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Gold Price Explosion on the Way - US Dollar is Doomed

 
Once4All
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03/27/2010 08:45 AM

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Gold Price Explosion on the Way - US Dollar is Doomed
If investors stop buying US Treasuries the dollar will collapse!
__________________________________________
Supply fears start to hit Treasuries
By Michael Mackenzie in New York and David Oakley in London

Published: March 26 2010 19:18 | Last updated: March 26 2010 19:18

The bond vigilantes are finally flexing their muscles. A long period of stability for the US government bond market showed signs of cracking this week as a lack of investor appetite for new debt sent the benchmark 10-year yield to its highest level since last June.

For more than a year, analysts have been warning that record sized debt sales by the US Treasury were at odds with a 10-year yield sitting comfortably below 4 per cent. This week, the yield on 10-year notes jumped from 3.65 per cent to a peak of 3.92 per cent on Thursday. On Friday it was 3.87 per cent.

Falling inflation, rising unemployment, the housing market slump, the Federal Reserve’s policies of a near zero overnight borrowing rate and its purchase of up to $1,700bn in bonds have all helped keep Treasury yields near historic lows.

But this week the mood shifted as yields for $118bn of new US debt were much higher than forecast, sparking overall selling of Treasuries. Sentiment also deteriorated in the UK bond market after the government’s budget ahead of a general election expected in May failed to resolve doubts over future spending and debt reduction.

The term “bond vigilantes” was coined in the 1980s when bond investors pushed up long-term yields to force central banks into taking action to curb inflation. This time, bond investors are less worried about inflation: they are fretting about huge fiscal deficits and the looming bond supply needed to finance them.

“Everyone thought we would see rising rates due to higher inflation, but it appears the bond vigilantes are demanding a higher real rate due to concerns about Treasury issuance,” says George Goncalves, head of fixed income strategy at Nomura Securities.

The fact that German Bunds have outperformed both Treasuries and gilts in recent months highlights this increasing worry over public debt. Germany’s budget deficit is much lower than the US and UK and inflation there is also expected to remain low.

“The spotlight on Greece only helped to reveal that the US’s kitchen – with Federal and state budget balances – was itself full of cockroaches,” says William O’Donnell, strategist at RBS Securities.

It hasn’t helped that the US announced a big overhaul of its healthcare system this month, adding to worries about the scale of US spending.

Moreover, the Fed completes its bond buying programme next week, leaving the market to absorb the supply of new debt on its own. Next week’s March employment report, which economists say could see 150,000 jobs created, also looms as a test for bond market sentiment.
============================================
Buy physical gold and silver coins to protect your savings.
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Once4All (OP)
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03/27/2010 08:59 AM

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Re: Gold Price Explosion on the Way - US Dollar is Doomed
If investors stop buying US Treasuries the dollar will collapse!
__________________________________________
Supply fears start to hit Treasuries
By Michael Mackenzie in New York and David Oakley in London

Published: March 26 2010 19:18 | Last updated: March 26 2010 19:18

The bond vigilantes are finally flexing their muscles. A long period of stability for the US government bond market showed signs of cracking this week as a lack of investor appetite for new debt sent the benchmark 10-year yield to its highest level since last June.

For more than a year, analysts have been warning that record sized debt sales by the US Treasury were at odds with a 10-year yield sitting comfortably below 4 per cent. This week, the yield on 10-year notes jumped from 3.65 per cent to a peak of 3.92 per cent on Thursday. On Friday it was 3.87 per cent.

Falling inflation, rising unemployment, the housing market slump, the Federal Reserve’s policies of a near zero overnight borrowing rate and its purchase of up to $1,700bn in bonds have all helped keep Treasury yields near historic lows.

But this week the mood shifted as yields for $118bn of new US debt were much higher than forecast, sparking overall selling of Treasuries. Sentiment also deteriorated in the UK bond market after the government’s budget ahead of a general election expected in May failed to resolve doubts over future spending and debt reduction.

The term “bond vigilantes” was coined in the 1980s when bond investors pushed up long-term yields to force central banks into taking action to curb inflation. This time, bond investors are less worried about inflation: they are fretting about huge fiscal deficits and the looming bond supply needed to finance them.

