I am basing it on every other earnings gap up. But again that's why I am not rich

?

did this just completely get swept under the rug a few weeks ago?

http://nation.foxnews.com/us-credit-rating-downgrade/2012/04/06/egan-jones-downgrades-us-credit-rating

Obama Orders Press Blackout After US Credit Rating Cut

http://beforeitsnews.com/story/1993/845/Obama_Orders_Press_Blackout_After_US_Credit_Rating_Cut.html

​A shattering report from RIA Novosti's Washington D.C. bureau appears to prove that the mainstream press in America has become nothing more than a propaganda arm of the Obama regime when during a White House news briefing this past week they were effectively ordered not to report on this past weeks credit rating cut of US government debt.

The Russian International News Agency (RIA Novosti) is a Russian state-owned news agency based in the capital Moscow whose clients include the presidential administration, Russian government, Federation Council, State Duma, leading ministries and government departments, administrations of Russian regions, representatives of Russian and foreign business communities, diplomatic missions, and public organizations.

The White House news briefing referred to in this report occurred this past Thursday (5 April) when Obama regime officials were queried about the latest shock downgrade of the United States credit rating stating that to the American people this critical event should be kept in the category of a "non-story" so as not to confuse and/or shock them.

Most surprisingly, this report continues, the mainstream US news media, including their most important television networks and major newspapers, dutifully followed the directives of the Obama regime and failed to uniformly inform the American people of this momentous event.

Credit rating agency Egan Jones (EJR) downgraded the United States Thursday on concern over the sustainability of public debt. Egan Jones is one of the most important ratings firms in the world; they lowered the US credit level from AA+ to AA. The firm reduced the US from AAA to AA+ in July 2011, just before Standard & Poor's did the same.

Egan Jones further warned: "Without some structural changes soon, restoring credit quality will become increasingly difficult . . . without some structural changes soon, restoring credit quality will become increasingly difficult." They added that there was a 1.2% probability of US default in the next 12 months. The company cited the fact that the US's total debt, which now equals its total GDP, is rising and soon will eclipse the national GDP; the company sees the debt rising to 112% of the GDP by 2014.

So dire have economic conditions become in the United States that American freelance alternative press online columnist Allen Roland stated to Press TV this past week that the United States is experiencing a deep depression and cited the following facts:

"Reality is finally coming to the surface. The stock market is not the American economy. Eighty percent of the stock market is basically high frequency trading of the big boys playing games with their money.

And 61 percent of the American debt is being bought by, guess who? The Fed (US Federal Reserve Bank) - So we're printing money. So let me give you the raw economic numbers, which basically what this is telling us - raw economic numbers about the American economy:

38 percent of all Americans are either considered to be low income or living in poverty; 57 percent of all children in the US are living in homes that are either considered to be low income or impoverished; the average amount of time a worker stays employed in the US is now over 40 weeks and according to the Bureau of Labor Statistics, 16.6 million Americans were self-employed in 2006; today that number is 14.5 million."

Most astounding to note in these horrible statistics about the US economy are that they are apparently welcomed by Obama who yesterday stated about the weekly jobs report: "We welcome today's news that our businesses created another 121,000 jobs last month, and the unemployment rate ticked down."

Failing to be mentioned by Obama, or his propaganda mainstream press corps lap-dogs, was that the only reason the US unemployment rate was able to be tagged lower was due to the record number of 88 million Americans dropping out of the work force because there are no jobs for them.

To how the Obama regime is really dealing with the catastrophic rate of unemployment, aside from keeping the American media from telling the truth, appears to be through mass arrests of those who dare to protest, and as of 29 March showed nearly 7,000 US citizens jailed for protesting in at least 113 separate cities.

Even worse, new reports from the United States are further warning that a new wave of home foreclosures is underway that will rival the upheaval seen by those who lived through the Great Depression of the 1930's.

To how the Obama regime will deal with future instability caused by unprecedented economic dislocation and chaos Americans are being warned that their police forces have now adopted Israeli techniques which, in essence, labels all protesters as terrorists while at the same time the US Department of Homeland Security is still refusing to say why they ordered 450 million rounds of ammunition.

One of the rare exceptions to those American media organizations doing lap-dog service for the Obama regime is the highly respected lawyer and New York Times best selling author Glenn Greenwald who in his latest article in Salon Magazine writes: "The uncritical relationship and overlapping functions of government officials and establishment media organs are more severe than ever."

