TedWeir

Originally Posted by TedWeir

Silver's rise in context. From Bespoke, This Silver chart really needs no explanation.

The Truly Remarkable Run of Silver

Thursday, April 21, 2011 at 03:23PM
As gold continues to receive all the headlines, silver continues to look at the yellow metal in the rearview mirror.
Below we highlight a few charts and tables that show just how remarkable the run for silver has been. Had you invested $100 in silver ten years ago today, your investment would now be worth $1,037. A $100 investment in gold would be worth about half that at $569, and a $100 investment in the stock market (S&P 500) would be worth -- wait for it -- $107.48.

The two main silver ETFs (SLV and DBS) have

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Originally Posted by TedWeir

Reposte from huffingtonpost.com

Membership in the EU comes at a price. That price is a limit on deficits. This aspect of the EU treaty was meant to insure the solvency of its member nations and so support the Euro currency itself. No member can unilaterally revalue its currency as it is, by treaty, an abstraction of the net worth of the various member's ability to back it. This severely limits the unilateral options for dealing with sovereign debt by member countries, which in turn opened up unusual opportunities for member countries to be exploited by international banking.

While there are treaty limits on debt incurred by member countries, there are no constraints on banks lending to them. What evolved in the Greek sovereign debt crisis is a massive short opportunity on the Euro, had you known it was developing. And who would know outside of Greek government and the banking and finance community like Goldman Sachs or JP Morgan?
The

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Further Greece bailout deeply flawed, Europe media fears

excerpt:
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Ta Nea, a centre-left, pro-government Greek daily, welcomed what it said were signs from recent Greek negotiations with EU creditors that it would be able to spare the financially neediest Greeks from the next "austerity clamp".

"Our lenders and partners do not wish to see the Greek economy collapsing. In this context the government can argue that to achieve targets Greek society must not be exhausted."

But centre-left newspaper Ethnos said Prime Minister George Papandreou's Socialist government was caught "in an iron social and political vise" by popular resistance to more sacrifice.

"The stance of society (veers between) negative to massively angry. All parties are refusing to work with the government and are asking for elections," Ethnos warned.

The Eleftherotypia daily vented the view of many ordinary Greeks, blaming ...