GG flagged this piece by Tyler Durden, over at Zero Hedge: Why Are Silver Sales Soaring? That is significant news. Think about it: Annualized, that means that effectively, the entire US silver mining production is being devoted to producing Silver Eagles planchets. The law of supply and demand is inescapable. So I’m I standing by my long term price predictions for silver.
Also from GG: 33 states out of money to fund jobless benefits.
Reader Chad S. notes: The Federal government deems all $5, $10 and $20 Federal Reserve Notes (FRNs) minted before the 1996 series to be unfit for circulation. (Scroll down to Page 3.)
Items from The Economatrix:
California Jobless Rate Hits 12.6% in March