absolutideas

Ai note: Gold isn’t going to $2,000 an ounce. But what about $5,468,80, $6,212 or $31,822 per ounce?
written by Jeff Clark, Editor of BIG GOLD
…the four-digit gold price we’ve seen so far is with no price inflation to speak of, no effects of the atrocious increase in the money supply, and despite a rising dollar. What [...]

FED is even less conservative as its member shareholders. Yes,  more leveraged than banks like Goldman Sachs, Wells Fargo, BofA, Citi and so on. As Berry Ritholtz pointed out in his today’s post, FED’s banks are backed by 45,7 billion dollars against the sum of 2,19 trillion in assets. Two years ago FED leverage was [...]

What are the consequences of slowing U.S. dollar demand and how you could play this trend with ETF’s..
The U.S. needs to borrow $3.25 trillion this fiscal year, according to Goldman Sachs. President Obama is asking Congress to approve a whopping $3.55 trillion budget for 2010, and that may not be enough — the nonpartisan Congressional [...]