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Title: Gold Futures Jumps by Most Since March 2009; Silver Rises to 30-Year High
Source:
Bloomberg
URL Source: http://www.bloomberg.com/news/2010- ... fed-boosts-debt-purchases.html
Published: Nov 4, 2010
Author: By Pham-Duy Nguyen
Post Date: 2010-11-04 15:30:02 by Brian S
Keywords: None
Views: 67368
Comments: 102
Gold surged the most since March 2009 and silver rose to a 30-year high after the Federal Reserve said it will buy more debt, driving the dollar lower and boosting demand for precious metals as alternative investments. The dollar fell to the lowest level in almost nine months against a basket of major currencies. The Fed yesterday said it will buy an additional $600 billion of Treasuries through June to spur growth. Before today, gold futures gained 22 percent this year, reaching a record $1,388.10 an ounce on Oct. 14. “The Fed aims to weaken the dollar and create inflation,” said Peter Schiff, the president of Euro Pacific Capital in Westport, Connecticut. “Gold and non-dollar investments should benefit from their efforts.” Gold futures for December delivery rose $40.30, or 3 percent, to $1,377.90 an ounce at 12:02 p.m. on the Comex in New York. A close at that price would mark the biggest gain for a most-active contract since March 19, 2009. The Federal Open Market Committee said yesterday that it was compelled to act because “progress” toward objectives of full employment and stable prices “has been disappointingly slow.” The U.S. and other governments kept interest rates low and spent trillions of dollars to revive the global economy. ‘Inflationary Threat’ “Investors are starting to think about the long-term inflationary threat,” said Adam Klopfenstein, a senior market strategist at Lind-Waldock in Chicago. “The $600 billion in bond purchases looks very friendly for buying anything tangible like gold. Commodities are going to look undervalued.” The Thomson Reuters/Jefferies CRB Index of 19 raw materials rose to a two-year high. “Commodity prices are far more likely to rise than to fall,” said Dennis Gartman, an economist and the editor of the Suffolk, Virginia-based Gartman Letter. The Fed has signaled that “it will do what it must to assure that deflationary pressures are dealt a death blow, that inflation is the better choice.” Inflation expectations, based on the 10-year U.S. Treasury breakeven rate, have fallen to 2.17 percent from 2.4 percent at the beginning of the year. Gold is traditionally a hedge against accelerating consumer prices. Silver futures for December delivery jumped $1.154, or 4.7 percent, to $25.59 an ounce. Earlier, the price reached $25.72, the highest level since March 1980. Palladium futures for December delivery climbed $26.50, or 4.1 percent, to $669.20 an ounce on the New York Mercantile Exchange. Earlier, the price touched $676.85, the highest level since May 2001. Platinum futures for January delivery rose $52.10, or 3.1 percent, to $1,749.30 an ounce.
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#63. To: lucysmom (#62)
Beyond that, relating money to the right to speak reminds me of this, "All animals are equal, but some animals are more equal than others." The minority opinion attempted to shut people up. The constitution is very clear. They are allowed to make NO LAW restricting free speech. In order to shut corporations up and not allowing people to speak for them would require a law restricting free speech. That is forbidden in the constitution. Checkmate. N
That's correct. Because income tax is paid on profit it would be pretty darn difficult to figure what portion of the price of a product or service is tax, or how much prices would fall, or if they would fall at all, if corporations were exempt. But the fact remains corporations don't pay taxes. WE DO it for them via higher prices than the market requires or demands. My guess is that if taxes were removed from corporations, much of the savings would go to bonuses and dividends, not in lower prices (we also pay CEO compensation). Prices wouldn't fall by much, if at all, and we would be taxed at a higher rate to compensate for business's good tax fortune.
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson
No, its not 'difficult' at all. You can look it up locally, quite easily. As for the theory about 'much of the savings would go into bonuses and dividends', not in a world competing with Wal Mart, and not in this particular economic condition where providers of goods and services are scrambling for customers. But the bottom line remains: Corporations do not pay taxes, the customers for their goods and services do.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
At five foot six inches with a thirty one inch waist yet weighing 168 because muscle is heavier than fat, you should not worry about my height. Worry that I could easily knot you into pretzel boy if you ever put your nose as close to my ass in real life as you do metaphorically in forum. In any event, I am amused you dedicate your existence to following me around spending the same level of energy hating me people expend in the act of deep love of another. My height is something I wouldn't change for anything, so where does that leave your silly theory? Besides, even if it was an issue; it would just be an issue of height. That would be preferable to being ignorant, lacking brain horsepower and being socially inept as is the case with you. It's nice having you so attentive. You feel it bothers, it doesn't. With you so close wanting to stick your nose up my butt there is always entertainment at hand. And it is appreciated. ;-D
LOL! Even if you were seven feet tall and weighed a rock solid 400#, you'd still be nothing but a insipid little pussy ferret girl. Because what counts is the fight inside of a person, and you are nothing but an all talk, puffed up little pussy. "Bragging" about how you'd kick somebody's ass on the web! LOL! Real "MACHO"! NOT!, you little simpering libturd bitch. YOU are a JOKE! Pointing at you, LMAOAY!!!!!!!!!!!!!!!!!!!
