Monthly Archives: October 2010

Congressional Insider Trading

By Michael Pennington © Copyright 2010 Pennco Coins Buried in a recent report in THE WALL STREET JOURNAL was a report that called for a Congressional halt to insider trading. Apparently, Congress and its 17,000 staffers are exempt from insider … Continue reading

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The Real Interest Rate Indicates Gold Going Higher

By Michael Pennington © Copyright 2010 Pennco Coins Now that gold has soared from $1,200 an ounce to $1,350 an ounce, investors interested in gold are worried they’re buying at the top. One indicator that can provide them with some … Continue reading

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Silver Supply Tightens As China Begins Hoarding

By Michael Pennington © Copyright 2010 Pennco Coins This is a topic I’ve been hammering about for months. Silver supply has become huge problems for both COMEX and LBMA. Adding to this problem is the report last week that Silver … Continue reading

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The Hypocritical Fed – It Says It Wants To Stimulate The Economy

By Michael Pennington © Copyright 2010 Pennco Coins So how does it go about it? It drives interest rates to near zero and buys up bad assets from the banks. This, of course is free money for the banks as … Continue reading

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How The Government Works

By Michael Pennington © Copyright 2010 Pennco Coins Once upon a time the government had a vast scrap yard in the middle of a desert. Congress said, “Someone may steal from it at night.” So they created a night watchman … Continue reading

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Headlines And Observations

By Michael Pennington © Copyright 2010 Pennco Coins JP Morgan re-opens Gold Vault -The key actor in the LBMA precious metal price-suppression scheme, JPMorgan, is now getting directly involved in physical gold sequestering. Last week the FT reported that JPM … Continue reading

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Currency Wars And Inflation

By Michael Pennington © Copyright 2010 Pennco Coins To all the deflationists, I ask have you looked at the markets lately? The Dow is pushing 11,000. The S&P 500 has broken out above 1,150 and seems to be going to … Continue reading

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