Silver and Gold

J.P. Morgan or JPM is the custodian of SLV the etf and HSB bank is the custodian of the etf GLD. Both of these companies are accused of shorting silver and gold. Some are concerned about statements in the etf prospectus and the safty of the etf.  There will be a Sprott silver fund coming out with better conditions, it is recommended to sell the SLV and buy the Sprott silver fund. Some etf s are better allocated than others-- it is best for the fund to hold silver bars in their possession to back all of the etf.
    Metals and maybe markets may back off some this week which is another chance to buy into the metals markets. Stock markets should be profitable for the rest of the year. The European debt crisis is not solved.

US mint / Euro

The US mint started selling the 25thth Anniversary  silver Eagle set today for $299.95 for the 5 coin set. It completely sold out by 3:30 pm. The website went to a slow crawl. They are completely out of the 100,000 sets -- there will only be 100,000 coin sets made.  Who said there is a low silver demand? Silver is over $35 at close today. The US mint put a limit of 5 sets to be bought by any household so no one can get more than 5 , period.  Goldmart.com is offering  $400 for each unopened set and APMEX is offering $425.  They are also pre-selling them on Ebay.com for around $440 or more.
     The Euro will crash by 2016, temporarily it is fixed at least for a few days. The European Union is doomed to fall apart.

AGNC

AGNC has $1.39 per share earnings and after hours makes secondary offering. Silver is 33.55 at midnight.

Silver position limits

The CFTC  is imposing silver position limits and also short limits.  Some large holders may have to sell plus some shorts may have to buy. Greec's debt may be higher than what we previously believed so there may be a rough week for stocks. Silver is already down some, we could see a drop in price but also some volatility in both directions. REIT stocks are quiet. CIM is up 10% from a few weeks ago.

Silver could come down but invintories are falling

This link is a chart of silver inventories over the last few years; they are falling:   http://www.24hgold.com/english/interactive_chart.aspx?title=COMEX%20WAREHOUSES%20REGISTERED%20SILVER&etfcode=COMEX%20WAREHOUSES%20REGISTERED&etfcodecom=SILVER

in the short term silver could come down more but in the long term it is no way but up.

Gold legalized in Nevada

Here are the details on how it can be used; it can be diposited in a vault and a debit card can be issued against it.       <iframe width="420" height="315" src="http://www.youtube.com/embed/xYSIQR7F6SU" frameborder="0" allowfullscreen></iframe>

Also Seeking Alpha interviewed Gary Kain of AGNC and they were quite impressed. Here is a link to the article:  http://seekingalpha.com/article/298768-an-interview-with-american-capital-s-gary-kain

2012 Obama to be re-elected

I do believe this is all silver will fall. If it falls further all the physical will get bought up anyways so no one will be able to get silver anywhere near the price anyways. I think the upper 20s is as far as it will go, it has been in the mid 20s but was bid back up real soon. I think $30 is a real good price to buy silver. It will resume the upward progress after a month or so. I think stocks will follow it up. I do not believe we are re-entering another recession or double dip. 2012 will be a good year and employment will improve as well as house prices. President Obama is trying to help people refinance and other programs are in place and I think it will get him re-elected. CIM is at $2.57. Even if people refinance and the Twist program goes through CIM may not be affected by it. CIM book value is 30% higher than what it is trading at. I feel AGNC is the best REIT as far as the people running the company. I personally have diversified away from REITs but have some AGNC and $1035 worth of CIM. I sold the VPLM and I do not feel like re-entering it so CIM replaced it.