This is really getting silly. I can't ck email or pull up news without seeing your "Death of Walmart" ads. How long have they been dead now? A year or two? And it's today's buying opp? Do you people not notice how many valued Fools (to the community at least) have left of late? Ever wonder why? Like stocks, I'm about 90% out of here. Does it matter, since you're not getting any money from me? Probably not, but do not discount the value of this community- that is your strength. Lose your cred and you lose everything. Seeing "Buy WAL" and "The Death of WAL" on the same page will only accomplish that. Sorry for the rant. Your site has been huge for myself and others and it's troubling to watch the unraveling. Bring back the 10 count "Buzz Box", build on your strength or what's left of it.
Fellow Fools, is it just me? I would REALLY like to hear your thoughts and I hope Fool Staff would too.
Note- There's a "Death of Walmart" side banner ad as I write this. Pretty silly but sad and true. [more]
This news-story is about hope and change to believe in. Seems there is a way to boost our Mfg. base, create jobs and narrow our Foreign Trade gap in one fell swoop. I think it's gonna happen. I post this for others because of a personal problem with my conscience. But, that's 3 good things to address, right? Build on your strengths, right? We can't make an American Flag competitively, but Nobody does laser guided, long range (or short/med) better. From McClatchy News.
If this whets your whistle, Raytheon, Boeing, Lockheed, General Dynamics, etc, are poised. Regards. [more]
It's generally known thay the BIS just added 346 "Tonnes" of gold to their store. Many who follow the "stupid shiney stuff" couldn't find a source of this weight added. First incredulity.
Then, much sleuthing for naught. There were no spikes in the supply/demand
THEN the FT runs a story revealing that some European banks needed some cheese, so they went to the BIS. BIS says ok, but we need security- no more bonds, no more IOU's, no chits, promises, etc, we want gold. Let's call it a loan that you can "buy it back" later.
It turns out these banks used metal deposited in unallocated accounts to physically secure these loans. Seems it's in the fine print that they can use unallocated accts in "day to day opperations" and they "may be settled for cash".
The FT link wont work unless you pay so here is GATA's take- "Gold in BIS Swaps Said to Have Come From Looted Bank Customers' Deposits" http://gata.org/node/8875
The take-away, if you're storing metal at a bank, spend the extra dollar and make sure it's "allocated".
The FT story is titled "BIS Gold Mystery is Unravelled".
Donkeypunch- from the GATA piece... "So odds are that the gold purchased from or supposedly kept at those commercial banks by gold investors is now being used by the international banking system to suppress gold's price against the interest of the investors who think they own it."