Tag Archive for government shutgown

Stunning – China To Accumulate Another 5,000 Tons Of Gold

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…

Gold And Silver Spike, Recover All Shutdown Losses As Stocks Tumble

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…

David Morgan-Disruption or Currency Crisis Coming

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.

Government Shutdown Theater: Making Cuts That Will Cause the Maximum Pain for Dramatic Effect

 [1] Posted By Lily Dane On October 1, 2013  In 1969, the Nixon Administration cut the National Park Service budget.  In response, George Hartzog, the NPS director at the time, closed all of the national parks for two days a week.  The closures included prominent landmarks like the Washington Monument.  Democrats and Republicans criticized Hartzog’s decision –…

“We heard there was one big seller,” said Howard Wen, precious metals strategist at HSBC

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…

Gerald Celente: “It’s Washington Drama Queens Doing What They Always Do”

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™.

Sprott Group: Palladium’s Future is Bright

TUESDAY, OCTOBER 1, 2013 David Franklin With all eyes glued to the political wrangling in Washington, and the impact of the government shutdown that took effect this morning, attention has been diverted from some very bullish developments in the palladium market. The price of the metal has struggled for direction most of this year oscillating between…

Jim Rogers: US govt shutdown is sham & charade to jerk us all around

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.

The Real “Pin” That Could Pop the Stock Bubble

 By SHAH GILANI, Capital Wave Strategist, Money Morning October 1, 20134 Nothing goes up forever. Not the Federal Reserve‘s balance sheet, not global debt levels, and not stock markets… even when governments don’t shut down. Precisely because the Fed’s balance sheet ballooned from $869 billion in August 2007 to over $3.6 trillion (and counting) today, and in spite…

Government Workers Told Not To Work On “Any Projects, Tasks, Activities Or Respond To Emails Or Voicemails”

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.…