Its truly scary how brain dead, dummy downed and mind-controlled the sheeple are.
hno:
Anyway back to more amazing news for your gold/silver related assets;
Gold and Silver soaring to nearly $840 and $16!!!!
China's Plans to Diversify Reserves
http://www.bloomberg.com/apps/news?pid=20601087&sid=aT58vq_ffmcI&refer=home
Bye Bye dollar
hno:Anyway back to more amazing news for your gold/silver related assets;
Gold and Silver soaring to nearly $840 and $16!!!!
China's Plans to Diversify Reserves
http://www.bloomberg.com/apps/news?pid=20601087&sid=aT58vq_ffmcI&refer=home
Bye Bye dollar
its time for SSRI to reach $100... let me retire
If you keep your hands off the remote control and hold that one for next 5-10 years, you will at least buy a nice house with what you have.
The banks, govt, and wall st have all thrown their best punches at gold this decade and we are still standing.
Despite all this, the precious metals are still gaining on all markets.
Eek, how crazy does my prediction that gold would reach an all time high in 2007 look now?
H10, its time for you to start passing out pies at your pops cards parties. Some of those old dudes need their eyes opened.
They saw the sky fall in Lebanon 30 years ago, and they are here because of it.
Now they dont think the sky can fall here, but they are going to see it fall here as well.
The game never changes, only the people playing it do.
:money:
So when does the guvmint supposedly bail out GM?
Another bankrupt company in disguise as an operating business enterprise.
They were all part of the real estate party, which went too long and too high thanks to Easy Al and his imaginary printing presses and low interest rates.
Now a few more good whiffs and they are all going to fall like dominoes.
Hopefully we can harpoon a few whales with this subprime crisis. I think Ill throw a party if Citicorp, Mother Merrill or Bear Stearns disappear.
Another bankrupt company in disguise as an operating business enterprise.
They were all part of the real estate party, which went too long and too high thanks to Easy Al and his imaginary printing presses and low interest rates.
Now a few more good whiffs and they are all going to fall like dominoes.
Hopefully we can harpoon a few whales with this subprime crisis. I think Ill throw a party if Citicorp, Mother Merrill or Bear Stearns disappear.
dollar 75.37, gold 835, oil 97.40
markets down!!?? :think2:
more rate cuts fed!!! now!!! more rate cuts!!! dollar to zero its good for the economy
ope:arty::fatboy:
but than again this is the main reason markets are down
follow the yen carry trade
http://www.forexdirectory.net/jpy.html
markets down!!?? :think2:
more rate cuts fed!!! now!!! more rate cuts!!! dollar to zero its good for the economy
ope:arty::fatboy:but than again this is the main reason markets are down
follow the yen carry trade
http://www.forexdirectory.net/jpy.html
More lies.....
Productivity Surges by 4.9 Percent Rate
Wednesday November 7, 11:03 am ET
By Martin Crutsinger, AP Economics Writer <TABLE height=4 cellSpacing=0 cellPadding=0 border=0><TBODY><TR><TD height=4></TD></TR></TBODY></TABLE>US Productivity Surges by 4.9 Percent - Fastest Pace in 4 Years
WASHINGTON (AP) -- Worker productivity surged in the summer at the fastest pace in four years while wage pressures eased.
The Labor Department reported that productivity -- the amount of output per hour of work -- jumped at an annual rate of 4.9 percent in the July-September quarter. That was double the 2.2 percent rise in the second quarter and represented the fastest surge in worker efficiency since 2003.
At the same time, wage pressures eased with unit labor costs dropping at an annual rate of 0.2 percent, the best showing in more than a year.
Both outcomes were far better than had been expected and should relieve some of the concerns that a remarkable surge in productivity that began in the mid-1990s was in danger of being reversed.
The slight drop in wage pressures was especially welcome after hefty increases over the past four quarters. Rising wages are good for workers but if they are not accompanied by strong productivity gains, they raise concerns among Fed policymakers about inflation.
The 0.2 percent decline in unit labor costs in the third quarter followed a 2.2 percent increase in labor costs in the second quarter and even bigger jumps of 5.2 percent in the first quarter and 10.3 percent in the fourth quarter of last year.
Productivity is the key ingredient for rising living standards. It allows employers to pay workers higher wages which are financed by the increased output. That means employers don't have to resort to raising the price of their products which can lead to higher inflation.
The Federal Reserve last week cut a key interest rate for the second time in two months while at the same time expressing concerns that inflation remained a problem, especially in light of rising oil prices. Crude oil prices have soared in recent weeks over concerns about rising tensions in the Middle East, hitting a record $96.70 per barrel on Tuesday.
