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Go Inside the $56 Billion ‘Black’ Budget

Filed in Bank Gold, gld, inflation, o by on February 20, 2011 0 Comments

The Pentagon dropped its $533 billion budget this week. Some line items get a thorough public debate — like stealth jet engines and soldier health care. Others have opaque names like “RETRACT MAPLE,” and are totally hush-hush. Welcome to the Defense Department’s classified, or black, budget. It appears to be about $56 billion, the same as last year, less some inflation.

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Hiding Details of Dubious Deal, U.S. Invokes National Security

Filed in AT T, Bank Gold, o by on February 20, 2011 0 Comments

A onetime biomedical technician with a penchant for gambling, Mr. Montgomery is at the center of a tale that features terrorism scares, secret White House briefings, backing from prominent Republicans, backdoor deal-making and fantastic-sounding computer technology. Interviews with more than two dozen current and former officials and business associates and a review of documents show that Mr. Montgomery and his associates received more than $20 million in government contracts by claiming that software he had developed could help stop Al Qaeda’s next attack on the United States. But the technology appears to have been a hoax, and a series of government agencies, including the Central Intelligence Agency and the Air Force, repeatedly missed the warning signs, the records and interviews show.

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A New Smartphone ETF Launches

Filed in AT T, New Gold, o, Spot Gold by on February 20, 2011 0 Comments

Filed under: Launches , ETF There’s an apt story in business: There’s always room for one more. Take McDonalds ( MCD ) and Burger King ( BKC ) for example. Burger King competes directly with McDonalds. The same is true in the exchange-traded fund (ETF) craze. There is already an ETF that tracks smartphones: the NASDAQ OMX CEA Smartphone Index ( QFON ). But like Burger King, we have a brand new ETF that tracks smartphones and other major holdings: the First Trust NASDAQ CEA Smartphone Index Fund ( FONE ). Continue reading A New Smartphone ETF Launches A New Smartphone ETF Launches originally appeared on BloggingStocks on Sun, 20 Feb 2011 10:10:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Gold: the ultimate inflation hedge | Al Tech Latest News World

Filed in Australian Gold, Gold, Gold Prices, Indonesian Gold, o by on February 20, 2011 0 Comments

Hе ѕаіd: “It саn аlѕο bе hard tο access аѕ аn asset class: many public еnd up buying assets thаt аrе largely invested іn mining stocks , whісh don’t always reflect gold prices accurately. ” Othеr options include buying gold bullion οr …

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WeAreChange confronts Dick Cheney and his Stand Down orders on 9/11

Filed in adobe, Gold, Gold Spot Market, o by on February 20, 2011 0 Comments

Cheney: terrorist and war criminal. Oh yes, and pathetic. This is what we can do to take the game to the evil that manipulates our world – look at this ‘powerful’ man when someone like Luke Rudkowski has the guts to confront him with his contribution to mass murder.  The ‘great’ Dick Cheney, the abuser of women who ‘killed with my own hands’, is just a pathetic old man protected by his sychophantic dark suits and scuttling away back under his stone.  Come on. Up and at ’em. Who are these ‘powerful’ people?   Nothing.  We have the numbers … We have the power … and when we figure that out – there goes their way of life. JavaScript is disabled! To display this content, you need a JavaScript capable browser. Adobe Flash Player not installed or older than 9.0.115!

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David Icke Speaking in Los Angeles in 2011

Filed in gld, Gold, Gold Spot Market, o by on February 20, 2011 0 Comments

David will be Speaking All-Day In Los Angeles on March 26th, 2011 at the Santa Monica Civic Auditorium Click here for details … ————————————————————- All-day events confirmed in Los Angeles (26th March 20…

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Obama and Geithner’s Insidious Plan to Hand the Entire Housing Industry Over to the Banks

Filed in Gold, Gold Spot Market, o, obama by on February 20, 2011 0 Comments

‘A most dastardly deed occurred last Friday when the Obama administration issued a 29-page policy statement totally abandoning the federal government’s time-honored role in helping Americans achieve the goal of homeownership. Instead of punishing t…

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Fury as David Cameron Apes Blair with £1m ‘Sofa Squad’ of Unelected Advisers

Filed in gld, Gold, Gold Spot Market, o by on February 20, 2011 0 Comments

‘David Cameron was last night accused of snubbing his own Cabinet by reviving Tony Blair’s heavily-criticised policy of running No 10 by ‘sofa diplomacy’ with a new £1 million team of unelected advisers. The high-powered Downing Street recrui…

