citizen.

Where’s the proof Barack Obama was born in the U.S. or that he fulfills the “natural-born American” clause in the Constitution? If you still want to see it, join more than 200,000 others and sign the petition demanding proof of eligibility now!

Other challenges also have focused on Obama’s citizenship through his father, a Kenyan subject to the jurisdiction of the United Kingdom at the time of his birth, thus making him a dual citizen. Such cases contend the framers of the Constitution excluded dual citizens from qualifying as natural born.

Several details of Obama’s past have added twists to the question of his eligibility and citizenship, including his family’s move to Indonesia when he was a child, his travel to Pakistan in the ’80s when such travel was forbidden to American citizens and conflicting reports from Obama’s family about his place of birth.

On Friday the justices will consider Philip J. Berg’s Petition for Writ of Certiorari.

“This is a historic occasion that will impact the office of the president of the United States as never before. No one has ever brought an action against a president-elect candidate challenging his eligibility to serve based on the ‘natural born’ citizen requirement provided in the United States Constitution, Article II Section 1,” said a statement on Berg’s ObamaCrimes.com website.

Berg suggested if Obama “is allowed to be sworn in as president of the United States, there will be substantial and irrevocable harm to the stability of the United States of America and to its citizens.”

“Because Barack Obama is not a ‘natural born’ citizen as required by the United States Constitution, then all of his actions as president would be null and void,” Berg said.

Last month, WND reported similar concerns raised in a lawsuit filed in California.

“Should Senator Obama be discovered, after he takes office, to be ineligible for the Office of President of the United States of America and, thereby, his election declared void,” argues a case brought on behalf of Ambassador Alan Keyes, also a presidential candidate. “Americans will suffer irreparable harm in that (a) usurper will be sitting as the President of the United States, and none of the treaties, laws, or executive orders signed by him will be valid or legal.”

Berg, who has another case on the issue pending on behalf of a retired military officer, earlier stated, “I am determined, on behalf of the 320 million citizens in the United States, to see that ‘our U.S. Constitution’ is followed. Specifically, in the case of Soetoro a/k/a Obama, does he meet the constitutional qualifications for president?

“I am appalled that the mainstream media continue to ignore this issue as we are headed to a ‘constitutional crisis.’ There is nothing more important than our U.S. Constitution and it must be enforced,” he said.

The Supreme Court also has another hearing on an issue raised by Berg for Jan. 16, and the Supreme Court just confirmed today yet another conference is scheduled Jan. 23 on a separate case, this one handled by California attorney Orly Taitz, challenging Obama’s eligibility.

Because of the high stakes, WND earlier launched a letter campaign to contact Electoral College members and urge them to review the controversy.

That followed a campaign that sent more than 60,000 letters by overnight delivery to the U.S. Supreme Court when one case contesting Obama’s eligibility for the Oval Office was pending.

A separate petition, already signed by more than 200,000 also is ongoing asking authorities in the election to seek proof Obama was born in the U.S. or that he fulfills the “natural-born American” clause in the Constitution.

WND senior reporter Jerome Corsi went to both Kenya and Hawaii prior to the election to investigate issues surrounding Obama’s birth. But his research and discoveries only raised more questions.

The biggest question was why, if a Hawaii birth certificate exists as his campaign has stated, Obama hasn’t simply ordered it made available to settle the rumors

The governor’s office in Hawaii said there is a valid certificate but rejected requests for access and left ambiguous its origin: Does the certificate on file with the Department of Health indicate a Hawaii birth or was it generated after the Obama family registered a Kenyan birth in Hawaii?

====================================================

Join The Resistance

This group is not intended to encourage animosity or malice toward President Obama or to bolster personal, ad hominem attacks so often used in political discourse.

On the contrary, it is imperative that conservatives maintain a love for country and respect for our institutions as we defend this nation against the threats posed by the Obama Administration. Our disagreements with President Obama must be based on ideology and public policy, not personal attacks. From this firm foundation, we can mount a patriotic, resilient, conservative resistances to Obama’s agenda.

Specifically we resist:
• Wealth distribution and higher taxes
• Government takeover of more and more of our lives
• Open borders, amnesty and undermining of our uniquely American culture
• Taxpayer-funded abortions and a radical anti-life agenda
• The weakening of our military and retreat in the War on Terror
• Socialized health care
• The end of marriage and the exaltation of LGBT rights
• International taxation and submitting our nation to the ideals of “global citizenship”
• The Courts stacked with leftist judges who betray our Constitution
• Weakening of the 2nd Amendment through unconstitutional gun laws that take away our firearms and our ability to defend our family, property, and ourselves

Sign The Petition and Find Out More


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