goldandsilverlinings.com

Interesting that Forbes would carry this and bring it to the surface. They note that in the 39 year history of SWIFT it has never been used to block an entire nation, individuals yes, but not a country. See Forbes link here. See Jim Sinclair’s Kingworldnews.com referenced interview here.

It seems Ruger can’t keep up with gun orders and is suspending new orders, most companies would love a problem like this… SOUTHPORT, CT –Sturm, Ruger & Company, Inc. (NYSE-RGR), announced today that for the first quarter 2012, the Company has received orders for more than one million units. Therefore, the Company has temporarily suspended [...]

A great interview by Ellis Martin of Jim Sinclair where he highlights the threat to India to block them from the SWIFT wire transfer system, like they did to Iran. He poses the question, if Japan doesn’t cut oil imports will they be cut from SWIFT also? Keeping in mind that since Japan has shutdown [...]

Don Coxe March 2012 Basic Points Highlights Don Coxe has released his March 2012 Basic Points.  He starts with what is becoming boilerplate text on the background of paper currency.  He notes that pensions, which have assumed 8% returns will increase to get into trouble and are trying to avoid contributions to reduce their underfunded [...]

It would appear that Meredith Whitney will eventually be proven right, like Greece it may just take longer than she expected… See full interview here.

It seems there is a new currency developing amongst the average person and it isn’t gold or silver. People are stealing grocery carts full of Tide. Some are using it for drug habits. See article here.

Here is an interesting piece from The Turd with a piece by a trader, Jim Comiskey, that has some great comments but in particular the 3 refineries that have closed since they refuse to meet the EPA requirements. The priceless part is the report he holds up and quotes has apparently been changed online. Also [...]

Seems first Germany and now Switzerland want there gold back. I remember Jim Sinclair state ing the Venezuela may have been the smart ones in getting there gold back first and we’d see more of this. It’s interesting that everyone wants the rest of us to use paper money but countries want the real money [...]

Some great insight on gold from Kingworldnews’ mystery London Trader. He notes no one is selling physical and 40 tons of physical has been picked up at these low prices. As usual paper gold prices dropped not physical. People will only sell paper gold, never the real McCoy. See full article here.

From FT.com: Illinois state ‘on brink of collapse’ By Hal Weitzman in Chicago and Nicole Bullock in New York Illinois’ financial problems are forcing it to choose between its pensions and its teeth. Governor Pat Quinn says the state needs to face its “rendezvous with reality” and tackle its dysfunctional budget habits. Top of the [...]