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As Gold Climbs Higher, Procrastinators Agonize, but Owners Sleep Better.

Written by Gary North on February 3, 2012

Gold is over $1750 per ounce. To track gold’s price, 24×7, go here: http://www.garynorth.com/public/department32.cfm The volatility of gold over the past two months has been high. It was as low as $1530 in late December. It has risen by over  $200. This scares off procrastinators. I wrote this on January 30. ________________________________________________ Across the nation, […]

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Consumer Confidence Rises From Miserable to Pretty Bad

Written by Gary North on February 3, 2012

Sometimes, headlines are misleading. They are a form of bait and switch. Here was the headline: Consumer Confidence in U.S. Increases for a Second Week in Bloomberg Index That looked good. Then reality set in. Pay attention to the word minus. __________________________________________________ Consumer confidence in the U.S. climbed for a second week as Americans became […]

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Economic Map: How Is Your State Doing?

Written by Gary North on February 2, 2012

Here is a static image of a great map. The real map lets you click on your state and find out how things are doing. Where are things doing well? In the frozen North: just below Canada. Where are they doing poorly? In the deep South.   Click the link to go to the interactive […]

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Chinese Buy Up Gold

Written by Gary North on February 2, 2012

China is importing a lot of gold. Yet China is a gold-producing nation. This indicates a large demand. Imports in November rose by over 102 kilograms. This was up from 86,000 in October. They bought it from Hong Kong. Hong Kong reported this. China doesn’t. China bought as much as 490 tons in 2011. It […]

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Police Beat Woman, Steal Her Cell Phone’s Video Card

Written by Gary North on February 1, 2012

Police are scared of citizens with cell phones that have video capability. Citizens can record what the police do. This woman claims that she was beaten by three police officers. The police took her cell phone and removed the card. This made it into the local newspaper and onto local TV. The police are saying […]

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Tweet, Tweet.Who’s That? It’s the FBI!

Written by Gary North on February 1, 2012

The FBI is now planning to monitor Twitter. Why? It is trying to find out if social media can provide intelligence tips. What kind of software would do this?  The FBI does not know. I’ll bet some enterprising soul will figure out a way to convince them that he has what they need. The US […]

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Housing Prices Continue to Fall. Opportunities Appear.

Written by Gary North on February 1, 2012

I have warned against any optimism with respect to housing prices. The Case-Shiller index keeps coming to my rescue. It’s down again. Note: it’s an average of three months. There is the usual chatter about buyers entering. “Relentless” pressure from foreclosures could soon send the S&P Case-Shiller index of home prices to a new low […]

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The End of Swiss Bank Secrecy (and Everywhere Else)

Written by Gary North on February 1, 2012

There used to be Swiss bank secrecy. Anyway, Americans thought so. It was always something of  myth. I reprted on this in 1976, when I worked for Ron Paul. The IRS was getting through the barriers. Now, it’s over. The U.S. has just bankrupted a Swiss bank that had no agents inside the USA, no […]

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