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"TORONTO, April 8 /PRNewswire-FirstCall/ - On April 8, 2004, it was incorrectly reported by third parties that North American Palladium Ltd. filed amended French audited annual financial statements for the financial year ended December 31, 2003. The Company confirms that it has not filed such amended financial statements for the 2003 fiscal year or any other period."

 

North American Palladium Ltd. Corrects News Wire Release

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Happy Easter Doc, Mark and everybody else here! :)

 

and may a rock of a suitable size fall down from the sky

and hit bulls, Osama, _____________ (add your favorite culprit) :lol:

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The fix is in:

 

The Senate on Thursday sent President Bush a stopgap pension measure that expected to save corporations tens of billions of dollars in funding costs over the next two years. The bill makes a change in the method used to calculate required pension fund contributions. It would replace the current 30-year Treasury bond interest rate that is used by many employers to calculate the amount of money they must set aside in their employee pension plans with a blend of corporate bond index rates. The new rates would be used through 2005. The Pension Benefit Guaranty Corp. estimates the change would save companies around $80 billion.

 

It's not enough that SocSec and Medicare are going to implode.

 

They're taking down private pensions too.

 

Last resort is personal assets -- preferably outside the grip of the Matrix.

It's pieces of information like this that's making this such an interesting place

(and Marks priceless market wrap-up :D )

 

Thanks machinehead!

Might this be a harbinger of 2.5% 10 year treasury yields ?

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Note that the longer the Manipulations take place, the more "cause" is built up for a huge upside explosion.

 

Platinum, Palladium, and Crude have orderly charts.

 

Silver was held down way too long in the beginning, and now its in a PermaBoner state.

 

Gold is the Last Manipulated Commodity.

 

It is still working on a base, as the Bullion Banks, The Matrix, and other Central Banker Goons smash it repeatedly, stretching out the consolidation pattern longer and longer.

 

When the shackles are broken loose, the Beach Ball Held Underwater will finally be released, and there will be no stopping it.

 

I am quite shocked that given the Massive Money Printing, the Myriad Derivative Exotica, the CRB Explosion, the Rampant Financial Paper Speculations, and the Global Reflation Boom have not created much price action on gold.

 

On an inflation-adjusted basis, gold has hardly done anything yet. The big move is still ahead of us.

 

Same with the T-Bone Yields. Way too long at 45-year lows. Held underwater by the Derivative Colossus and the Central Banker Interventions.

 

When that thing decides to move northbound, it will be a shocker.

 

Everyone is dreaming up of a scenario of Johnny Law II raising rates very gradually, and that the ARM payments will go up gradually, and that stock prices, real estate prices, and income growth will always exceed the increase in the loan payments.

 

The Cosmic Joke will be when we get a 200 basis Shocker Move in the 10-year within a week.

 

Followed by another 200 basis point move the next week.

 

And within 30 days, Joe Six's payments will be 60% higher.

 

And his Capitol One Mermaid Interest rate just went from the 7.9% teaser rate to 24%.

 

And the gasoline for his F-350 Crew Cab and the MasterCraft ski boat will be $4.00/gallon.

 

And the SpreadTraders' Bank of America Prime Brokerage Interest Rate on their margin accounts just went from 3.5% to 11%.

 

Good Luck to all Bagholders on Margin.

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They're taking down private pensions too.

Nobody use those things anymore,

http://edworkforce.house.gov/press/press10...onhrg060403.htm

only 21 percent participate in a defined benefit plan, while 46 percent participate in a defined contribution plan

 

http://www.legal-forms-kit.com/freelegalad...loyment/13.html

employers are not legally required to provide any pension benefits at all

PBGC coverage doesn't extend to defined contribution plans

Nobody young. Unfortunately for the pensioners, that isnt everybody.

 

DB plans are dead, haven't seen a new one sold in years. Doesnt mean there arent hundreds of thousands expecting those monthly distributions.

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