Gold Advances to Record High, Gains ‘Like There Is No Tomorrow’

gold-storms-above-1200 gold-one-year

Messages:

1. The Fed cannot control the created excess liquidity.

2. The US dollar is about to enter into a real currency crisis.

3. Obamanomics is a complete failure. The US will default on its debt.

4. Some people know or speculate that COMEX will run out of gold.

Gold and Silver are about to go ballistic.

(Now only a stock market collapse with a strengthening dollar could lead to falling gold prices. This would be your last chance to buy gold and silver at cheap prices. Maybe gold & silver (and also other commodities) will just continue to rise while everything else collapses around them.)


gold-stoms-to-another-record-high
Gold ingots are stacked at the Argor-Heraeus SA gold producing and refining plant in Mendrisio, Switzerland

Dec. 2 (Bloomberg) — Gold surged to a record for a second day as investors stepped up purchases to protect their wealth against a slumping dollar. Shares of producers including Newcrest Mining Ltd. also advanced.

Bullion has risen 38 percent this year as the dollar has dropped 8.5 percent against a basket of six major currencies. Central banks, pension funds and individuals have bought gold as a hedge against potential currency debasement and inflation. The precious metal is climbing “like there is no tomorrow,” David Thurtell, an analyst at Citigroup Inc., wrote in a report.

“Gold prices will go up, as will other commodities,” Mark Mobius, chairman of Templeton Asset Management Ltd., said in a Bloomberg Television interview today from Hong Kong. “It’s basically the devaluation of currencies, which is ongoing and will be ongoing for many years to come.”

Spot gold climbed as much as 1.6 percent to $1,215.85 an ounce, and was at $1,214.39 at 1:52 p.m. in Singapore. Gold for February delivery in New York climbed to an all-time high of $1,216.90. Silver advanced to the highest since July 2008.

“It’s really a dollar story,” said Jerry Yoshikoshi, a senior economist with Sumitomo Mitsui Banking Corp. in Singapore. “As long as the U.S. authorities neglect a weak dollar, gold prices remain elevated.”

The Federal Reserve has kept benchmark interest rates close to zero since December in a bid to revive lending after the worst financial crisis since World War II. The U.S. government has boosted spending to combat the recession, pushing the nation’s marketable debt to more than $6.9 trillion.

The Dollar Index, a six-currency gauge that includes the yen, was little-changed today. Against the euro, the U.S. currency traded near a 16-month low.

‘Print Too Much’

“The main reason is that they continue to print too much money, and people don’t trust governments and banks,” said Jurg Kiener, chief investment officer at Swiss Asia Capital Pte in Singapore. “We keep buying” gold every day, said Kiener.

Read moreGold Advances to Record High, Gains ‘Like There Is No Tomorrow’

Israel police ‘arrest Mossad spy on training exercise’, planting a fake bomb under a vehicle in Tel Aviv

‘Just a drill’

Sure!


mossad Mossad does not give uniformed police advance notice of training sessions

A trainee spy for Israel’s secret service agency Mossad was arrested by Tel Aviv police while taking part in a training operation, media reports say.

The young trainee was spotted by a female passer-by as he planted a fake bomb under a vehicle in the city.

He was only able to persuade police he was a spy after being taken in by an officer for questioning on Monday.

The authorities have refused to comment on the story although Israeli media outlets have expressed their surprise.

‘Just a drill’

Mossad does not tell local uniformed police about its training exercises.

The country’s commercial Channel 10 said it hoped the agency’s operatives were “more effective abroad”, AFP news agency reported.

Read moreIsrael police ‘arrest Mossad spy on training exercise’, planting a fake bomb under a vehicle in Tel Aviv

Change: 71% are Angry, 46% are Very Angry at Federal Government (Rasmussen Reports)

obama-stairway-to-heaven

America is finally starting to wake up. Obama is just another elite puppet President.



Seventy-one percent (71%) of voters nationwide say they’re at least somewhat angry about the current policies of the federal government. That figure includes 46% who are Very Angry.

The latest Rasmussen Reports national telephone survey finds that only 27% are not angry about the government’s policies, including 10% who are Not at All Angry.

Men are angrier than women, and voters over 40 are more angry than those who are younger. A majority of those over 40 are Very Angry. Only 25% of under-30 voters share that view.

The data suggests that the level of anger is growing. The 71% who are angry at federal government policies today is up five percentage points since September.

Even more stunning, the 46% who are Very Angry is up 10 percentage points from September.

Read moreChange: 71% are Angry, 46% are Very Angry at Federal Government (Rasmussen Reports)

President Obama ‘to deploy 30,000 troops to Afghanistan’

Obama: ‘I will promise you this, that if we have not gotten our troops out by the time I am President, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank.’

