MinKL Invest

Monday, 25 July 2011

24 Hour Spot Gold Chart...H 1624

$1,612.70

Change

+11.20 +0.70%

Volume

28,928

Jul 24, 2011 10:35 p.m.

Quotes are delayed by 10 min

Previous close

$ 1,601.50

Day low

Day high

$1,603.80

$1,624.30

http://www.kitco.com/charts/livegoldw.html

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

RISK...Debt Limit Ceiling Talks Fail S&P 500 Long Term Technical Analysis Possi...

StockMarketFunding on Jul 23, 2011

http://www.StockMarketFunding.com Debt Limit Ceiling Talks Fail S&P 500 Long Term Technical Analysis Possible Debt Downgrade Part 1. Republicans and Democrats continue to face off over spending cuts. New debt-limit talks: No sign of a breakthrough. One day after a partisan blowup, President Barack Obama met for less than an hour Saturday with congressional leaders in crisis talks aimed at averting a national financial default in just 10 days. Raising the Ceiling has caused great concern amoung many Americans.

Ron Paul recently said It isn't too late to return to fiscal sanity. We could start by canceling out the debt held by the Federal Reserve, which would clear $1.6 trillion under the debt ceiling. Or we could cut trillions of dollars in spending by bringing our troops home from overseas, making gradual reforms to Social Security and Medicare, and bringing the federal government back within the limits envisioned by the Constitution. Yet no one is willing to step up to the plate and make the hard decisions that are necessary. Everyone wants to kick the can down the road and believe that deficit spending can continue unabated.

Unless major changes are made today, the U.S. will default on its debt sooner or later, and it is certainly preferable that it be sooner rather than later.
If the government defaults on its debt now, the consequences undoubtedly will be painful in the short term. The loss of its AAA rating will raise the cost of issuing new debt, but this is not altogether a bad thing. Higher borrowing costs will ensure that the government cannot continue the same old spending policies. Budgets will have to be brought into balance (as the cost of servicing debt will be so expensive as to preclude future debt financing of government operations), so hopefully, in the long term, the government will return to sound financial footing.

Many people feel concerned about the Federal Reserve and how they continue to print money increasing the rate of inflation and the risks of hyperinflation. We've seen gold and silver prices continue to rise as QE2 and possible QE3 have impacted currency markets worldwide. Corporate profits have been on the rise and we're seeing lower US tax rates for multinational corporations like General Electric (GE), Google (GOOG), and Apple (AAPL). In this debt ceiling agreement is a -tax holiday- loophole which gives these multinational corporations a tax rate of 5% vs 30-40%. It was designed to create jobs but many of these employers are laying off thousands of Americans, most recently announced Cisco Sysmems (CSCO) expects to layoff 6,500. Will the US default? Will they devalue our dollar? Will gold rise to $2,000? Will we see an end to the wealfare entitlement Presidency we're seeing? Time will tell and we'll see if they do the right thing for the future of America.

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Gold and Silver Prices Per Ounce July 25, 2011 - Predictions with Gold a...

WalterMartinSales on Jul 24, 2011

Gold is currently at $1600 an ounce while silver is at $40 an ounce. On July 25, 2011 we are seeing gold at all time highs as silver is making a push towards the highs that were set early this year. Predictions for gold and silver are getting quite high.

Max Keiser: Obama financially lynched by racist GOP

RussiaToday | Jul 24, 2011 | 2,568 views

Greece let out a sigh of relief this week as - after long talks - EU leaders finally agreed on how to help the country avoid defaulting on its debt. Athens will now receive a new bailout worth an estimated 109 billion euros. The plan was agreed after Greece approved severe austerity measures, sending thousands onto the streets in protest. The rescue will also involve lowering interest rates on Greek debt and extending the repayment period. The package also doubles the time given to bankrupt Portugal and Ireland to pay back their own loans. Meanwhile, Spain - which has the highest unemployment rate in the Eurozone - saw thousands of protestors converge on Madrid on Saturday. They camped out in the city centre, after marching from across the country. For more on where the Eurozone is headed RT talks to financial analyst and host of the 'Keiser Report' here on RT, Max Keiser.

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