“Everyone thought we would see rising rates due to higher inflation, but it appears the bond vigilantes are demanding a higher real rate due to concerns about Treasury issuance,” says George Goncalves, head of fixed income strategy at Nomura Securities.

The fact that German Bunds have outperformed both Treasuries and gilts in recent months highlights this increasing worry over public debt. Germany’s budget deficit is much lower than the US and UK and inflation there is also expected to remain low.

“The spotlight on Greece only helped to reveal that the US’s kitchen – with Federal and state budget balances – was itself full of cockroaches,” says William O’Donnell, strategist at RBS Securities.

It hasn’t helped that the US announced a big overhaul of its healthcare system this month, adding to worries about the scale of US spending.

Moreover, the Fed completes its bond buying programme next week, leaving the market to absorb the supply of new debt on its own. Next week’s March employment report, which economists say could see 150,000 jobs created, also looms as a test for bond market sentiment.
============================================
Buy physical gold and silver coins to protect your savings.
 Quoting: Once4All


[link to www.ft.com]

Gold showing some strong support at the $1100/ounce level.
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Once4All (OP)
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03/27/2010 10:06 AM

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Re: Gold Price Explosion on the Way - US Dollar is Doomed
hiding

USA, UK, and so many others are bankrupt.
The yen is falling too.

Big money will step up to the plate and DEMAND DELIVERY.

It will happen!
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Once4All (OP)
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03/27/2010 04:08 PM

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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Gold sitting on $1100!

[link to quotes.ino.com]

I believe it will hit new highs by the end of this year.
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
GlassPearls

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03/27/2010 04:31 PM
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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Mid-long term, metals will remain volatile. Explosively so. We'll see huge run ups and major dips along the way.

As flawed as the USD is, it is less flawed than all other fiats for one simple reason; human nature. Many people of the world still view the USD as a safe harbor.

So... as currencies around the world go into crises, the USD will benefit (temporarily) as people flock to this perceived safe haven.

However, that process will lose frequency over a short time as people see that the downside valuation of the USD is stronger than the panic factor.

In short, buy physical metals. Just don't do so on leverage, and be prepared for extreme volatility going forward.

As always, Google Jim Sinclair and READ.
Anonymous Coward
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03/27/2010 04:35 PM
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Re: Gold Price Explosion on the Way - US Dollar is Doomed
A London trader walks the CFTC through a silver manipulation in advance
Submitted by cpowell on Thu, 2010-03-25 23:41. Section: Daily Dispatches

Additional Statement by Bill Murphy, Chairman
Gold Anti-Trust Action Committee

to the U.S. Commodity Futures Trading Commission
Washington, D.C., March 25, 2010

On March 23, 2010, GATA Director Adrian Douglas was contacted by a whistleblower by the name of Andrew Maguire. Maguire is a metals trader in London. He has been told first-hand by traders working for JPMorganChase that JPMorganChase manipulates the precious metals markets, and they have bragged to how they make money doing so.

In November 2009 Maguire contacted the CFTC enforcement division to report this criminal activity. He described in detail the way JPMorgan Chase signals to the market its intention to take down the precious metals. Traders recognize these signals and make money shorting the metals alongside JPM. Maguire explained how there are routine market manipulations at the time of option expiry, non-farm payroll data releases, and COMEX contract rollover, as well as ad-hoc events.

On February 3 Maguire gave two days' warning by e-mail to Eliud Ramirez, a senior investigator for the CFTC's Enforcement Division, that the precious metals would be attacked upon the release of the non-farm payroll data on February 5. On February 5, as market events played out exactly as predicted, further e-mails were sent to Ramirez while the manipulation was in progress.

It would not be possible to predict such a market move unless the market was manipulated.

... Dispatch continues below ...

[link to www.gata.org]
Once4All (OP)
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03/28/2010 08:09 AM

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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Mid-long term, metals will remain volatile. Explosively so. We'll see huge run ups and major dips along the way.

As flawed as the USD is, it is less flawed than all other fiats for one simple reason; human nature. Many people of the world still view the USD as a safe harbor.