Fed Chairman Ben Bernanke is scheduled to testify on the economic outlook on Thursday before Congress' Joint Economic Committee. That testimony will be closely scrutinized for any signs that the Fed may cut rates again should the economy should more signs of faltering.
Economists say that the next six months represent the point of maximum danger that the economy could slip into a recession brought on by the steepest slump in housing in more than two decades, a severe credit crunch and surging oil prices.
:toast:
Productivity Surges by 4.9 Percent Rate
Wednesday November 7, 11:03 am ET
By Martin Crutsinger, AP Economics Writer <TABLE height=4 cellSpacing=0 cellPadding=0 border=0><TBODY><TR><TD height=4></TD></TR></TBODY></TABLE>US Productivity Surges by 4.9 Percent - Fastest Pace in 4 Years
WASHINGTON (AP) -- Worker productivity surged in the summer at the fastest pace in four years while wage pressures eased.
The Labor Department reported that productivity -- the amount of output per hour of work -- jumped at an annual rate of 4.9 percent in the July-September quarter. That was double the 2.2 percent rise in the second quarter and represented the fastest surge in worker efficiency since 2003.
At the same time, wage pressures eased with unit labor costs dropping at an annual rate of 0.2 percent, the best showing in more than a year.
Both outcomes were far better than had been expected and should relieve some of the concerns that a remarkable surge in productivity that began in the mid-1990s was in danger of being reversed.
The slight drop in wage pressures was especially welcome after hefty increases over the past four quarters. Rising wages are good for workers but if they are not accompanied by strong productivity gains, they raise concerns among Fed policymakers about inflation.
The 0.2 percent decline in unit labor costs in the third quarter followed a 2.2 percent increase in labor costs in the second quarter and even bigger jumps of 5.2 percent in the first quarter and 10.3 percent in the fourth quarter of last year.
Productivity is the key ingredient for rising living standards. It allows employers to pay workers higher wages which are financed by the increased output. That means employers don't have to resort to raising the price of their products which can lead to higher inflation.
The Federal Reserve last week cut a key interest rate for the second time in two months while at the same time expressing concerns that inflation remained a problem, especially in light of rising oil prices. Crude oil prices have soared in recent weeks over concerns about rising tensions in the Middle East, hitting a record $96.70 per barrel on Tuesday.
Fed Chairman Ben Bernanke is scheduled to testify on the economic outlook on Thursday before Congress' Joint Economic Committee. That testimony will be closely scrutinized for any signs that the Fed may cut rates again should the economy should more signs of faltering.
Economists say that the next six months represent the point of maximum danger that the economy could slip into a recession brought on by the steepest slump in housing in more than two decades, a severe credit crunch and surging oil prices.
:toast:
And more....
ECONOMIC REPORT
Wholesale inventories leanest ever in September
Higher prices push wholesale petroleum sales up 7.7%
By Rex Nutting, MarketWatch
Last Update: 11:16 AM ET Nov 7, 2007
WASHINGTON (MarketWatch) -- Sales generated by U.S. wholesale merchants increased faster than their inventories in September, driving their stockpiles to the lowest level ever in relation to sales, the Commerce Department reported Wednesday.
With inventories tight, wholesalers are well positioned if final demand from consumers falters. But if demand unexpectedly picks up, they could be caught short unless U.S. producers and foreign importers can step up output quickly.
U.S. businesses generally have very low inventories, one reason why many economists say a recession remains unlikely despite mounting troubles in the financial and real-estate sectors. In the past, poor supply management has led to large overstocks just as demand falters, requiring heavy cutbacks in production and massive layoffs.
In recent years, however, companies have gotten much better at managing their supply chain, keeping just enough goods on hand to satisfy demand. Swings in demand don't have the same impact on production or employment as in the past because imbalances don't develop.
Wholesalers are middlemen between retailers and producers. They serve as absorbers for supply and demand shocks, and trends in wholesale trade are not considered leading indicators.
Wholesalers' sales increased 1.3% in September, the best growth since May, while inventories rose 0.8%, the most since November 2006.
As a result, the inventory-to-sales ratio fell to a record low 1.10 form 1.11 in August. A year ago, the ratio was 1.15.
The typical wholesaler has about 33 days of sales on hand. Read the full report.
Impact on GDP
The wholesale inventory report rarely affects financial markets; it's primarily of interest to economists as they go about tweaking their estimates for gross domestic product. The Commerce Department will finalize its estimates for business sales and inventories for September with the release of retail inventory data next week.
Growth in inventories during August and September was much stronger than the government had estimated in its first report on third-quarter GDP. Economists from Bear Stearns and Morgan Stanley said GDP could be revised to 4.9% from 3.9% as a result of stronger inventory growth and other data that have surfaced since the first report.
