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2011 For S&P500, Gold and Oil?

Everybody has an opinion on the direction of the market, Gold and Crude Oil. Here’s some excellent work on the subject from Options Trading Signals.

Gold Closes Over $1400; Silver Over $30!

So far it has been a good year for gold and precious metals:

* Gold prices for February delivery advanced $22.70 to $1,405.60 an ounce on the Comex in New York. Gold prices are up 28 percent this year.

* March silver prices soared $1.068 to $30.323 an ounce. Silver prices are 80 percent higher in 2010.

* Platinum prices for January delivery added $16.20 to $1,757.20 an ounce. Platinum is 20 percent higher this year.

* Palladium prices for March delivery surged $20.10 to settle at $787.20 an ounce. Palladium has soared 93 percent in 2010.


From Amazon

Editor’s Picks: Best Fiction of 2010

No Public Displays Of Christmas Trees???

A new “scientific” study suggest pulling the Christmas trees from public places because

“Non-celebrators” reported fewer positive feelings and less self-assurance in the Christmas room. Christians were mostly cheered by the tree.

Ohhhhh! “So that non-believers will feel comfortable.” I don’t feel uncomfortable with non-Christian displays. I celebrate the freedom of speech we have in this country to say anything we want. However, your freedom ends at my Christmas tree.

BTW, do you find the display of my Christmas tree offensive when you walk by my house? Call me! I’ll make sure to pull my blinds before your walk. NOT!

The FED: It’s Alive! It’s Alive


Oil At $90.48!

Last April, 2010 Crude oil made it almost to $94 a barrel. Here we are again in December challenging the high. Is this brought on by the FED’s printing of money to buy over $1 Trillion dollars of treasuries or is it because of the growth in China, India and Brazil, or peak oi? Whatever the reason everything derived from oil is going to be impacted and put more pressure on our wallets!

Oregon: Consequences For Raising Taxes!

International Liberty quotes the WSJ:

In 2009 the state legislature raised the tax rate to 10.8% on joint-filer income of between $250,000 and $500,000, and to 11% on income above $500,000. Only New York City’s rate is higher. Oregon’s liberal voters ratified the tax increase on individuals and another on businesses in January of this year, no doubt feeling good about their “shared sacrifice.” Congratulations. Instead of $180 million collected last year from the new tax, the state received $130 million. The Eugene Register-Guard newspaper reports that after the tax was raised “income tax and other revenue collections began plunging so steeply that any gains from the two measures seemed trivial.”

So how does it work to raise taxes? Taxpayers aren’t stupid. They vote with their feet. Who is John Galt?

Argument For Huge Gold Rally

Read the article here

CBS Explores States’ Debt Crisis


Moderate Islam?

Pamela Geller at Atlas Shrugs quotes writes about Turkey:

“Historically, the military has been the guarantor of secularism in Turkey, stepping in whenever the country’s Islamists (e.g. their current prime minister) threaten to take control. However, this time may be different because PM Erdogan is a very shrewd man and has built up his power gradually over time, reaching the point where he feels strong enough to engineer a reverse military coup.”

[…]

While participating in a Middle East panel of the Academy of Achievement in Chicago in September of 2007, Turkish Prime Minister Recep Tayyip Erdogan warned against religious definitions of terrorism and specifically objected to the phrase “moderate Islam.” Erdogan said, “Turkey is not a country where moderate Islam is sovereign. First of all, the ‘moderate Islam’ concept is wrong. The word ‘Islam’ is a simple word — it is only Islam. If you say ‘moderate Islam,’ then an alternative is created.”

Too many people want us to believe that radical Islam is a minority. If PM Erdogan is right that there is only Islam, then we are in for a rude awakening.

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