Tue, 19 August 2014
David Morgan of the The Morgan Report joined us today for a recap of recent precious metals trends. These markets are still captive to the manipulative paper forces that have kept them well below their true value for years, except for Palladium and Platinum. Palladium just hit a 13.5 year high. Platinum has hit a plateau, but based on the action in Palladium, we could easily see it go higher. Once this happens, will it pull silver and gold with it? This is often the case. One thing is certain though, the whimpering exit of the 117 year Silver Fix has been met with a complete yawn and it's business as usual.
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Tue, 19 August 2014
Mickey Fulp, the Mercenary Geologist and I discussed current petroleum supply trends. While we were speaking, the per barrel price broke $95. It is estimated that world geo-political termoil is keeping almost 4 percent of production off the market. Who knows what the price would be if that was released into the market. Another interesting development is that the Too Big To Fail Banks are no longer welcome in the commodity markets since passage of Dodd-Frank. Perhaps their absence has led to a lower short position and therefore a lower price for all. One thing is certain, it is quite unusual to see gasoline prices decline in August.
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Tue, 19 August 2014
We spoke with Dennis Miller today of MillersMoney.com. With zero percent interest rates and fear of a market crash prevalent, money is pouring into annuities. However, there are some major concerns about them that Dennis want you to be aware of. He's written a free report--The Truth About Annuities: The Three Dangers You Must Avoid When Shopping for Annuities. Before buying, it's a good idea to take a look and get educated about the risks you might be facing.
Get it here: http://www.caseyresearch.com/
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