In the aftermath of yesterday’s failed intervention by the US government, today Canadian legend John Ing warned King World News that the US dollar is now set to seriously plunge. Ing, who has been in the business for 43 years, also spoke about how this will be the catalyst that will send gold to new all-time…
With huge volatility in the gold market, today acclaimed money manager Stephen Leeb stunned King World News when he said that his sources tell him the Chinese are looking to buy another 5,000 tons of gold. Below is what the acclaimed money manager had to say about this startling development. Leeb: “Eric, I am focused on…
. @BarackObama sent 7 security guards to #WWIIMemorial this AM to keep out our vets. Sadly, that is 2 more than were present in Benghazi. — Senator Rand Paul (@SenRandPaul) October 2, 2013
Oct. 1 (Bloomberg) — Pimco’s Bill Gross comments on the U.S. government shutdown and the possibility of a U.S. default. He speaks with Trish Regan and Adam Johnson on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)
Odd that the mainstream media is not discussing the 4% spike in precious metals this morning as vociferously as they discussed the imminent demise of gold and silver yesterday. With stocks having given back all the Shutdown gains, gold and silver prices are surging higher retracing all yesterday’s losses as Treasury yields fall and the USD weakens…
Published on Oct 1, 2013
http://usawatchdog.com/david-morgan-m… David Morgan of Silver-Investor.com thinks a financial calamity is on its way. Morgan predicts, “I do not see hyperinflation, I see more disruption or currency crisis. You don’t have to have hyperinflation to have a currency crisis.” Even though Morgan doesn’t see hyperinflation, he contends gold and silver prices will head much higher. He sees the true price of gold right now “between $5,000 and $7,000 an ounce” and silver at “$100 per ounce.” Morgan predicts, “I think there is going to be a day in the future that you just can’t get it. The only monetary asset outside of counter-party risk is physical gold and silver.” Join Greg Hunter as he goes One-on-One with precious metals expert David Morgan.
Gold futures are tumbling amid concerns about dysfunction in Washington and the government shutdown, while stocks and bonds seem to be largely ignoring it. The dollar also fell, touching an eight-month low as buyers moved into euros and other currencies. Stocks were higher and bond prices were lower, with Treasury yields edging slightly higher. Gold…
Published on Oct 1, 2013
Celente: Govt shutdown theatrics, US lawmakers drama queens
The ‘essential’ federal services will continue working despite the shutdown. Gerald Celente, publisher of the Trends journal, says careful of the hype – the warnings of a collapse have been strongly exaggerated.
www.TrendsJournal.com
Official Gerald Celente channels: “Gcelente” & “TrendsJournal”.
©2012 TrendsResearchInstitute. Gerald Celente™.
Published on Oct 1, 2013
It’s been 17 years since the last time the US government partially ceased its work – but it’s actually the 18th time in US history it’s taking a so called ‘spending gap’. In 1977, the government was shut down three times in as many months. Jim Rogers, author of Street Smarts, Adventures on the Road and in the Marketsand believes this vicious cycle is nowhere soon to end.
Dear government workers: welcome to the private sector. This is what it feels like to have job insecurity. For the past 7 hours, some 800,000 suddenly idle Federal workers received furlough notices but were told they will still have to report to work for about four hours Tuesday even though the government is shutting down.…
