Stocks, Forex and Gold

because money matters

Gold has been a ripping bull

I hope you gold bulls are still holding on as Gold shows no signs on stopping.

zgfeb11

Buy on dips with stop loss at 885

February 12, 2009 Posted by gloomdoom | Forex, Gold, Stocks | | No Comments Yet

Gerald Celente dire economic forecast for the US

Gerald Celente’s shocking comments on Fox Business news on Nov 10, 2008.

February 3, 2009 Posted by gloomdoom | Forex, Gold, Stocks | | No Comments Yet

The day the banks were 3 hours from collapse

Britain was just three hours away from going bust last year after a secret run on the banks, one of Gordon Brown’s Ministers has revealed.

City Minister Paul Myners disclosed that on Friday, October 10, the country was ‘very close’ to a complete banking collapse after ‘major depositors’ attempted to withdraw their money en masse.

The Mail on Sunday has been told that the Treasury was preparing for the banks to shut their doors to all customers, terminate electronic transfers and even block hole-in-the-wall cash withdrawals.

Only frantic behind-the-scenes efforts averted financial meltdown.

If the moves had failed, Mr Brown would have been forced to announce that the Government was nationalising the entire financial system and guaranteeing all deposits.

But 60-year-old Lord Myners was accused last night of being ‘completely irresponsible’ for admitting the scale of the crisis while the recession was still deepening and major institutions such as Barclays remain under intense pressure.

full article here

February 3, 2009 Posted by gloomdoom | Forex, Gold, Stocks | | No Comments Yet