Most sadly in all of these events, the once great United States, whose press freedoms were once legendary, has been placed at No. 47 on the world's press freedom index by the internationally respected Reporters Without Borders (RSF) organization in a stunning move reflecting how deprived of real truth the American people truly are.

The great American Founding Father Thomas Jefferson once warned his fellow citizens, "Our liberty cannot be guarded but by the freedom of the press, nor that be limited without danger of losing it."

With that warning going unheeded, however, the quote of the great American author Mark Twain seems to be the more appropriate one to use for this American generation, "There are laws to protect the freedom of the press's speech, but none that are worth anything to protect the people from the press."

I'm not  smart and/or brave enough to trade but I forwarded your post to my son who I believe is. His rebuttal in the interest of "fair play/discussion". (Someday I may even convince him to become a Turdizen:)

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Three charts and not a single point made about Apple's actual business. If you look at the source and breakdown of their numbers $1000 seems damn near inevitable. They made 3X what they did in the year ago quarter in China, and the iPhone isn't even available on China's largest carrier. That carrier has 600 million subscribers, so once it is available to their customers that could easily add 15 million units per quarter. The iPad isn't available in China at all because of a trademark dispute, but once that is resolved I think 15 to 20 million iPads per quarter in China is a realistic estimate.

March Durable Good Implode, Worse Than Lowest Wall Street Forecast And Biggest Drop Since January 2009
http://www.zerohedge.com/news/march-durable-good-implode-worse-lowest-wa...

Apple: Would love to see a little pull back at the open.

Gold: Would love to see a little pull back this afternoon.

Got me some dry powder!

Let's be real folks, we're here to make money and protect our wealth. Nothing wrong with buying some stocks while stacking.

On another note: for thoughts of bugging out and taking your PMs with you and reduce the worry of confiscation. Would it not be cool to have a chess set made of silver and gold. 1/2 oz pieces for the pawns, 1 oz for others, 1.5 oz for the king and queen.

Well the surprising thing is that a number of billionaires are pouring money into this venture, so at least they seem to think it's viable.  Personally I wouldn't be so dismissive so quickly.   Maybe it will indeed become feasible in the future.

Stranger things have happened in the past. In the early 1960's the majority of folks thought the idea of flying a man to the moon that very same decade utterly outrageous.  The rest is history ...

Interesting how some (admittedly not all) of the gold bulls are very quick to totally dismiss any story that would result in the price being depressed, but have no problem believing a story with no foundation that is hugely bullish eg "There's no gold in Fort Knox"   

Getting another pop

I find the news release of durable goods worse than expected on day of Burnankes fed meeting a little too coincidental...

Just sayn'

S&P cuts India outlook; investment rating in peril
http://finance.yahoo.com/news/p-cuts-india-outlook-negative-074839947.html

And notice the hit on the metals.. 10 am could be another bomb time.

I think you need another holiday - or a different one.  Cheer up - today is definitely a day of wait and see.

I cant always be waiting waiting on you
I cant always be playing playing your fool
I keep playing your part
But its not my scene
Wont this plot not twist?
I've had enough mystery.
Keep building me up, then shooting me down
Well im already down
Just wait a minute
Just sitting waiting
Just wait a minute
Just sitting waiting

Gravity and Economic-Physics supports my disbelief on a PURELY scientific basis (unless Earthly-Gold literally reaches "Astronomic" prices, if you'll excuse the pun).

.

I would however be far less sceptical & more worried IF they were proposing something more practical & "down to Earth" ..... such as developing a means of economically extracting Gold from Seawater (which will probably be TPTB's "Final Weapon of Mass Propaganda" in their fight to devalue Gold ).

.

BTW ... I DO hope it ISN'T true that "There's no gold in Fort Knox" ... as IF all the gold is still there (AND is still owned by the Nation), then America does have a chance ... but IF it ISN'T, then America is almost certainly fe**ed (along with a large portion of other nation-states).

So yesterday they ran the gold price up right into the London afternoon fix, and the fix was at the high for the day ... downhill afterwards.

Today they run the price down to the fix (almost the low for the day) so let's see if that was the low.

It would appear that the Obama 'order' is speculation, and possibly Russian propaganda.  But the story is actually worse.  Who needs a press order when you can just shut down the entire company?:

Egan-Jones Downgrade of U.S. Followed By SEC Investigation

Hello!  You can guess what I think:

Oops, that's on the wish list!