• HMRC Extends Tax Deadline by 2Days for Self Assessment Online Filing
  A strike by HMRC staff on the 31st of January 2012 has prompted the Inland Revenue to extend the tax deadline by 2 days to cope with the annual last minute rush by upto 2 million people to complete online personal self assessment tax returns on the last day.
  Strike action on the 31st of January may have meant that many of those calling the HMRC for advise and guidance may have not been able to get through.
• RBS CEO £1 Million Bonus for Failure Should be Scrapped, Bankster Fraud on Taxpayers Continues
  The RBS board has awarded the CEO a bonus of £1 million in addition to his £1.2 million salary for effectively being an abysmal failure on any recognisable measure.
• Stock Market Glass Ceiling Revealed
  Following up on our most recent post “Glass Ceiling Bullish or Bearish,” today, we unveil the two markets illustrated in that feature.
  Below, we display the two phantom price charts presented for side-by-side comparison. We had mentioned that both were popular indices, and hinted that we had rendered one of the charts with monthly closes and the other using a chart of daily closes.
• It’s Time to Get into Gold Junior Miners
  Philip Ker, a mining analyst for Canada-based Union Securities Ltd., says while current market conditions are affecting the junior mining space, they are also helping investors to identify low-risk opportunities and projects that may provide future value growth. In this exclusive interview for The Gold Report, Ker discusses how the industry will need to continue to see positive news, especially from senior and midtier producers, which should trickle down to the juniors.
• Stock Market Let’s Not Get Too Optimistic!
  In investing much is said about the folly of following the crowd.
  It’s voiced in age-old maxims like “The market will do whatever it must to fool the majority”, and Warren Buffett’s advice to “Be fearful when others are greedy, and greedy when others are fearful”.
• U.S. Economy Waist Deep in the Big Muddy
  With its announcement this week that it will keep interest rates near zero until at least late 2014, the Federal Reserve has put another large crack into the foundations underlying the US dollar. In a misguided attempt to provide clarity and transparency, Ben Bernanke has instead laid out a simple road map for economists and investors to follow. The signposts are easily understood: the Fed will stop at nothing in pursuing its goals of creating phantom GDP growth, holding down unemployment, propping up stock and housing prices, and monetizing government debt. To do so, it will continue to pursue a policy of negative interest rates, while ignoring the collateral damage of unsustainable debt, virulent inflation, misallocated resources and credit, suffering yield-dependent retirees, and a devalued U.S. currency.
• Central Bank Gold Joining the Dots
  Yes, central banks are holding more gold. But they’re holding very much more wood-pulp on top…

  THE GOLD PRICE on Wednesday broke up through the downtrend starting at last summer’s record high. Or so a technical analyst studying the price chart would tell you.

Digest powered by RSS Digest