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BIS Changed Silver Data

(From $203 to $93 Billion in Silver Liabilities?) Silver Stock Report by Jason Hommel, July 6th, 2011 The Bank of International Settlements (BIS) has changed, or revised, their silver derivatives data in their derivatives reports. The change took place between their June, 2010 report, and their December, 2010 report, for the period of June, 2009.…

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Sound Money From D.C.?

Senator Jim DeMint of South Carolina has an interesting idea: what if silver and gold coins which are declared legal tender by the U.S. government and/or state governments were treated just like other “legal tender” and not taxed? Crazy, I know. And he’s not alone as Senators Rand Paul of Kentucky and Mike Lee of…

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1099 Avalanche Averted

In a segment I like to call, “How did I miss THAT story?”… In a statement released by the White House on April 14th, President Obama is quoted as saying “Today, I was pleased to take another step to relieve unnecessary burdens on small businesses by signing H.R. 4 into law. Small business owners are…

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Weighting On the Mint All Day

From the “Any News Is Good News” file comes a few stories today about the U.S. Mint, an organization which has provided more than enough work for any good publicist/spin master in the last year… First up is the announcement that today the US Mint would begin sales of the 2011 Silver Eagles Proofs. This…

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Zimbabwe Calls for Honest Money

‘Here’s a novel idea: why don’t we try the gold standard?’ That’s not exactly how he phrased it, but yesterday’s statements by the Governor of the Reserve Bank of Zimbabwe, Dr Gideon Gono, who oversaw the complete collapse of his nation’s economy, are very telling. Gono has held the reins at the bank since 2003…

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Overseas – Silver Hotter Than Ever

As the week opens prices in commodities begin to rally with much of the demand coming from overseas markets where silver has enjoyed new-found interest. As price fluctuations rock the experienced traders and keep them on their toes, those outside the industry are beginning to feel the effects of currency devaluation, European sovereign debt concerns,…

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Modern Bank Run?

The rumors are plenty and have circulated for some time that Comex, the leading U.S. exchange for metals futures and options trading, may default in the face of demands for physical delivery of gold and especially silver. Now mix in with that the international exodus from the U.S. dollar and a new rumor that a…

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Texas to Stop Taxing Au, Ag?

Those in Texas contemplating a move into silver and gold may soon find it to be even easier to do so if pending legislation in the current session of the Texas Legislature is passed.  State Representative for District Seven, David Simpson, filed HB3104 in March, which reads: BE IT ENACTED BY THE LEGISLATURE OF THE…

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