So... as currencies around the world go into crises, the USD will benefit (temporarily) as people flock to this perceived safe haven.

However, that process will lose frequency over a short time as people see that the downside valuation of the USD is stronger than the panic factor.

In short, buy physical metals. Just don't do so on leverage, and be prepared for extreme volatility going forward.

As always, Google Jim Sinclair and READ.
 Quoting: GlassPearls

Good advice....thanks!
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Once4All (OP)
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03/28/2010 08:22 AM

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Re: Gold Price Explosion on the Way - US Dollar is Doomed
A London trader walks the CFTC through a silver manipulation in advance
Submitted by cpowell on Thu, 2010-03-25 23:41. Section: Daily Dispatches

Additional Statement by Bill Murphy, Chairman
Gold Anti-Trust Action Committee

to the U.S. Commodity Futures Trading Commission
Washington, D.C., March 25, 2010

On March 23, 2010, GATA Director Adrian Douglas was contacted by a whistleblower by the name of Andrew Maguire. Maguire is a metals trader in London. He has been told first-hand by traders working for JPMorganChase that JPMorganChase manipulates the precious metals markets, and they have bragged to how they make money doing so.

In November 2009 Maguire contacted the CFTC enforcement division to report this criminal activity. He described in detail the way JPMorgan Chase signals to the market its intention to take down the precious metals. Traders recognize these signals and make money shorting the metals alongside JPM. Maguire explained how there are routine market manipulations at the time of option expiry, non-farm payroll data releases, and COMEX contract rollover, as well as ad-hoc events.

On February 3 Maguire gave two days' warning by e-mail to Eliud Ramirez, a senior investigator for the CFTC's Enforcement Division, that the precious metals would be attacked upon the release of the non-farm payroll data on February 5. On February 5, as market events played out exactly as predicted, further e-mails were sent to Ramirez while the manipulation was in progress.

It would not be possible to predict such a market move unless the market was manipulated.

... Dispatch continues below ...

[link to www.gata.org]
 Quoting: Anonymous Coward 833852

GATA has been all over this story for a long time.

My sense is that BIG PLAYERS are going to continue to demand delivery as we move forward. Eventually JPMorgan and others will have to cover their short positions and the price of gold and silver will explode!!!

It's not IF but WHEN and whether or not an investor has taken a position.
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Anonymous Coward
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03/28/2010 10:55 AM
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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Only a fool takes paper promises these days.
Anonymous Coward (OP)
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03/28/2010 12:52 PM
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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Check out the gold chart in this essay...

[link to www.gold-eagle.com]

decision time is on the way!
Anonymous Coward
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03/28/2010 12:53 PM
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Re: Gold Price Explosion on the Way - US Dollar is Doomed
bsflag peace
Anonymous Coward (OP)
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03/28/2010 07:11 PM
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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Little pop at the open. I think it will be an interesting week...........
[link to quotes.ino.com]
Once4All (OP)
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04/01/2010 05:53 PM

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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Okay, that's looking like a break-out on the 6 month chart!

[link to quotes.ino.com]

Get some gold while you still can. Runnnnnnn to your local coin shop and get one ounce silver or gold coins at spot price plus a little premium.
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Once4All (OP)
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04/01/2010 06:12 PM

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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Only a fool takes paper promises these days.
 Quoting: Anonymous Coward 421096


You got that right!

[link to www.savemenowjesus.com]

Actually, I only take promises from one source!
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Anonymous Coward
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04/01/2010 06:57 PM
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Re: Gold Price Explosion on the Way - US Dollar is Doomed
In short, buy physical metals.
 Quoting: GlassPearls


clappa
Anonymous Coward
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04/01/2010 07:07 PM
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Re: Gold Price Explosion on the Way - US Dollar is Doomed
When do

you think the

dollar will

finally collapse?

Any good laymans

estimate would be great.
Once4All (OP)
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04/03/2010 07:55 AM

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Re: Gold Price Explosion on the Way - US Dollar is Doomed
When do

you think the

dollar will

finally collapse?

