On September 23, 2010, a fax memo went out to all coin dealers from the Dept. of the Treasury U.S. Mint... "The United States Mint has depleted its inventory of 2010 American Buffalo One Ounce Gold Bullian Coins. No additional inventory will be made available."
A sign of things to come... ?
Meanwhile, on other shores, on September 15, 2010, Japan intervened to keep its currency from rising more than it already has. Reuters estimates the single day intervention could be as high as $20 Billion. It's common knowledge that China has been moving away from US Treasuries and trading more and more with Japan, which may have been part of their reasoning for the intervention, but....
Could this be another sign of things to come... ?
A quick trip up to Russia leads to the discovery (according to an AFP story) that 45 Russian regions saw prices for certain foods rise by more than 30% in a 30-day period ending August 23, 2010. Surprisingly, this time the Russian Government has chosen not to intervene...
To look at how well stocks have performed this month here in the USA one might think things are actually going well over here. After all, the recession is over... was over as of June 2009... according to the National Bureau of Economic Research (NBER). Yes sirree. Crack open the bubbly.
Unless... ?
Go ahead and party. I'll be back tomorrow with some updates you might have been missing.
Monday, September 27, 2010
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