Monthly Archives: December 2010

JP Morgan And CFTC Trading Limits

By Michael Pennington © Copyright 2010 Pennco Coins Several important announcements were made last week. The first was a report that JP Morgan was in the process of covering their huge pile of shorts and were well on their way … Continue reading

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Europe Is A Train Wreck With Worse Yet To Come

By Michael Pennington © Copyright 2010 Pennco Coins Researching problems in the Greek economy is like reading a financial comic book. All the players are clowns. For example, the national railroad has annual revenues of €100 million… against a wage … Continue reading

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Headlines & Observations

By Michael Pennington © Copyright 2010 Pennco Coins Steal a little and they throw you in jail, steal a lot and they make you king – Recently, a member of the Justice Department was asked why there hasn’t been one … Continue reading

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Palladium To The Moon

By Michael Pennington © Copyright 2010 Pennco Coins This is the third time I have written about Palladium in the last five weeks. I have done so because Palladium represents such a great opportunity. Palladium has exploded right past the … Continue reading

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Gold And Silver Are Both In Backwardation

By Michael Pennington © Copyright 2010 Pennco Coins The scramble for physical gold and silver is intensifying. People increasingly want to own the real thing, and not some paper substitute, all of which come with counterparty risk. This conclusion is … Continue reading

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Three Stages Of A Bull Market / Price Projections

By Michael Pennington © Copyright 2010 Pennco Coins Almost 70 respected economists, academics, gold analysts and market commentators (see list below) are of the firm opinion that gold is going to go to at least $2,500 if not as high … Continue reading

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What Could Cause Gold To Go Down

By Michael Pennington © Copyright 2010 Pennco Coins Earlier I was asked what possible scenario could put a sudden end to the secular rise now underway in gold and silver? Specifically, several of these momentum changes would have to occur … Continue reading

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