Do not buy sterling on Ebay

China is flooding America with sterling jewelry stamped .925. it is plated. it comes from Hong Kong but some sellers are using American addresses. They claim it is tested and genuine but it is only plated. The Chinese are also flooding the market with fake silver coins and bars and fake gold. Beware of coins and jewelry in pawn shops and discount stores as well. I recommend buying silver dimes because they aren't counterfeited yet. Have your silver acid tested if you do buy and make a big fuss about it if you find it is fake.

AGNC declares and Federal Reserve and Gold

Yesterday after hours AGNC declared $1.40 dividend.

Ron Paul questions the Federal Reserve about gold; this is an interesting video:
<iframe width="1280" height="720" src="http://www.youtube.com/embed/0OkITedQrek" frameborder="0" allowfullscreen></iframe>

IVR declares dividend-- bad news

IVR declared a $.65 dividend at 3:17pm today.   It was previously $.80.  Aftermarket shares dropped 5.97% to $14.80 on top of the 2.18% loss they had during trade hours today.  This is a 7.37% drop total if it opens at this price tomorrow.  Their earnings were $.79 per share, Im not sure why they didnt declare a higher dividend but this has been a tough year for IVR and CIM.

I do think silver could drop more yet possibly into the mid $20s. The dollar is expected to get stronger.

Silver sales are down in November

here is a link to the article:  http://news.coinupdate.com/american-gold-and-silver-eagle-bullion-sales-plunge-1089/
The dollar index is expected to go up now which may make silver and gold prices go down. When business picks up later next year silver and platinum could go up again because they are industrial metals as well as monetary metals. Gold could go down more than silver as a result.

No major news on REIT stock, interest rates are down so they should do well.  CIM has had some insider buys.

Christian missionaries playing stoupid games

Christians from outside of India are stirring up trouble using immoral practices.  Here is a link to the article.  http://www.hindujagruti.org/news/12683.html Do not give to missionaries sending money overseas for Christmas, the money is used to entice children away from their native religion to Christianity. I  am concerned Christian missionaries will start a civil war in India, they teach people scandalous and untrue things about native Hindu religion. The government seems to look the other way. See my page on missionaries explaining what has been happening in India and other countries.  Some Churches are sending shoe boxes to Africa and possibly India, this is to entice children away from their culture and religion with candy and toys.  This is wrong and very damaging to christianity.  Christians are using the ends justify the means, they will get quick but not lasting results and will cause resentment and many will die in violence that it causes. Do we really want to cause a war between Moslems and christians in Africa or between hindus and Christians in Asia-- we already have enough problems caused by polyticians, we dont need the Churches throwing gas on the fire!

Billionaire Sprott

He asks silver producers to keep money in silver instead of the bank. This would be less risky. Banks are paying next to nothing in interest plus banks can go under. He is also the one who came up with PSLV the silver Etf backed completely by silver bullion. Here is a link to the article:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/25_Billionaire_Eric_Sprott_Asking_Silver_Producers_to_Save_in_Silver.html
The people who run SLV have been known to short silver at their own risk. Of course if they get caught they probably figure Uncle Sam will bail them out.

Be aware of fake silver

China is flooding the market with fake silver dollar coins and even fake silver bars. they have not started doing the dimes yet. Many are being sold on Ebay and pawn shops so be careful where you buy silver. Also know your weights, bars are being sold that have only a tiny fraction of the silver in them but they look like regular bars.Even coin dealers are being fooled by the counterfeit coins. One way to prevent a catastrophic loss is not buy really large lots of silver in one place, also getting dimes would work as well.Here is a link to an article on the subject:  http://www.shtfplan.com/precious-metals/chinese-counterfeiters-flood-global-markets-with-fake-silver-and-gold-100000-coins-from-a-single-counterfeiter_11102011

Neodymatic slide, how to tell fakes from real silver dollars. Some fakes are slightly magnetic and some are not.    <iframe width="960" height="720" src="http://www.youtube.com/embed/3gUjuS5TzwI" frameborder="0" allowfullscreen></iframe>

<iframe width="1280" height="720" src="http://www.youtube.com/embed/NgSXg-WOEVY" frameborder="0" allowfullscreen></iframe>   (slide strong magnet down silver bar)