Living in mouth breather's empty noggins 24/7/365 totally rent free!
I'm not possitive, but I think I read a post where someone said WhiteSands is female..correct me if I'm wrong WS!
"I really wanna care. I wanna feel somethin'. Let me dig a little deeper:. No, My give-a-damn's busted"~ Messina Jo Dee
Mammy, we don't call her MrsBadeye for nothin'.
LOL! Shouldn't you be somewhere sucking dwarf's a$$hole freddy?
Living in mouth breather's empty noggins 24/7/365 totally rent free!
Who's we, horse fucker?
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Oh! Then that means you're getting your ass kicked by another woman...figures!
"I really wanna care. I wanna feel somethin'. Let me dig a little deeper:. No, My give-a-damn's busted"~ Messina Jo Dee
Individuals who make up the corporation may speak all they wish on behalf of the corporation that, BTW, has no independent thoughts, opinions, or voice because it does not exist except for those human beings. In the upside down world the corporation is human and money is speech.
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson
Bottom line, its a chicken or the egg question - we could just as easily say that business pays all taxes because one way or another most people get their money from some kind of business.
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson
ohhh you're an angry little smurf! 9 references to yourself in one post! A clear sign you suffer low self esteem. Short men were found most jealous in the presence of powerful, tall potential rivals It is said they are prone to bouts of aggression, showing off and keeping a close eye on their wives or girlfriends at parties. Vertically challenged men may argue that the notion of a "short man syndrome" is an unfair, inaccurate stereotype. The findings could help explain why diminutive males from Napoleon Bonaparte and Benito Mussolini to Tom Cruise and Dudley Moore have on occasion been accused of overcompensating for a lack of physical stature.
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This is FACT. What you posted is an attempt at rationalization that falls short.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
The fact is that money isn't anything unless it flows, and when it flows, it gets taxed. You rationalize like a hormonal teenage boy trying to convince his virgin girlfriend that it will be good for her too.
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson
And you're beginning to talk like those foul mouthed liberal fags you hang with at the nest, backstabbing the members here at LF, badeye in particular!
"I really wanna care. I wanna feel somethin'. Let me dig a little deeper:. No, My give-a-damn's busted"~ Messina Jo Dee
Sorry goofy, I learned early on 'vigins' aren't worth the effort. Corporations don't pay taxes. This is simple fact, and basic economics 101. Its not surprising a uber liberal doesn't understand this, or chooses to avoid admitting its reality.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
(chuckle) Whats posted by my anti groupies is of no importance, beyond noting how far into their brain I am. Some of them are STILL worked up over comments from five or more years ago. I take it as a badge of honor, actually, and the clearest admission of winning these 'forum wars' you can ever receive. I've never hit that website..no reason to.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
I respect your expertise in the foul mouth department.
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson
Hmmm - not laughing now, are you?
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. Thomas Jefferson
Well Mammy, you've got the foul-mouthed part down pat. I'm not so sure about how you and Stone know so much about fags. Personal experience?
Here you are, with your pointy little nose planted firmly up my ass again. I find the culture of deceit and abuse of this forum fascinating. The theme you play with here was first introduced by Stone, and now you are here being his pit bull laying down suppressive fire with it. If i was vain and arrogant, I wouldn't be engaged in the politics of iconoclastic endeavor. People who think of themselves first and are willing to put the truth in the back seen do so to be successful in politics or business. They do not engage in dissent. It is precisely because I am educated into the nuances of how Machiavellian tactics work, I see this game you are playing. And you are not smart enough to engage in this without prompting. If I was arrogant and too full of myself for my own good, I would be insulted and take offense. But I see the game you guys are playing and I'm merely amused. You are Stone's Crusader Rabbit, nothing more. Amusing post, thanks for sharing, buttercup. (and for pity sake, clean that shit off of your nose.)
That's true, I do, I speak what's on mind without the sugar coating, but then I've never attempted to pass myself off as some ignorant welfare teat sucker either. As for the other's and their sexual preference, their posts speak for themselves...
