Rome before the fall of the empire
at 2005-12-04 19:51:28
USAToday ran a cover story quoting David Walker, the nation's top auditor:
"The United States can be likened to Rome before the fall of the empire,"
says McPaper. "Its financial condition is 'worse than advertised, ...It
has as 'broken business model'. It faces deficits in its budgets, its
balance of payments, its savings - and its leadership."
GOLD GOLD GOLD
at 2005-12-04 19:51:28
Gold is now $484 !!!!
Market is worried that US Dollar has rallied too far and people are
putting their gains in something safe.
From Today's Daily Reckoning:
at 2005-12-04 19:51:28
Gold grants no interviews and holds no press conferences. It is mute. It
neither panics nor dissembles. It is a universal antidote to lies. The
more lies there are, the more valuable it becomes.
"Four-Digit Gold," is Barron's headline.
Gold surges to highest since 1983
at 2005-12-04 19:51:28
From BBC News, today November 29, 2005:
Gold prices have surged past the $500-an-ounce mark, and more gains are
predicted as investors look to protect themselves against inflation fears.
Gold hit $502.70 in London, its highest level since February 1983.
Other commodity prices also have been climbing, and platinum topped the
$1,000-an-ounce level.
Demand from jewellery makers is helping to boost prices, as is
speculation that some central banks want to cut US dollar holdings and
boost gold stores.
After hitting the high, gold fell back and stood at $496.40 an ounce in
afternoon trading in London.
Ideal conditions
"The expectations of inflation in the coming year are very high," said
Albert Cheng of the World Go
Gold rush to 18-year high at 2005-12-04 19:51:28
From today's (30 November's) THE AUSTRALIAN:
Because of the fast rise, there was no established trading range at present - and that could mean gold going through the $US510 and $US520 levels quite quickly.
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