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EU Farming Subsidies for the Royal Family Must Stay Secret

Filed in Bank Gold, Gold Spot Market, o, ubs by on February 20, 2011 0 Comments

‘Ministers have ordered an information blackout on the massive farming subsidies paid to the Queen, Prince Charles and dozens of other wealthy landowners. Payouts, which in past years have amounted to £500,000 to the Queen and more than £100,000 t…

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Bullion vs Mining Stocks | Financial News

Filed in African Gold, Bank Gold, Gold, o, platinum, silver by on February 19, 2011 0 Comments

I discuss the pros and cons of owning mining stocks vs bullion and give my opinion on 401ks. seekingalpha.com I looked at the. … It was not a pretty picture as it was revealed that a basket of silver stocks we track in my newsletter had underperformed silver by 27%” www.marketoracle.co.uk “The Canadian mining stock mutual funds lost between 25% and 55% in 2008, whereas BMG BullionFund, a mutual fund that holds physical gold , silver and platinum bullion , lost only 4%” …

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Silver Near a 31-Year High

Filed under: Major Movement , Competitive Strategy , Barrick Gold (ABX) , Commodities , Federal Reserve Back in the late 1970s, the Hunt brothers from Texas tried to corner the silver market . That drove prices to $48 an ounce. Now, 31 years later, silver is shooting higher again. The March silver futures contract closed at $32.296 per ounce , up 72 cents. Since gold is expensive, investors are turning to silver to hedge against inflation. Many fear that the Federal Reserve will not be able to control the spike in commodity prices. The Fed is buying $600 billion of treasuries and keeping interest rates near zero. Continue reading Silver Near a 31-Year High Silver Near a 31-Year High originally appeared on BloggingStocks on Sat, 19 Feb 2011 12:50:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Market Week Wrap-up

– Leading global equity indices continued floating upwards this week while the inflation drumbeat just kept getting louder. In the US, the January y/y CPI figure hit +1.6%, its highest level since last spring, and some analysts were alarmed by higher food prices creeping into CPI data sooner than expected. China’s January CPI report was lower than expected at +4.9% y/y, but markets panned the figures as heavily massaged by basket revisions. In the UK, the BoE said CPI would likely continue growing at a 4-5% clip over the short term. The World Bank released a report indicating that food prices were up 15% since October 2010 and are now only 3% away from record highs hit in 2008. Commodities moves complicated the story somewhat. While silver has pushed out to 30-year highs, there were signs that inflated soft commodity prices were beginning to unwind, with cotton and grain prices both below recent highs. Crude and gold prices have been impacted by reports that Iran is sending warships through the Suez Canal and bloody protests in Bahrain (next door to Saudi Arabia), although WTI futures were well below recent highs seen in early February. The Obama Administration unveiled its $3.73T budget proposal for 2012, including an all-time high deficit of $1.65T, reflecting the tax-cut agreement reached with Republicans in December. For 2012, the administration sees the imbalance declining to $1.1T, giving the country a record four straight years of one trillion-plus deficits. Bond prices held steady after the details were released, and Congress sharpened its knives for a budget fight. The Feb Empire Manufacturing survey hit its highest level since last June, indicating that the US manufacturing expansion seen over the last several months is continuing. On Friday there was plenty of commentary out of the G20 conference, where leaders tried mightily to achieve some concrete steps in reforming the global monetary system. Fed Chairman Bernanke took a swipe at the Chinese in his policy address to the G20, warning that nations which keep currency values low create imbalances, while the PBoC’s Zhou continued to push for a higher profile for the IMF’s Special Drawing Rights (SDRs). For the week, the DJIA rose 1.0%, the Nasdaq gained 0.9% and the S&P500 was up 1.0%. – John Deere crushed earnings and revenue targets in its Q1 report and nearly doubled its guidance for FY11 equipment sales. The firm hiked its sales guidance for its key agriculture and construction units as well, and said its Q2 revenue would blow out consensus estimates. Later in the week Caterpillar released very favorable dealer metrics for the month of January, with North America machinery sales up a whopping 58% y/y in the month. – Iron ore miner Cliffs Natural Resources reported very strong Q4 profits on a big y/y gain in iron ore pricing. The company expects global steel production to continue to grow in 2011, although it warned that spot iron ore prices are unsustainably high. Reliance Steel also blew out earnings estimates, and said pricing would remain strong at least through the first quarter of 2011. – In tech, Dell’s profit was way ahead of the consensus in its Q4 report, thanks to a big improvement in margins. The company said it believes the corporate IT…

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