Change you can believe in!


us-military There are 68,000 US soldiers based in Afghanistan

President Barack Obama is to send 30,000 more troops to Afghanistan and deploy them within six months, US officials have said.

Mr Obama will make the much-anticipated announcement as part of a speech to the nation at West Point military academy.

He is also expected to lay out a rough timeframe for how long the main US military mission will last.

The US currently has 68,000 troops in Afghanistan, with foreign forces overall totalling more than 100,000.

The new troops are expected to focus on tackling the Taliban in the volatile southern and eastern parts of Afghanistan.

Read morePresident Obama ‘to deploy 30,000 troops to Afghanistan’

German government is rushing through a fresh package of measures to shore up ailing banks and prevent a second wave of the debt crisis suffocating large parts of manufacturing industry

Looting the taxpayer again!

There is no recovery.

See also:

US Treasury Report: Banks Are Cutting Back on Small Business Loans, $10 Billion Evaporates

The Federal Reserve Doesn’t Want Banks to Increase Lending, Because of Inflation

This is the Greatest Depression.


Angela Merkel alarmed by worsening credit crisis

angela-merkel
German Chancellor Angela Merkel: fears of new crisis Photo: EPA

“We are in a very critical situation,” said Chancellor Angela Merkel in her weekly radio address. “We are going to discuss with leaders of the financial institutions what can be done to head off a credit crunch.”

The move comes days after the Bundesbank revealed that German banks face a further €90bn (£82bn) of likely write-downs over the next year.

Leaders of the new coalition are to meet industrialists and bankers tomorrow to thrash out an emergency plan. The proposals include a €10bn scheme to purchase toxic securities from banks. The idea is anathema in Germany and faces stiff opposition from Mrs Merkel’s Bavarian and liberal partners.

The renewed sense urgency follows a flurry of warnings from economists and business groups over the risks of a credit contraction.

Read moreGerman government is rushing through a fresh package of measures to shore up ailing banks and prevent a second wave of the debt crisis suffocating large parts of manufacturing industry

Vitamin D prevents diabetes, improves insulin sensitivity: Study

vitamin-d-prevents-diabetes
The sunshine vitamin

In a report recently published in the British Journal of Nutrition, scientists from New Zealand’s Massey University studied 81 South Asian women between the ages of 23 and 68 who were all diagnosed with insulin resistance syndrome, also known as metabolic syndrome. This condition, which is linked to an increased risk of both diabetes and heart disease, describes a cluster of health conditions that includes high blood sugar levels, high triglycerides, low levels of HDL (the “good” cholesterol), and too much fat around the waist.

For this placebo-controlled, double-blind clinical study, the women were randomly assigned to take either 4,000 IU of vitamin D3 or an inactive placebo each day. Then, at the end of six months, the scientists examined the research subjects’ health profiles. The results showed significant improvements in the vitamin D group. Specifically, their insulin resistance dramatically improved with a decrease in their fasting insulin levels. This slashed the risk they would go on to develop diabetes.

When the study began, the women’s vitamin D levels were about 50 nanomoles per liter (nmol/L), close to the average level of vitamin D (60 nmol/l) in US men and women. The researchers found that health effects were optimal when the women’s blood levels of vitamin D reached between 80 to 119 nmol/L — far higher levels than those of the typical American. In fact, the documented low levels of vitamin D in the US population could explain why 70 to 80 million Americans now have pre-diabetic metabolic syndrome, according to National Institutes of Health statistics.

Read moreVitamin D prevents diabetes, improves insulin sensitivity: Study

Morgan Stanley: Britain risks sovereign debt crisis in 2010

See also: OECD warning: Britain risks ‘debt spiral’ (Telegraph)



Britain risks becoming the first country in the G10 bloc of major economies to risk capital flight and a full-blown debt crisis over coming months, according to a client note by Morgan Stanley.

westminster
Morgan Stanley says if Westminster can’t restore fiscal credibility it could trigger debt problems.

The US investment bank said there is a danger Britain’s toxic mix of problems will come to a head as soon as next year, triggered by fears that Westminster may prove unable to restore fiscal credibility.

“Growing fears over a hung parliament would likely weigh on both the currency and gilt yields as it would represent something of a leap into the unknown, and would increase the probability that some of the rating agencies remove the UK’s AAA status,” said the report, written by the bank’s European investment team of Ronan Carr, Teun Draaisma, and Graham Secker.