"I really wanna care. I wanna feel somethin'. Let me dig a little deeper:. No, My give-a-damn's busted"~ Messina Jo Dee
War refers to Sand as female, and I believe this to be the case as well. However, this interlocutor takes on male attack tactics, so I take the cue on how someone likes to be treated and will refer to her as a he. Sand is filling a role Stone wants filled in his forum of someone to try to harass viewpoints into silence. Stone does not want to overtly ban and make his political paradigm officially the only one here, he works in a sneakier and more passive aggressive way. Sand is a tool and allows herself to be manipulated in a submissive way, and I find it fascinating to see this character work trying to act as a male, but ultimately failing as her true gender unconsciously shines through in interesting ways. I am every bit as much a sociologist as I am a political animal, and people like her make this an interesting ant farm to watch. The dysfunction and games are fascinating to watch. If I was here merely to talk politics and not to watch the interplay of abuse and deceit, I would of stopped checking this loony bin out a long time ago.
How about some examples so we can see what you see? According to Stone, 90% of the nest are homos, and the rest are metrosexual fags. I'd like to see how you know that by their posting style.
I think Whitey's real name is Pat. See the problem?
Then I am possitive you won't have any trouble finding that quote where McCain said 'Palin isn't qualified to be president. I know Bush said it, it's everywhere on the net, but not McCain...
"I really wanna care. I wanna feel somethin'. Let me dig a little deeper:. No, My give-a-damn's busted"~ Messina Jo Dee
I did, and already posted a quote sneaky was talking about. I also noticed a few posts back someone beat me to it. Anyway, as Lily Tomlin once said, ''Man invented language to satisfy his deep need to complain.'' Now Sneaky has been proven to be correct, the argument will shift to parsing the nuances of McCain's words. That's just how it goes in discussions like that.
Yup. If male, he stands Pat in front of the urinal when he pees. Right?
Bigotry takes different forms and has different targets, but the social mechanics are always the same. People who institutionalize racism are sure that if a Black man looks at a White woman, he's hell bent to leather obsessing about getting her in bed. People who institutionalize homophobia invent equally absurd stereotypical behaviorisms about homosexuals and project them on anyone they don't like and accuse them of being gay because they claim to be experts on gay behavior.
I don't know which post to look for, point it out, if it's true, I will apologize...but I won't play word games.
"I really wanna care. I wanna feel somethin'. Let me dig a little deeper:. No, My give-a-damn's busted"~ Messina Jo Dee
What in the world would you have to apologize for? It is obvious to anyone watching McCain's interview objectively that he does not support her for president. And he would if he thought her ready and able to do the job. The thing going on here is derived from the same principle that makes the average woman prefer beauty to brains. They know all too well the average man can see better than he can think. Stone likes what he sees when ogling Palin, and the hormonal reaction that causes this lust filters out anything that knocks anyone he takes pleasure in looking at or listening to.
Read my lips! I said I would apologize if you (or pete), show us where McCain said Palin 'Isn't Qualified to be president'....neither of you have done this. Either McCain said it, or he didn't, which is it? No one asked you what you 'thought mccain said', I'm calling both of you Bald Faced Liars!
"I really wanna care. I wanna feel somethin'. Let me dig a little deeper:. No, My give-a-damn's busted"~ Messina Jo Dee
Read mine, opinions are like assholes, everyone has one. Call me what you want, people consider the source anyway. The simple truth is McCain would protect his reputation in that he chose her to be his running mate if he thought her qualified for the job. HE not only excluded her, he made a reference to excluding a mention of her as a possible presidential candidate because he knew the omission would spark the back biting from the Palin camp which is a large part of why he doesn't support her for POTUS. He sent a message to them not to bother contacting him to whine about his change of heart about her. ;-D
And I am indeed 'bald' faced' my dear. How did you know I shave every morning? I never expected a Miss Clara's crystal ball moment from you; I'm impressed.
Sure I am goofy, those idiots are so ate up with the goofies you can't help but laugh. Surprised you would think otherwise...NOT...(laughing)
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Yep. Hilarious that a couple of these posters whine constantly about mealy mouthed politicians...and citing here a mealy mouthed answer from McCain. The irony is too rich.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
I never expected a Miss Clara's crystal ball moment from you; I'm impressed. Two sentences with four references to yourself. Little smurfs disease. Short men were found most jealous in the presence of powerful, tall potential rivals It is said they are prone to bouts of aggression, showing off and keeping a close eye on their wives or girlfriends at parties.
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Smurf is an anarchist for larger government.
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English not your first language,bitch?
"I adore John McCain, support him 100 percent and will do everything I can to support his reelection. As everyone knows, I was honored and proud to run with him. And Todd and I were with him in D.C. just a week ago." (Sarah Palin,Dec 2009) ************************************ DID Palin say or write these things or not? (Me) I don't know or F ing care. (Mad Dog posted on 2009-12-26 16:36:33 ET,post # 105 http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=5510&Disp=114#C114)
That was a split decision, I support the dissenting opinion.