Any good laymans

estimate would be great.
 Quoting: Anonymous Coward 931891

Unfortunately I can only give you a 'laymans estimate' because I really don't know. I think the world is tired of buying our debt which could lead to more QE by the fed. I'm hoping gold will climb into June [while the us dollar falls] and then see a short term reversal in both. I don't know when but still firmly BELIEVE gold will explode!

By 'explode' I certainly mean to new highs and hopefully at least to $1300/ounce.
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Anonymous Coward
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04/03/2010 08:06 AM
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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Metals could in a trade horizontal channel for a few months, if it does it may be your last chance to buy before a parabolic rise in an inflation adjusted price.




oil
Once4All (OP)
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04/03/2010 08:09 AM

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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Metals could in a trade horizontal channel for a few months, if it does it may be your last chance to buy before a parabolic rise in an inflation adjusted price.




oil
 Quoting: Anonymous Coward 843724


Love those one ounce .999 pure silver coins. gonna get me some more!
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Irdoooomed

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04/03/2010 08:15 AM
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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Can't they make gold from lead using nucleophile?
Twenty grand dood, it's a lot of money!

Recently homosexuals have been making anti christian threads. Think about it.
Once4All (OP)
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04/03/2010 08:31 AM

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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Can't they make gold from lead using nucleophile?
 Quoting: Irdoooomed

Hope not! Business needs a medium of exchange that is valuable, endures time, and CANNOT BE REPRODUCED by lying private 'banking' families. We need something real to keep integrity in our exchanges.
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Anonymous Coward
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04/03/2010 08:34 AM
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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Gold and silver will go down to support around 1080 and 15.75 near term again.. Its all a game..
Irdoooomed

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04/03/2010 08:35 AM
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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Can't they make gold from lead using nucleophile?

Hope not! Business needs a medium of exchange that is valuable, endures time, and CANNOT BE REPRODUCED by lying private 'banking' families. We need something real to keep integrity in our exchanges.
 Quoting: Once4All


They can refine Uranium into Plutonium using nuclear chemistry, so I don't see why they can't reverse the process. Someone should look into it.
Twenty grand dood, it's a lot of money!

Recently homosexuals have been making anti christian threads. Think about it.
Once4All (OP)
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04/03/2010 08:56 AM

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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Gold and silver will go down to support around 1080 and 15.75 near term again.. Its all a game..
 Quoting: Anonymous Coward 276543

If it does investors should buy more!
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Once4All (OP)
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04/03/2010 09:40 AM

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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Only a fool takes paper promises these days.


You got that right!

[link to www.savemenowjesus.com]

Actually, I only take promises from one source!
 Quoting: Once4All

Cascading debt will launch gold.
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Anonymous Coward
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04/03/2010 09:41 AM
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Re: Gold Price Explosion on the Way - US Dollar is Doomed
i dont think dollar will crash for another year or so..... they keep propping it up..
Anonymous Coward (OP)
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04/03/2010 11:03 AM
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Re: Gold Price Explosion on the Way - US Dollar is Doomed
i dont think dollar will crash for another year or so..... they keep propping it up..
 Quoting: Anonymous Coward 928852

I would guess before that.... I'd say lows around June for this decline.
Once4All (OP)
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04/04/2010 09:01 PM

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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Gold starts the week up $7 and silver almost touches $18 right off the start.

April may just turn out to be an interesting month!
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Once4All (OP)
The Truth Is Clear To Everyone!

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04/04/2010 09:01 PM

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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Gold starts the week up $7 and silver almost touches $18 right off the start.

April may just turn out to be an interesting month!
 Quoting: Once4All

Ooops... for got my link

[link to www.kitco.com]
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Anonymous Coward
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04/05/2010 01:29 PM
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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Gold starts the week up $7 and silver almost touches $18 right off the start.

April may just turn out to be an interesting month!

Ooops... for got my link

[link to www.kitco.com]
 Quoting: Once4All

$1132.... Looks like it's breaking out again.
Once4All (OP)
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04/07/2010 09:12 AM

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Re: Gold Price Explosion on the Way - US Dollar is Doomed
Boooom $1140 now!

[link to quotes.ino.com]
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf

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