Network Archives

Jim Rogers: I Bought More Gold Today; Bull Market Far From Over

"I bought more today, as a matter of fact. I bought a little bit, not much, over the last few days in case this was the bottom. I would not be surprised if there's another chance to buy lower later on, but I'm buying and I own it. I haven't sold any. Long bull markets always end in a bubble or mania before it’s over with. And when there's a bubble in gold, I hope I'm smart enough to get out. We haven't seen a bubble yet. Until recently, if you went around any U.S. city, you would see signs outside many jewelry stores saying 'We buy gold.' Later there’ll be signs there saying, 'We sell gold,' and people will be lining up to buy it in big ways." Continue reading →

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Contrarians “Would Buy Gold & Bonds” Says Marc Faber as Rising Dollar Dents All Asset Prices

"'Right now equities, bonds and gold are very over-sold,' said Dr.Marc Faber – author of the Gloom, Boom & Doom Report – to Bloomberg on Friday, 'and they could easily rally.' Compared to the stock market however, 'sentiment in bonds and gold is incredibly negative. In other words, as a contrarian I would rather buy bonds and gold than equities.' Also giving a reading contrary to the headlines about ending QE which followed Ben Bernanke's press conference last Wednesday, 'Unless the economy has essentially fully recovered by mid-2014, more QE will be forthcoming,' said Faber." Continue reading →

Continue ReadingContrarians “Would Buy Gold & Bonds” Says Marc Faber as Rising Dollar Dents All Asset Prices

When ETF Paper Beats Gold Rock

Demand for physical gold across the world continues to surge at an unprecedented pace leading India to blame its soaring current account deficit, sliding currency and even deteriorating economy on it (even if failing in its attempts to regulate demand for the yellow metal), and yet gold continues to slide. How come? One word - paper, or rather, ETF paper." Continue reading →

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Bill Bonner: An Important Lesson from Tony Soprano

"Whew! The Fed is number one in central banking. And it's finding out just how tough it can be to meddle with a $16 trillion economy. On Wednesday, Ben Bernanke came out with a public statement. He said that if all went well... and he didn't change his mind... and nothing unexpected came up...and the Fed's Open Market Committee felt like it... the Fed would begin tapering its bond buying sometime soon. That was all it took to send a shiver up investors' spines... and a sell signal to Wall Street. Everything sold off – stocks, bonds, commodities, gold... you name it." Continue reading →

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Paul Craig Roberts: Stasi In The White House

"On June 19, 2013, US President Obama, hoping to raise himself above the developing National Security Agency (NSA) spy scandals, sought to associate himself with two iconic speeches made at the Brandenburg Gate in Berlin. Fifty years ago, President John F. Kennedy pledged: 'Ich bin ein Berliner'. In 1987, President Ronald Reagan challenged: 'Mr. Gorbachev, tear down this wall.' Obama’s speech was delivered to a relatively small, specially selected audience of invitees. Even so, Obama spoke from behind bullet proof glass. Obama’s speech will go down in history as the most hypocritical of all time. Little wonder that the audience was there by invitation only." Continue reading →

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Ex-Cops Vote to Exempt Themselves From New York’s Seven-Round Ammunition Limit

"New York State Senate approved a bill exempting retired law enforcement officers from a new seven-round limit on the number of rounds people are allowed to have in their guns. The amendment is simply about elevating one class of citizens above another, which is especially objectionable in this context because supporters of the exemption argue that the difference between seven rounds and 10 rounds can be the difference between life and death. Retired cops want to make sure their capacity for self-defense exceeds that of their fellow citizens, even though by their own account people may die for want of that advantage." Continue reading →

Continue ReadingEx-Cops Vote to Exempt Themselves From New York’s Seven-Round Ammunition Limit

A life sentence … for pot?

"The top federal prosecutor in Montana — Mike Cotter, the U.S. attorney appointed by President Obama in 2009 — is breaking his silence and speaking publicly, for the first time, about his two-year crusade to shutter the medical marijuana industry and put its practitioners behind bars, in many cases for life sentences. And he is mincing no words. He says that pot has no medical value at all, for anyone, and that if you think otherwise, you are a sucker who has been duped 'by slick Madison Avenue marketing' employed by pot dealers. He says pot is a dangerous drug and growing it is a federal crime that must be punished." Continue reading →

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IRS Targeted Progressive Groups, Too, Documents Reveal

"The Internal Revenue Service targeted progressive groups applying for tax-exempt status in addition to conservative ones, according to IRS documents released by congressional Democrats on Monday. The documents and an internal IRS report being sent to congressional committees reveal that the tax agency used terms that included 'progressive' and 'occupy' to flag progressive organizations for extra scrutiny before the 2012 elections. The revelations greatly complicate the political scandal that has engulfed the IRS over the past few weeks. A request for comment from the IRS was not immediately returned." Continue reading →

Continue ReadingIRS Targeted Progressive Groups, Too, Documents Reveal

Dutch Government Investigates Inaccurate Photo Speed Tickets

"Innocent motorists are getting tickets in The Netherlands from average speed cameras that are miscalculating the speed of some vehicles by as much as 18 MPH. National Ombudsman Alex Brenninkmeijer announced his office had opened an official investigation into the matter. Several members of parliament called for the system to be shut down until the problem is resolved, arguing there are many who just pay the fines of around 220 euros (US $290) without knowing whether they are legitimate. Fredrik Teeven, State Secretary for Security and Justice, rejected that proposal outright on Tuesday, saying a 'software update' would take care of the problem." Continue reading →

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Cops enforce wrong speed limit, will prosecute tickets anyway

"For months the speed limit on that portion of River Watch was marked incorrectly. Police say the tickets they issued during that time are valid, but some drivers are wondering whether they should have been charged for violating an incorrect speed limit. Augusta Traffic Engineer Steve Cassell said the contractor in charge of the project had authorization to reduce the speed limit, but only during specific hours and under certain conditions. According to a plan approved by Georgia DOT, the speed limit could be reduced between 9 a.m. and 3 p.m., but not during peak traffic times, such as when drivers were leaving work." Continue reading →

Continue ReadingCops enforce wrong speed limit, will prosecute tickets anyway