Another One Bites The Dust?

First there was Stockton, then San Bernardino that were circling the economic drain hole. Now welcome Desert Hot Springs as the newest California member to stare city bankruptcy in the face. It is not a pretty visage, sunken eyes, leering expression, eeeyyyyuuuu! Detroit, the largest U.S. city to file for bankruptcy protection, along with San Bernardino will probably be the ones that will decide precedence as to wether bondholders or retirees will take it in the shorts when a city … Read More »

If The U.S. Was A Company It Would Likely Go Under

What else can one say about an organization that consistently runs its finances in the red year after year. It is something no self-respecting CEO would ever tolerate, unless it was going into their own pocket. Hmmmm, now that is a intriguing thought, but oh, perish the thought. How could we even think such an outrageous thing? According to a report from Dick Bove, the vice president of equity research at Rafferty Capital Markets, it indicates the balance sheet of … Read More »

Market Update November 11, 2013

From the Desk of Craig Griffin The piece below is from Richard Russell’s, Daily Remarks section and I thought it was a good read with some valuable information. Check it out and remember, “It would be foolish to acquire gold for the short term but it would also be unwise not to own some gold for the long term!” Richard Russell November 7, 2013 “It is incumbent on every generation to pay its own debts as it goes. A principle … Read More »

Harvesting Gold From Leaves Of Eucalypts Trees

Imagine you had a gold tree, one that would allow you to walk out, gather up armfuls of the stuff and make the question of where to buy gold coins a thing of the past. In a manner of speaking, that is what researchers have discovered in the leaves of some eucalypts and acacia trees. If you are wondering why eucalypts leaves are not a lot heavier than they are, the catch is that the amount of gold in a … Read More »