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<title>Carolina Bullion</title><link>http://www.carolinabullion.com/index.html</link><description>Commentary on the Precious Metals Market</description><dc:language>en</dc:language><dc:creator>carolinabullion@gmail.com</dc:creator><dc:rights>Copyright 2007 Carolina Bullion</dc:rights><dc:date>2008-01-18T17:21:48-05:00</dc:date><admin:generatorAgent rdf:resource="http://www.realmacsoftware.com/" />
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<lastBuildDate>Fri, 18 Jan 2008 17:31:04 -0500</lastBuildDate><item><title>The more things change...</title><dc:creator>carolinabullion@gmail.com</dc:creator><category>Precious Metals</category><dc:date>2008-01-18T17:21:48-05:00</dc:date><link>http://www.carolinabullion.com/Precious_Metals/blog_files/25679e29ebfbb3fb6d0af9d38ddb824e-5.php#unique-entry-id-5</link><guid isPermaLink="true">http://www.carolinabullion.com/Precious_Metals/blog_files/25679e29ebfbb3fb6d0af9d38ddb824e-5.php#unique-entry-id-5</guid><content:encoded><![CDATA[Good Friday metal bugs.    This past week we saw Gold hit a record high, the stock market hit fresh new lows, and the economy continue to spiral downward.    The Federal Reserve has hinted that they will lower interest rates at their next meeting and the President is promising &ldquo;a chicken in every pot&rdquo;.  


The housing market continues to set new records of deterioration and the credit card crises is just starting to peek its head around the corner.    Meanwhile, the major money center banks are one step away from insolvency as the credit crunch continues to worsen.


The only &ldquo;glimmer&rdquo; of hope on this bleak landscape is Gold.    Gold climbed to a record high this week trading above $900/oz before pulling back and closing around $880/oz.    Look for consolidation in the short term with Gold trading in a range of $870 to $900 an ounce.    In the long term our next target for Gold is $1000/oz.


Spot Silver traded higher today closing at $16.14/oz.   Palladium was down to $372/oz while Platinum was up at $1,560/oz.


The Dow fell to a 10 month low while the S&P 500 ended at a 15 month low.    The Nasdaq fell to its lowest point in over a year.


Recession (maybe even stagflation) is here folks.    We urge you to protect yourself and your portfolio while you can.   Until next time.   Trade safe.


Disclaimer: The above is a matter of opinion and is not intended as investment advice.    Information and analysis above are derived from sources and utilizing methods believed reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis.    Comments within the text should not be construed as specific recommendations to buy or sell securities.    Individuals should consult with their broker and personal financial advisors before engaging in any trading activities.    Please do your own due diligence.
]]></content:encoded></item><item><title>New Year&#x2c; Same Problems</title><dc:creator>carolinabullion@gmail.com</dc:creator><category>Precious Metals</category><dc:date>2008-01-04T17:18:18-05:00</dc:date><link>http://www.carolinabullion.com/Precious_Metals/blog_files/ac770078f4d884abab49bfb4332f05ee-4.php#unique-entry-id-4</link><guid isPermaLink="true">http://www.carolinabullion.com/Precious_Metals/blog_files/ac770078f4d884abab49bfb4332f05ee-4.php#unique-entry-id-4</guid><content:encoded><![CDATA[Good Friday metal bugs.  &nbsp; We are back from our holiday hiatus and hope yours was enjoyable.

...As we predicted Gold (and the other metals) have charged forward.  &nbsp; Spot Gold hit a record high Thursday of $869.05/oz. and is speeding ahead toward its next target of $900.  &nbsp; In the short term though, look for&nbsp;profit taking to push&nbsp;Gold&nbsp;back down.    Spot Silver closed a bit lower today at $15.35/oz.  &nbsp; Platinum has been making all time highs due to supply disruptions in South Africa.   At one point today spot Platinum hit an all time high of $1,553.00/oz.  &nbsp; Spot Palladium was down to $374.00/oz.


Today's December jobs report sent the equity markets tumbling.  &nbsp; Employers added 18,000 jobs to their payrolls last month, well short of the forecasts for 70,000 jobs.   This was the weakest monthly job growth since August of 2003.  &nbsp; The unemployment rate rose to a 2 year high of 5 percent.   This sent the dollar lower versus other major currencies.


&nbsp;Folks as each day passes the picture becomes clearer and clearer.  &nbsp; The real estate crash is spreading like a virus. .   The next domino to fall will be the credit card market as consumers are stretched to the limit.  &nbsp;Foreclosures are at all time highs.  &nbsp; Inflation and unemployment are increasing by the day&nbsp; The credit markets are still in danger of collapse. 


The Federal Reserve is two steps behind the music.  &nbsp; They&nbsp; can only exacerbate the problems.  &nbsp; Central economic planning/intervention does not work and never will.  &nbsp; We have no doubt that&nbsp;the next stage is recession, if not worse.   Protect yourself now while&nbsp;you still can.

...Until next week.]]></content:encoded></item></channel>
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