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KDakotaFund (24.24)

May 2012

Recs

7

Peter Grandich Upate - May 16, 2012

May 16, 2012 – Comments (0)

Gold and Silver – Both gold and silver have entered not only key support areas, but are recording some of the most oversold readings in quite some time. This is without a doubt the most bearish overall mood I felt since gold bottomed at the start of the millennium. While there shall be no quick fix and the pain can linger awhile longer, the “mother’ of all bull markets is far from over. I think my views have been cleared in all my recent interviews and commentaries. The boat of real and no-hedge gold bulls has only a few passengers left (and I’m glad to see Captain Jim Sinclair still at the helm) while the gold bear boat is filled up and sailing under the S.S. Titanic 2012 model.  [more]

Recs

9

Bowles: US Faces ‘Most Predictable Economic Crisis’ Ever

May 03, 2012 – Comments (5)

The United States is facing a massive economic crisis that is both predictable and avoidable, says Erskine Bowles, co-chairman of President Barack Obama’s deficit-reduction commission.

According to Bowles, 100 percent of the tax revenue coming into the Treasury in 2011 went right out the door to pay for mandatory spending — such as Medicare, Medicaid and Social Security — and to pay the interest on the country's massive $15.6 trillion national debt, Bowles says, according to Bloomberg View.  [more]

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