“In an extreme situation a fiscal crisis could lead to some domestic capital flight, severe pound weakness and a sell-off in UK government bonds. The Bank of England may feel forced to hike rates to shore up confidence in monetary policy and stabilize the currency, threatening the fragile economic recovery,” they said.

Morgan Stanley said that such a chain of events could drive up yields on 10-year UK gilts by 150 basis points. This would raise borrowing costs to well over 5pc – the sort of level now confronting Greece, and far higher than costs for Italy, Mexico, or Brazil.

High-grade debt from companies such as BP, GSK, or Tesco might command a lower risk premium than UK sovereign debt, once an unthinkable state of affairs.

A spike in bond yields would greatly complicate the task of funding Britain’s budget deficit, expected to be the worst of the OECD group next year at 13.3pc of GDP.

Read moreMorgan Stanley: Britain risks sovereign debt crisis in 2010

Goldman Sachs Banksters Arming Themselves With Pistols Against Public

Fearing uprising Americans is what happens if you are doing ‘God’s work’?

Goldman Sachs CEO Lloyd Blankfein: I’m doing ‘God’s work’ (The Times)

The fruits of doing ‘God’s work’:

Wall Street Banksters To Pay $30 Billion Record Bonuses In 2009 (Bloomberg)

At the end of the following article you will find a collection of ‘God’s work’.


goldman-sachs
Goldman Sachs

Dec. 1 (Bloomberg) — “I just wrote my first reference for a gun permit,” said a friend, who told me of swearing to the good character of a Goldman Sachs Group Inc. banker who applied to the local police for a permit to buy a pistol. The banker had told this friend of mine that senior Goldman people have loaded up on firearms and are now equipped to defend themselves if there is a populist uprising against the bank.

I called Goldman Sachs spokesman Lucas van Praag to ask whether it’s true that Goldman partners feel they need handguns to protect themselves from the angry proletariat. He didn’t call me back. The New York Police Department has told me that “as a preliminary matter” it believes some of the bankers I inquired about do have pistol permits. The NYPD also said it will be a while before it can name names.

While we wait, Goldman has wrapped itself in the flag of Warren Buffett, with whom it will jointly donate $500 million, part of an effort to burnish its image — and gain new Goldman clients. Goldman Sachs Chief Executive Officer Lloyd Blankfein also reversed himself after having previously called Goldman’s greed “God’s work” and apologized earlier this month for having participated in things that were “clearly wrong.”

Has it really come to this? Imagine what emotions must be billowing through the halls of Goldman Sachs to provoke the firm into an apology. Talk that Goldman bankers might have armed themselves in self-defense would sound ludicrous, were it not so apt a metaphor for the way that the most successful people on Wall Street have become a target for public rage.

Read moreGoldman Sachs Banksters Arming Themselves With Pistols Against Public

Scientists grow pork meat in a laboratory for the first time

Bon appétit!


piglet

SCIENTISTS have grown meat in the laboratory for the first time. Experts in Holland used cells from a live pig to replicate growth in a petri dish.

The advent of so-called “in-vitro” or cultured meat could reduce the billions of tons of greenhouse gases emitted each year by farm animals – if people are willing to eat it.

So far the scientists have not tasted it, but they believe the breakthrough could lead to sausages and other processed products being made from laboratory meat in as little as five years’ time.

They initially extracted cells from the muscle of a live pig. Called myoblasts, these cells are programmed to grow into muscle and repair damage in animals.

The cells were then incubated in a solution containing nutrients to encourage them to multiply indefinitely. This nutritious “broth” is derived from the blood products of animal foetuses, although the intention is to come up with a synthetic solution.

The result was sticky muscle tissue that requires exercise, like human muscles, to turn it into a tougher steak-like consistency.

“You could take the meat from one animal and create the volume of meat previously provided by a million animals,” said Mark Post, professor of physiology at Eindhoven University, who is leading the Dutch government-funded research.

Read moreScientists grow pork meat in a laboratory for the first time

Gold price hits new record high $1,199.49

gold-dec-01-2009


gold-price-hits-new-record-high

LONDON — Gold prices soared to a record high point close to 1,200 dollars an ounce here on Tuesday, as demand for the precious metal was boosted by the weak US currency, analysts said.

The glamorous metal struck 1,199.49 dollars per ounce at 0905 GMT on the London Bullion Market, after smashing a series of historic peaks in recent days and weeks.

“As ever, another painful week for the US currency saw new highs for gold with the market’s impressive advance stalling only a tick away from 1,200 dollars per ounce,” said VTB Capital analyst Andrey Kryuchenkov.

“The case for gold remains bullish, with investment demand yet to show signs of abating,” he added.

Read moreGold price hits new record high $1,199.49