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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: 70333
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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#36. To: Fred Mertz (#35)
LOL
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
So since a corporation isn't a person you can't tax them right? Be consistent.
Russ Feingold I was truly shocked when he wasn't re-elected. It was only obvious for the past year he was going to lose....(eyes rolling)
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
The Founding Fathers would be leading a rebellion against this regime.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Are taxes collected on humans?
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
The founding fathers didn't confuse freedom for people with freedom for money. "We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness." That would seem to apply to what God has created, not to what human beings created by law.
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
Be consistent. If corporations are persons, they can run for political office - right? Opinion of Stevens, J.: The basic premise underlying the Court’s ruling is its iteration, and constant reiteration, of the proposition that the First Amendment bars regulatory distinctions based on a speaker’s identity, including its “identity” as a corporation. While that glittering generality has rhetorical appeal, it is not a correct statement of the law. Nor does it tell us when a corporation may engage in electioneering that some of its shareholders oppose. It does not even resolve the specific question whether Citizens United may be required to finance some of its messages with the money in its PAC. The conceit that corporations must be treated identically to natural persons in the political sphere is not only inaccurate but also inadequate to justify the Court’s disposition of this case. In the context of election to public office, the distinction between corporate and human speakers is significant. Although they make enormous contributions to our society, corporations are not actually members of it. They cannot vote or run for office. Because they may be managed and controlled by nonresidents, their interests may conflict in fundamental respects with the interests of eligible voters. The financial resources, legal structure, and instrumental orientation of corporations raise legitimate concerns about their role in the electoral process. Our lawmakers have a compelling constitutional basis, if not also a democratic duty, to take measures designed to guard against the potentially deleterious effects of corporate spending in local and national races. www.law.cornell.edu/supct/html/08-205.ZX.html Be consistent.
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
The Founding Fathers would be leading a rebellion against this regime. The founding fathers didn't confuse freedom for people with freedom for money. True, only modern day liberals like yourself do.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Sure. Corporations DON'T PAY TAXES We pay them for them, via higher PRICES ON GOODS AND SERVICES. Please make a note of this.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Note who's attacking you. Ignoring me. 8D 'Fisher described the soft and hard coral they found seven miles southwest of the well as an underwater graveyard. He said oil probably passed over the coral and killed it. The coral has "been dying for months," he said. "What we are looking at is a combination of dead gooey tissues and sediment. Gunk is a good word for what it is." … ' Why 'Muricans' can't have nice things. 8D
We pay them for them, via higher PRICES ON GOODS AND SERVICES. What is the percent of the price of a good or service that is tax?
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
It is correct. Tell me mama how would the govt stop corporations from having spokesmen? How would they do that? War was to much of a pussy to answer the question then he ran up under Robins skirt under her left knee for protection. Can you answer the question?
If a corporation is a person, why doesn't it open its mouth and speak for itself? "corporation 1. an association of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members." The Constitution begins with these words We the People of the United States... and Thomas Jefferson wrote We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights... it seems clear to me that the founding fathers understood people to be natural born persons, not an entity created by law. War was to much of a pussy to answer the question then he ran up under Robins skirt under her left knee for protection. Can you answer the question? Sonny, war isn't here anymore to answer for himself; for that reason Mama says the above is in poor taste and unbecoming a Christian.
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
So you admit that it is actually people exercising their right to speak. About time.
I see a rhetoric question. There is no admission that such an entity is a person in her quote. You are just guilty of wishful thinking, nothing more.
It's : rhetorical ( adj )
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No. I'm not.
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
Then do tell by what authority does the government limit any person from speaking at any time for any reason you can come up with.
We're not talking about limiting the speech of any person. Any person who has invested in, or works for a corporation is free to speak (except for Keith Olbermann, of course, who may not speak by order of the corporation).
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
In a statement, FAIR pointed to Center for Responsive Politics data, showing that GE made over $2 million in political contributions during the 2010 election cycle alone. In addition, GE spent over $30 million on lobbyists during the same election cycle and gave over $400,000 to Democratic and Republican governors since last year. When comparing Olbermann's donations to other NBC employee violations that went unpunished, there is a major contradiction in policy enforcement. In 2004, it was revealed that NBC chief executive Robert Wright donated thousands in campaign contributions. Later, in 2007, it was uncovered that fellow MSNBC host Joe Scarborough made a $4,200 donation to a Republican candidate. However, both Wright and Scarborough actions resulted in no suspensions or firings. http://www.examiner.com/political-buzz-in-washington-dc/msnbc-s-owners-give-millions-political-contributions Interesting how that worked out to a 'do as I say, not as I do.'