But some of that growth could have been stolen from the fourth quarter, said David Greenlaw of Morgan Stanley, who wrote in a note to clients that the economy's growing at a 0.5% annual pace in the current quarter.
Details
Most of the increase in wholesalers' September sales came from a 7.7% rise in petroleum, which were boosted by higher prices. The figures are not adjusted for inflation.
Despite the higher prices, inventories of petroleum wholesalers fell 1.5%.
Sales of durable goods rose 0.3% in the month while inventories rose 0.7%. The inventory-to-sales ratio for durable goods rose to 1.46 from 1.45. Auto sales rose 4.1% and auto inventories rose 1%.
Sales of nondurable goods rose 2.1% in September while inventories increased 1%. The inventory-to-sales ratio fell to 0.79 from 0.80, just above the record low of 0.78 in May. The inventory-to-sales ratio for petroleum dropped to 0.29 from 0.31, above the record low of 0.28 set three years ago.
Meanwhile, the Commerce Department revised much higher its figures for sales and inventories growth in August. Sales were revised to a 0.8% gain from 0.4%, while inventories were said to have increased 0.7%, rather than 0.1% originally reported.
ECONOMIC REPORT
Wholesale inventories leanest ever in September
Higher prices push wholesale petroleum sales up 7.7%
By Rex Nutting, MarketWatch
Last Update: 11:16 AM ET Nov 7, 2007
WASHINGTON (MarketWatch) -- Sales generated by U.S. wholesale merchants increased faster than their inventories in September, driving their stockpiles to the lowest level ever in relation to sales, the Commerce Department reported Wednesday.
With inventories tight, wholesalers are well positioned if final demand from consumers falters. But if demand unexpectedly picks up, they could be caught short unless U.S. producers and foreign importers can step up output quickly.
U.S. businesses generally have very low inventories, one reason why many economists say a recession remains unlikely despite mounting troubles in the financial and real-estate sectors. In the past, poor supply management has led to large overstocks just as demand falters, requiring heavy cutbacks in production and massive layoffs.
In recent years, however, companies have gotten much better at managing their supply chain, keeping just enough goods on hand to satisfy demand. Swings in demand don't have the same impact on production or employment as in the past because imbalances don't develop.
Wholesalers are middlemen between retailers and producers. They serve as absorbers for supply and demand shocks, and trends in wholesale trade are not considered leading indicators.
Wholesalers' sales increased 1.3% in September, the best growth since May, while inventories rose 0.8%, the most since November 2006.
As a result, the inventory-to-sales ratio fell to a record low 1.10 form 1.11 in August. A year ago, the ratio was 1.15.
The typical wholesaler has about 33 days of sales on hand. Read the full report.
Impact on GDP
The wholesale inventory report rarely affects financial markets; it's primarily of interest to economists as they go about tweaking their estimates for gross domestic product. The Commerce Department will finalize its estimates for business sales and inventories for September with the release of retail inventory data next week.
Growth in inventories during August and September was much stronger than the government had estimated in its first report on third-quarter GDP. Economists from Bear Stearns and Morgan Stanley said GDP could be revised to 4.9% from 3.9% as a result of stronger inventory growth and other data that have surfaced since the first report.
But some of that growth could have been stolen from the fourth quarter, said David Greenlaw of Morgan Stanley, who wrote in a note to clients that the economy's growing at a 0.5% annual pace in the current quarter.
Details
Most of the increase in wholesalers' September sales came from a 7.7% rise in petroleum, which were boosted by higher prices. The figures are not adjusted for inflation.
Despite the higher prices, inventories of petroleum wholesalers fell 1.5%.
Sales of durable goods rose 0.3% in the month while inventories rose 0.7%. The inventory-to-sales ratio for durable goods rose to 1.46 from 1.45. Auto sales rose 4.1% and auto inventories rose 1%.
Sales of nondurable goods rose 2.1% in September while inventories increased 1%. The inventory-to-sales ratio fell to 0.79 from 0.80, just above the record low of 0.78 in May. The inventory-to-sales ratio for petroleum dropped to 0.29 from 0.31, above the record low of 0.28 set three years ago.
Meanwhile, the Commerce Department revised much higher its figures for sales and inventories growth in August. Sales were revised to a 0.8% gain from 0.4%, while inventories were said to have increased 0.7%, rather than 0.1% originally reported.
I don't think the Plunge Protection Team has been intervening in the equity markets last couple weeks....if anything they have been shorting it or selling
I believe they want the the S&P to fall into the low 1400's, possibly 1300's
That way people will be screaming for a rate cut in DEC, and the FED will make it look like they have no choice but to cut .50 bps....and off we go.
