Silver down 6%

I wonder if they raised margin requirements to suppress prices. Gold is also down sharply. The US agrees to ship food to North Korea. I will add more news as I find it.

G-20 asks Europe to put more money in the pot and they will add 2 trillion to bail out Europe.

 http://finance.yahoo.com/news/euro-zone-deal-firewall-awaits-001447349.html

I suspect this is a sell-off of paper silver rather than bullion. This coming friday will be a good day to have your silver purchases made by, after that in a week or 2 it will be back up again.

IVR insider buy; Silver up 4.28%

Insider buy:     http://www.snl.com/irweblinkx/ShowFile.aspx?Output=XML&KeyFile=12792219&Format=XML

oil backed off some but silver went up 4.28% to $36.91. Gold is up 1.04%. This is what Mahendra predicted---silver will outpace gold!

Citigroup admits to defrauding FNMA and FMCC

Here is the link: http://www.bloomberg.com/news/2012-02-22/citigroup-defrauded-fannie-freddie-whistle-blower-claims.html
They will have to fork over the money.

AGNC declares dividend early

The quarterly report came out tonight; some good news and some bad.  On December 31st Book value was raised $.80 from $26.90 to $27.71. In 2011 Book value went up $9.07 total.  The value of the mortgage backed securities went up in value.   AGNC has a net income of $.99 this recent quarter plus $.80 of undistributed income.  The first dividend of 2012 will be ex dividend on March 5th payable to record holders on April 27th. The amount will be $1.25 down from $1.40.  The repo rates were higher.  I think the higher book value will absorb much or most of the disappointment of the lower dividend and I think management did very well managing it.

FNMA went up like 17% today; this was predicted by Vedic astrology and this is only the beginning; the real estate markets will rebound in 2012.  Silver at this time of 7:00 pm is unchanged $ slightly up maybe $33.69 Kitco. 

Silver to fight cancer

Silver has been found in England to combat cancer similar to chemotherapy but with fewer side effects. here is a link to the article:  http://www.dailymail.co.uk/health/article-2095610/Silver-bullet-cancer-Metal-kill-tumours-better-chemotherapy-fewer-effects.html?ito=feeds-newsxml

In the short term silver and stocks may correct some but in the 2012 year it will go up.

Another offering for ARR silver up

Last night ARR offered 26 million shares of common stock. As of 9:49 am ARR is at $7.03. 
Silver is $33.59 but was $34.20 just minutes ago. I feel 2012 will be good for silver- especially the second half of the year perhaps.