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SideShowMel0329 (48.21)

March 2009

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ANV loses $79 million in 2008; cash reserves of only $16.5 million

March 18, 2009 – Comments (2) | RELATED TICKERS: ANV

Read their latest press release if you want to see what a failing company looks like. They have no income and enormous losses, little to no cash, and yet their stock went up 16% today. Hell, even the gold-bullish CAPs community has it at a 1-star stock  [more]

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Luxury jewelers hammered during recession - gold at decade highs

March 07, 2009 – Comments (3) | RELATED TICKERS: SIG , ZLC.DL , TIF

As demand decreases, so should price. Gold doesn't get its value from the small quantities sold to semiconductor companies. Its value comes from the rich buying thousand dollar gold earrings.

So tell me. How is gold not on a bubble right now?

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"Recessions come and go, but THIS one is the final blow!!!"

March 06, 2009 – Comments (2) | RELATED TICKERS: YOU

That's what people were saying in 1929.

In 1953.

In 1973.

And now in 2008.

Humanity never learns.

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