100% manipulated
I believe they want the the S&P to fall into the low 1400's, possibly 1300's
That way people will be screaming for a rate cut in DEC, and the FED will make it look like they have no choice but to cut .50 bps....and off we go.
100% manipulated
Now that Robert Rubin isnt going to be foolish and take the ceo job at citigroup, this dollar fall, and gold price should get very interesting.
Hes just as responsible for these bubbles and inflation as Greenspan, but he was also smart enough to step aside before all the bubbles burst and the economy collapsed.
Hes just as responsible for these bubbles and inflation as Greenspan, but he was also smart enough to step aside before all the bubbles burst and the economy collapsed.
Also pretty sure they have something up their sleeve for the gold markets, not sure what but I expect a 10%-15% haircut once they see this rally losing steam. And I'll be stocking up again on the cheap.
I do know one of the major cards they have that has yet to be played, but will at some point when gold is at $1000, or maybe they wait until it is $2000, but it is the ETF GLD, controlled by Barclays Bank in UK, in which the Rothchilds have a controlling interest. GLD's gold is NOT audited, and I think they have less than what they claim. Wouldn't take much to dump the gold they do have onto the open market on the sly, or perhaps just confiscate it all. Hold Physical gold only.
I do know one of the major cards they have that has yet to be played, but will at some point when gold is at $1000, or maybe they wait until it is $2000, but it is the ETF GLD, controlled by Barclays Bank in UK, in which the Rothchilds have a controlling interest. GLD's gold is NOT audited, and I think they have less than what they claim. Wouldn't take much to dump the gold they do have onto the open market on the sly, or perhaps just confiscate it all. Hold Physical gold only.
Jdog, I liked your helicopter ben avatar, what happened to it?
Both oil and gold will have big corrections.
They know they cannot control the bull market longterm, but they can control it short and intermediate term. So, what they do is allow them to run wild to upside before they intervene.
For instance oil runs from 70 to 100, they "smash" it back to 85, and tell everyone how much its went down.
Gold runs from 600 to 850 and they "smash" it back to 700 and tell everyone how volatile it is and how much it went down.
Whats surprising is that no matter much they rise and how small the correction, people still cant see the forest through the trees.
The game is the same, only the names and faces change.
:drink:
Both oil and gold will have big corrections.
They know they cannot control the bull market longterm, but they can control it short and intermediate term. So, what they do is allow them to run wild to upside before they intervene.
For instance oil runs from 70 to 100, they "smash" it back to 85, and tell everyone how much its went down.
Gold runs from 600 to 850 and they "smash" it back to 700 and tell everyone how volatile it is and how much it went down.
Whats surprising is that no matter much they rise and how small the correction, people still cant see the forest through the trees.
The game is the same, only the names and faces change.
:drink:
Jdog, Im certainly not going to short any precious metals, but you and I both know they are going to intervene before the gold price gets out of hand.
Smart traders know to simply step aside after a few blowoff upside days like we've had, book some profits, and watch the helicopters and ppt wipeout the late comers and other speculators that doubled up and created another short-term/intermediate-term top.
Had Robert Rubin actually taken the ceo job at citigroup, the dollar drop would have been halted. I still would not be surprised to see dollar have a large short term upside rally, but surprisingly its yet to occur.
Currencies arent something Ive traded very often as Im more of a stock guy, but I do watch various currencies in order to read the tea leaves.
No market drops or rises day after day for very long. Crowded trades eventually have large moves in opposite direction and there is no question the dollar short trade is a very crowded boat, so that boat is going to be hit with a torpedo.
Smart traders know to simply step aside after a few blowoff upside days like we've had, book some profits, and watch the helicopters and ppt wipeout the late comers and other speculators that doubled up and created another short-term/intermediate-term top.
Had Robert Rubin actually taken the ceo job at citigroup, the dollar drop would have been halted. I still would not be surprised to see dollar have a large short term upside rally, but surprisingly its yet to occur.
Currencies arent something Ive traded very often as Im more of a stock guy, but I do watch various currencies in order to read the tea leaves.
No market drops or rises day after day for very long. Crowded trades eventually have large moves in opposite direction and there is no question the dollar short trade is a very crowded boat, so that boat is going to be hit with a torpedo.
DAW the avatar just dissapeared one day,:think2:I figured JOE C or perhaps Willie complained about it:missingte
This correction sure is messing up my SIRI and XMSR rally this week....those mfers just want to run after the MM's blew out all the stops last week. Stocked up on some more on the cheap.
This correction sure is messing up my SIRI and XMSR rally this week....those mfers just want to run after the MM's blew out all the stops last week. Stocked up on some more on the cheap.
