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Tim Iacono



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3Vote!

Gold & Silver, How High Will They Go?

Tim Iacono submits: The iShares Silver Trust ETF (NYSEArca: SLV ) has been adding to its inventory at a blistering pace in recent weeks - a whopping 512 tonnes in just the last nine days with 136 tonnes coming just yesterday. The price of the metal continues to push higher, still more than ten percent below the early-2008 high of around $21 an ounce and less than half of the all-time high from...

3Vote!

Gold and Silver - How High Will They Go?

Tim Iacono submits: The iShares Silver Trust ETF (NYSEArca: SLV ) has been adding to its inventory at a blistering pace in recent weeks - a whopping 512 tonnes in just the last nine days with 136 tonnes coming just yesterday. The price of the metal continues to push higher, still more than ten percent below the early-2008 high of around $21 an ounce and less than half of the all-time high from...

6Vote!

Gold Is Rallying: Now Where Do We Keep It?

Tim Iacono submits: In another sign of the times, now that big investors are beating down the doors of HSBC ( HBC ) asking them to store their growing quantities of gold bullion as part of the 2009 mad dash to shore up investment portfolios with something that is not paper and has no counterparty risk, the little guy who had his bars and coins stored there is getting the boot. The Wall Street...

5Vote!

Mortgage Mess: A Quarter of All Borrowers Are Underwater

Tim Iacono submits: Splashed across the front page of today's Wall Street Journal is this story about how almost 11 million homeowners in the U.S. - nearly one-quarter of all homeowners with mortgages - now owe more than their house is worth. Also, the very cool interactive graphic shown below along with a sortable table is well worth poking around at a little in order to learn more (not here,...

6Vote!

Congress and the Fed: The Addict and the Enabler

Tim Iacono submits: Jim Summers, an organizer for End the Fed , files this report in the Nashua Telegraph about, among other things, the symbiotic relationship between Congress and the Federal Reserve. The effects of our financial house-of-cards collapsing are everywhere: home foreclosures, unemployment, stock values cut in half, retirement savings lost. The cause, however, is a bit harder...