-- Ah, but when I weary of the struggle of my spell checker, used keyboard I installed on my HP lappie and my attention span when using one to correct the other, I just remember Basil Marceaux's struggle to speak as he ran as the Republican candidate for Gov in Tennessee. And then I feel better.
Four "I's" . It's all about you, you little smurf bitch. Diminutive males often have self esteem issues.
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Maybe that's what it was all about - reminding Keith who gets to say and who has to do.
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
So you support the Citizens United case or you are a liar. Which is it?
Corporations DON'T PAY TAXES We pay them for them, via higher PRICES ON GOODS AND SERVICES. What is the percent of the price of a good or service that is tax? Variables in figuring it include county, state, THEN federal taxes. No hard and fast 'rule' due to this. But the fact remains corporations don't pay taxes. WE DO it for them via higher prices than the market requires or demands. Which of course means 'taxing corporations' ala the leftwing's desire, is just ANOTHER TAX on 'We the People'.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
Pure bullshit. Olbermann violated the terms of his employment, and got smacked for doing so. The fact it was also highly unethical, given he was featuring the one Dem he donated to virtually monthly was actually worse than the contribution he made financially.
Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.
That was a split decision, I support the dissenting opinion. 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."
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
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.
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#37. To: lucysmom (#34)
#38. To: lucysmom (#30)
#39. To: lucysmom (#34)
I'm sorry you don't know the difference between a human being and a corporation; the founding fathers wouldn't make that mistake.
#40. To: A K A Stone (#37)
So since a corporation isn't a person you can't tax them right?
#41. To: Badeye (#39)
The Founding Fathers would be leading a rebellion against this regime.
#42. To: A K A Stone, Badeye (#37)
So since a corporation isn't a person you can't tax them right?
#43. To: lucysmom (#41)
#44. To: lucysmom (#42)
Be consistent.
#45. To: lucysmom, All (#32)
#46. To: Badeye (#44)
Corporations DON'T PAY TAXES
#47. To: lucysmom (#42)
it is not a correct statement of the law.
#48. To: A K A Stone (#47)
Tell me mama how would the govt stop corporations from having spokesmen?
#49. To: lucysmom (#48)
If a corporation is a person, why doesn't it open its mouth and speak for itself?
#50. To: A K A Stone (#49)
"If a corporation is a person, why doesn't it open its mouth and speak for itself?"
#51. To: Smurf Bitch, A K A Stone (#50)
I see a rhetoric question.
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."
#52. To: A K A Stone (#49)
So you admit that it is actually people exercising their right to speak. About time.
#53. To: lucysmom (#52)
#54. To: A K A Stone (#53)
Then do tell by what authority does the government limit any person from speaking at any time for any reason you can come up with.
#55. To: lucysmom (#54)
WASHINGTON - After Politico's reporting that MSNBC host Keith Olbermann recently donated $7,200 to Democratic candidates, in violation of NBC's company rules that restrict employees from making political contributions, MSNBC president Phil Griffin suspended Olbermann indefinitely without pay. However, as reported by media watchdog, Fairness & Accuracy In Reporting (FAIR), it appears that MSNBC's parent company, General Electric (GE) along with potential new owner Comcast, both violated the company's "news policy and standards" by each donating millions of dollars in campaign contributions.
#56. To: WhiteSands (#51)
#57. To: Ferret Mike (#56)
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."
#58. To: Ferret Mike (#55)
Interesting how that worked out to a 'do as I say, not as I do.'
#59. To: lucysmom (#54)
We're not talking about limiting the speech of any person.
#60. To: lucysmom (#46)
#61. To: lucysmom (#54)
We're not talking about limiting the speech of any person. Any person who has invested in, or works for a corporation is free to speak (except for Keith Olbermann, of course, who may not speak by order of the corporation).
#62. To: A K A Stone (#59)
So you support the Citizens United case or you are a liar. Which is it?
#63. To: lucysmom (#62)
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.
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