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Another Down Week For Gold

panzed Wrote: Oct 29, 2012 6:38 PM
This Republican-controlled Congress voted to shore up the National Flood Insurance Program to the tune of 10 billion dollars. It's nothing but a redistribution of wealth from America's taxpayer's to millionaires with million dollar beachfront homes. This program is godless and immoral.
panzed Wrote: Oct 29, 2012 6:38 PM
Here's a partial list of so called 'small government, free market' Republicans that voted to send taxpayer's monies to millionaires with million dollar beach front homes.

John Boehnor(R)
Eric Cantor(R)
Michele Bachmann(R)
Paul Ryan(R)
Allen West(R)
Daryl Issa(R)
Louis Gohmert(R)
Jeb Hensarling(R)
Dan Burton(R)
Michael Grimm(R)
Steve King(R)
Duncan Hunter(R)
Spencer Bachus(R)

Votes gleaned from http://www.govtrack.us/congress/vote.xpd?vote=h2011-562

If this country has oodles of money to send to millionaires with million dollar beach front properties, then why worry about the debt?
panzed Wrote: Oct 29, 2012 6:38 PM
Here's the typical Republican response about giving out flood insurance money to home-owners; "yeah, but not all of the money goes to millionaires with million dollar homes."

PRICELESS!!!!
panzed Wrote: Oct 29, 2012 6:38 PM
These Republicans all lie about their core values. They are for BIG goob-mint and rigged markets. Capiche?

Prices rallied a bit on Friday but it wasn’t enough to pull gold even for the week. 

Gold ended the week down $3.00 to $1,710.30 and silver was off $0.10 to $32.06, and the silver/gold ratio ended the week at 53.3. 

Gold is down, but it’s down from $1,780 an ounce and showed fairly good resistance in maintaining prices above $1,700.  By way of a reminder, we were trading near $1,580 back in August.  If $1,700 represents the new normal in pricing, that’s huge. 

Keep downward pressure on gold prices are the strength of...

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