#64. To: Badeye (#60)
Variables in figuring it include county, state, THEN federal taxes. No hard and fast 'rule' due to this.
#65. To: lucysmom (#64)
That's correct. Because income tax is paid on profit it would be pretty darn difficult to figure what portion of the price of a product or service is tax, or how much prices would fall, or if they would fall at all, if corporations were exempt.
#66. To: WhiteSands (#57)
"Diminutive males often have self esteem issues."
#67. To: cornflake boy ferret girl Ferret Mike, white sands (#66)
#68. To: Mad Dog, Ferret Mike, WhiteSands (#67)
"Bragging" about how you'd kick somebody's ass on the web! LOL! Real "MACHO"! NOT"!
#69. To: Murron (#68)
#70. To: Freddy the fudge packing racist libTURD moron Mertz, Murron (#69)
#71. To: Fred Mertz (#69)
Mammy, we don't call her MrsBadeye for nothin'.
#72. To: Fred Mertz (#69)
(Edited)
"we don't call her MrsBadeye for nothin'."
#73. To: A K A Stone (#63)
In order to shut corporations up and not allowing people to speak for them would require a law restricting free speech.
#74. To: Badeye (#65)
But the bottom line remains: Corporations do not pay taxes, the customers for their goods and services do.
#75. To: Ferret Mike, aka Little Smurf Bitch or He-that-was-pwned-by-a-6-dollar-an-hour-rent-a-cop (#66)
Barrack Hussein Obama
President of the United States of America said that some Americans ; "They can come for the ride, but they gotta sit in back."
#76. To: lucysmom (#74)
But the bottom line remains: Corporations do not pay taxes, the customers for their goods and services do.
#77. To: Badeye (#76)
This is FACT. What you posted is an attempt at rationalization that falls short.
#78. To: lucysmom, Badeye (#77)
"You rationalize like a hormonal teenage boy trying to convince his virgin girlfriend that it will be good for her too".
#79. To: lucysmom (#77)
You rationalize like a hormonal teenage boy trying to convince his virgin girlfriend that it will be good for her too.
#80. To: Murron (#78)
#81. To: Murron (#78)
And you're beginning to talk like those foul mouthed liberal fags...
#82. To: Badeye (#80)
I take it as a badge of honor, actually, and the clearest admission of winning these 'forum wars' you can ever receive.
#83. To: Murron (#78)
And you're beginning to talk like those foul mouthed liberal fags you hang with at the nest,
#84. To: WhiteSands (#75)
(Edited)
"9 references to yourself in one post!"
#85. To: Skip Intro (#83)
Well Mammy, you've got the foul-mouthed part down pat. I'm not so sure about how you and Stone know so much about fags. Personal experience?
#86. To: Murron (#68)
"I'm not possitive, but I think I read a post where someone said WhiteSands is female..correct me if I'm wrong WS!"
#87. To: Murron (#85)
As for the other's and their sexual preference, their posts speak for themselves...
#88. To: Ferret Mike (#86)
#89. To: Ferret Mike (#86)
"I am every bit as much a sociologist as I am a political animal"
#90. To: Murron (#89)
#91. To: Skip Intro (#88)
''See the problem?''
#92. To: Skip Intro (#87)
(Edited)
''I'd like to see how you know that by their posting style.''
#93. To: Ferret Mike (#90)
#94. To: Murron (#93)
http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=14841&Disp=75#C54
#95. To: Ferret Mike, Badeye, sneaky pete, A K A Stone (#94)
"What in the world would you have to apologize for? It is obvious to anyone watching McCain's interview objectively that he does not support her for president. And he would if he thought her ready and able to do the job".
#96. To: Murron (#95)
(Edited)
#97. To: Murron (#95)
#98. To: lucysmom (#82)
I take it as a badge of honor, actually, and the clearest admission of winning these 'forum wars' you can ever receive. Hmmm - not laughing now, are you?
#99. To: Murron (#95)
Either McCain said it, or he didn't, which is it? No one asked you what you 'thought mccain said',
#100. To: Ferret Mike, Bitch Smurf (#97)
And I am indeed 'bald' faced' my dear. How did you know I shave every morning?
Barrack Hussein Obama
President of the United States of America said that some Americans ; "They can come for the ride, but they gotta sit in back."
#101. To: Badeye, Murron, Smurf Bitch (#99)
The irony is too rich.
Barrack Hussein Obama
President of the United States of America said that some Americans ; "They can come for the ride, but they gotta sit in back."
#102. To: Murron (#95)
I'm calling both of you Bald Faced Liars!
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