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Even though Gold falls below $1300/oz. on the Back of a Slew of Economic Data, I Remain Extremely Bullish
GOLD UP-DATE August 06, 2013 Even though Gold falls below $1300/oz. on the Back of a Slew of Economic Data, I Remain Extremely Bullish By David Levenstein After holding above the important psychological support level of $1300 for most of last week, on Monday August 05, the price of gold fell below this after a series of economic data from around the globe recorded a slight positive trend causing the US dollar to gain slightly against its peers. In the United States, economic activity in the non-manufacturing sector grew in July for the 43rd consecutive month. According to the Institute for Supply Management (ISM), U.S.
Whats Next for the Dollar and Currencies?
By: Axel G. Merk, Merk Investments In the short to medium term, the U.S. dollar and currencies are heavily influenced by what the Fed may be up to next. As the Federal Reserve (Fed) may be reading tealeaves as much as anyone else, we may be facing particularly high policy uncertainty that, in turn, reflects on elevated volatility in the bond and currency markets.
New Study Shows US Debt 6 Times Greater Than Officially Declared. Its Not $12 Trillion, Its $70 Trillion
The United States has accumulated over $70 trillion in unreported debt, an amount nearly six times the declared figure, according to a new study by University of California-San Diego economics Professor James Hamilton. The unique aspect of Hamilton’s study is that he examines federal debt that has not been publicly released, specifically the federal government’s support for “housing, other loan guarantees, deposit insurance, actions taken by the Federal Reserve, and government trust funds.” DEBT TICKER HERE I have no doubt that our actual debt is far worse than reported. The government lies and I don't say that in passing or stereotype, it's a matter of fact and very much so in the news. They lie, they lie, they lie.
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