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Tiptoeing Up The Mountain

 

Gold Edges Up, Near Ledge

 

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off today.

 

The federal extended unemployment benefits program ends in December. This program provided an extension by 50% of eligible UCB (Unemployment compensation benefits) pay period. An example: Joe is laid off and qualifies for 26 weeks of UCB. At the end of the 26 weeks, Joe was eligible for 13 additional weeks of Federal benefits at the same dollar level. The effect of this is to remove millions from the unemployment roll sooner. How will Joe pay his mortgage, credit card debts, car note, paperboy, druggist, etc?

 

When enough people are homeless, will they mass together? Will anyone notice, particularly politicians? Will someone begin to think of the WPA (Work Progress Administration)

 

WPA historical site

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Machinehead:

 

Where can I find crude oil quotes in Europe trading or PreMarket in the U.S.??

 

Ino.com doesn't start quoting crude futures until 9:30am

 

 

Thanks.........

Bloomberg's front page has what appears to be after-hours quotes on gold and crude oil -- currently showing crude oil at $33.03, up 0.24.

 

http://www.bloomberg.com/

 

Brent crude is traded on the IPE in London. Their site (front page) has some kind of "5 minute" and "1 minute" quotes on the Brent contract, but I haven't checked this out often enough to get a sense of whether it's promptly updated.

 

http://www.theipe.com/

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One of my muts is in this bullhorn article, PCS.

 

Wndy, Crisco too...War on terror companies.

 

 

(REUTERS) Before the Bell-Sycamore Networks, Ciena rise

Before the Bell-Sycamore Networks, Ciena rise

 

CHICAGO, Dec 31 (Reuters) - Shares of Sycamore Networks

Inc. <SCMR.O> and Ciena Corp. <CIEN.O> rose before Wednesday's

opening bell after both companies were among a group that won

military contracts to build a global network with optical and

data networking gear.

On Tuesday, Sycamore and Ciena were among the six companies

awarded four contracts worth at least $400 million by the U.S.

government, according to a statement distributed by an arm of

the U.S. military.

Contracts were awarded to Ciena for the optical transport

business; Sprint Corp. <FON.N><PCS.N> and Sycamore for optical

digital crossconnects; Juniper Networks Inc. <JNPR.O> for

routers; and Qwest Communications International Inc. <Q.N> and

Cisco Systems Inc. <CSCO.O> for multi-services provisioning

platforms, the on-ramps to the optical networks, according to a

release from the Defense Information Systems Agency.

 

 

 

Ag

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soup???

 

This newly created money goes out into the economy and it dilutes down the value of the dollars that were already out there. It's like pouring water into a pot of soup, it dilutes the soup. So by throwing more and more money into the economic soup out there the money gets weaker and weaker and weaker and we have the phenomenon called inflation which is the appearance of rising prices. I emphasis the word "appearance" because in reality prices are not rising at all. What we're seeing is that the value of the dollar is going down, that's the real side of the equation.

 

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