WkEnd Reads-$Hit List for 11/14

To start, its highly suggested to read in full for a weeks worth of data all in one place==>Just the Facts by Doug Noland November 13, 2009 from over at the PrudentBear http://www.prudentbear.com/ind.....t_id=10308

While there, in case you missed it read the post==>Which BIG Country will Default First? by Martin Hutchinson November 09, 2009 (opening paragraph only provided here, use link to view in FULL==>Of the world’s six largest economies, three currently have budget and public debt positions that if allowed to fester will push those nations into bankruptcy (the seventh largest, Italy, also has a budget and debt position that is highly vulnerable, but its problems appear chronic rather than acute). Given the proclivities of modern politicians for delaying pain and avoiding problems, it is likely that festering is just what those positions will do. So which major country, the United States, Japan or Britain, will default first on its foreign debt? http://www.prudentbear.com/ind.....t_id=10307

 

Marc Faber bats for gold, silver against  US dollar  http://www.commodityonline.com.....1-3-1.html

GLD, ETF warning Tungsten Filled Fake Gold Bars-“Gold Finger - A New Take On Operation Grand Slam With A Tungsten Twist” 

November 12  2009 - 12:22 PM  By: Rob Kirby  http://www.marketoracle.co.uk/Article14996.html

 

Looking Back at Peak Production of Gold Posted by Heading Out on November 14, 2009 - 10:16am, from over at The Oil Drum http://www.theoildrum.com/node/5960

Stock Market Rally is Worth Shorting Here Stock-Markets / Stock Index Trading Nov 14, 2009 - 09:11 AM  By: Alistair Gilbert (presents the case for is it time? we shall see) Worth the time and reading for the charts and comments, as WE all are watching, entry only use link==>”The S&P has been taking no hostages from the onslaught of Bears who have tried shorting it as it has climbed the wall of worry and advanced some 65% since the March lows. So is it worth shorting here at 1095? I am going to present here my evidence as to why I think that it is worth shorting here.”  http://www.marketoracle.co.uk/Article15052.html

 

To hit the Political scene (oh there is a plenty), take a look at the outspoken piece>One World Government? The globe may not be big enough                    by Dana Milbank Wednesday, November 11, 2009-One of many quotes from piece which is all over the web==>”America, if you believe this country is great but you’re not really into that whole One World Government thing, watch out,” Fox News Channel’s Beck warned a couple of weeks ago. His guest, Lord Christopher Monckton of Britain, told Beck that “at Copenhagen, a treaty will be signed that will, for the first time, create a world government with powers to intervene directly in the economy and in the environmental affairs of individual nations.”  Use link to view in full for diasagree or agree???                   http://www.washingtonpost.com/.....inionsbox1

 

Sewer Bond Debt Gets Messier for JPMorgan (Jefferson County, AL and their massive amount of problems is a royal mess and JPM is in the midst of it!)          Erin Geiger Smith|Nov. 14, 2009, 9:48 AM    http://www.businessinsider.com.....an-2009-11

 

From over at SA: Do We Goldbugs Finally Have Your Attention?  November 12, 2009 | about: GLD / IAU / SGOL                                                      http://seekingalpha.com/articl.....sb_popular

 

 

 

Uncle Sam sitting on a goldmine  * November 12, 2009: 8:38 AM ET ==>The government holds the world’s largest gold reserve, but even with gold prices at a record high, the Treasury is unlikely to sell.   http://money.cnn.com/2009/11/1.....y/us_gold/
 

 

 

 

 

 

World official gold holding (March 2009)^[8]

 

 

 

   http://en.wikipedia.org/wiki/O.....d_reserves