Archive for the 'Economy' Category
U.S. Mint Runs Out of One Ounce Gold Coins
November 27th, 2009Via: Reuters: The U.S. Mint said on Wednesday it will suspend sales of the popular American Eagle 1-ounce bullion coins as rising demand depleted its inventory. “The United States Mint has depleted its current inventory of 2009 American Eagle 1-ounce gold bullion coins due to the continued strong demand for this product,” the Mint told […]
Pound Falls Broadly on Dubai Debt Problems
November 26th, 2009Coincidence: London Stock Exchange Halted Via: New York Times / Reuters: Sterling fell on Thursday, with the euro hitting a one-month high against the UK currency, on worries about British banks’ exposure to debt problems in Dubai and concern over UK economic health. The pound also fell sharply against the dollar, which recovered some of […]
London Stock Exchange Halted
November 26th, 2009Mmm hmm. Via: CNBC / AP: LONDON – The London Stock Exchange PLC has halted electronic trading because of technical issues. The LSE says the break to trading on Thursday is due to connectivity issues, but it hasn’t yet determined the root cause of the problem. The exchange has placed all order-driven securities in to […]
EMERGENCY: USDJPY
November 26th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Update: Dollar Hits 14-Year Low in 86 Yen Zone in Tokyo Via: Kyodo: The U.S. dollar hit a 14-year low in the upper 86 yen level early Thursday afternoon in Tokyo as it remained weak across the board on persistent speculation […]
IMF Sold 10 Tons of Gold to Sri Lanka
November 26th, 2009Via: AFP: The International Monetary Fund said Wednesday it had sold 10 tonnes of gold to Sri Lanka’s central bank for 375 million dollars, as part of a restructuring of IMF financial resources. It was the third IMF sale of gold in a month as the Washington-based institution seeks to reduce its dependence on lending […]
Dollar Wreckage
November 26th, 2009WARNING: This is not a recommendation to buy, sell or hold any financial instrument. UPDATE: USDJPY Just now… BOJ will try to release the ninjas here… —End Update— The dollar has finally broken down solidly into the 74s. A retest of the all time lows looks likely now. If there’s going to be a bounce […]
1983: Tungsten Filled Gold Bars in Wake of London Bullion Theft
November 25th, 2009In response to The Rumor About London Good Delivery Gold Bars That Are Allegedly Filled with Tungsten, JS sent this Reuters article from 1983. The tungsten trick has been tried before. Via: New York Times: Austrians Seize False Gold Tied to London Bullion Theft REUTERS Published: December 22, 1983 The Austrian police announced the arrest […]
CBS Reporter Digging Into Swine Flu Scam
November 25th, 2009Via: Mercola: The point is, of the vast majority of the presumed swine flu cases recognized by trained physicians, the vast majority were not flu at all. They weren’t swine flu or regular flu; they were some other sort of upper respiratory infection.
The Secret Political Reach Of ‘The Family’
November 25th, 2009Via: NPR: You may recognize these names from recent headlines: Sen. John Ensign, Rep. Bart Stupak and Rep. Joe Pitts. Stupak and Pitts have become familiar names through the media’s health care overhaul coverage; their abortion funding amendment introduced an 11th-hour twist as the House of Representatives approached a vote on a landmark health care […]
Big Error Behind Missing Gold at Royal Canadian Mint
November 25th, 2009Via: CTV: RCMP have solved a bizarre mystery: How did $15.3 million in gold vanish from the Royal Canadian Mint? And while their report is still two weeks away, CTV News has learned the answer. “Senior government officials say there was a colossal error at the mint itself,” said CTV Ottawa Bureau Chief Robert Fife […]
