Here is your Crux PM update:
China's big gold secret is out: Quietly building huge hoard since 2003
World's largest gold producer "does not permit exports of gold ingots..."
BIG bullish sign for oil services...
Major player just reached 6-month high after issuing this ugly earnings report.
American Express credit is downgraded
"…another rating cut is likely over the next 12 to 18 months."
| American Express credit is downgraded |
From Newsmax: Moody's Investors Service Friday downgraded its ratings on American Express Co after the credit card company posted sharply lower first-quarter earnings as it struggled with bad loans. Moody's cut its senior long-term debt on American Express by one notch to A3, the seventh-highest investment grade, from A2. The short-term rating was lowered to Prime-2 from Prime-1. Moody's said the outlook for the long-term ratings of American Express is negative... Read full article... More posts on credit cards... Goldman says buy Morgan Stanley, short Amex Get $300 from American Express The biggest myth about the looming credit card crisis |
Massive insider selling taking place right now...
Fastest rate since the October 2007 peak.
Little-known "K-Ratio" predicts major imminent move in gold stocks
"...now at .90 and flashing a very strong buy signal."
A brilliant solution for Flint, Michigan: Let God sort it out
Flint officials want the forest to reclaim huge chunks of the declining city.
Regards,
The Daily Crux
www.thedailycrux.com
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