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May 18, 2011 / Hal (GT)

Precious Metals show signs of strength today.


MATT TAIBBI: Goldman Sachs Executives Lied To Their Customers And Congress – a must watch video.

The Evolution of Cyber-War – Some interesting thoughts about those trying to manage the economy today (Bernanke).

Today has been a pretty good looking day for the precious metals. Both gold and silver have seen some strength. I am disappointed to not see gold cross $1,500 though while I’ve been tracking it on the desktop with ExactPrice. I had hoped to see it jump above that point. Right now it’s at $1,496.10. Silver is at $35.04.

Here are the top stories I came across today that relate to the USA and global economy and thus have an influence on gold.

Treasury to tap pensions to help fund government – That’s the USA Treasury mind you. Doesn’t that give you the warm fuzzies?

Selling Gold at Fort Knox Emerges as Next Big Question in Debate on Federal Debt Limit – I think this would probably ruin the USA if we were to sell our gold because it would remove the value of going to a gold back currency. At least we would not have the advantage in the world. My guess is an end round attempt to get a real inventory count of what the USA does own.

IMF Warns Greece: Shape Up Or Else – Right, because the leaders at the IMF are upright and good people.

Asia seen with bigger role in IMF under a new leader – Well, now isn’t that interesting in the light of certain happenings.

Sudan: Q1 non-oil exports soar 34 pct on gold sales – Wowzers. That’s is pretty cool.

Riposte to Warren Buffet’s views on gold – good read.

The History Of The World’s “Reserve” Currency: From Ancient Greece To Today – Interesting.

Until next time.

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