17 September 2010

Hyper Report - 100917


First....
Euro Rallies Through Key Resistance Following Spanish Debt Auction
Unlike the US Treasury auction which met with weak sales, the Euro rose to its highest level in more than a month after a strong debt auction in Spain. Perhaps this is because of mixed results from U.S. economic data on manufacturing, jobless claims, wholesale prices and capital inflows.

Next...
Losses From Fannie Mae, Freddie Mac Seizures May Near $400 billion
Fannie and Freddie hold $1.6 trillion worth of mortgage loans and taxpayer losses from the government seizure of these two mortgage giants could reach nearly $400 billion. Yes, the great experiment in letting unqualified people buy houses they cannot afford is coming to an end.

Next...
Foreclosures Rise; Repossessions Set Record
US foreclosure activity rose in August from the previous month, and banks and lenders took ownership from homeowners at a record pace at over 95,000 homes. In all, over 330,000 properties were in the foreclosure process. In addition, there is still a buildup in delinquent loans that are not in foreclosure. So get ready for more record foreclosures in the near future.

Next...
Congressmen Weiner and Waxman Set Gold Hearing
Well, it looks like the pressure is on to try to get the masses to not buy gold and buy soon-to-be worthless T-bills folks! Now the irresponsible lunatics who helped bring gold to these prices, want to hold hearings on gold. Let them have their hearings... It will be laugh-out-loud funny as the Congressman Weenie and Earwax explain why gold is going up in value. Money may not grow on trees; however, US dollars may as well do. Perhaps we will have another colossal gaff like the one at the CFTC meeting in April exposing the 100:1 paper to physical ratio. Anyway, while the gullible crowd is following the high price of gold and selling it to Cash-4-Gold at 10 cents on the dollar, smart investors will looking at the following:

Next...
Silver Offers Investors an Outstanding Opportunity to Make Large Profits
No question about it, perhaps because of investing or industrial uses, silver is on the rise. The price of Silver has increased by 20%, compared to gold’s 15%, since the start of 2010. On the investing side, for the very first time in our history, all currencies are now fiat. In addition, it is a known fact that every fiat currency, since the Romans started diluting the silver content of their Denarius, has ended in devaluation and eventual collapse of both the currency and of that particular economy. In other words, hyperinflation, not the barbarians destroyed the Roman Empire. Today, silver remains extremely undervalued and the recent move above $20/oz signifies that a major shift is occurring in this market. It is expected that the price of silver will be towards $25 before the end of the year; therefore, buy physical silver.

Finally,
Please prepare now for the forthcoming economic, and subsequent social, unrest that will hit the US.

Good Day

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