USD/JPY Short For 109.20, Profit Taken On GBP/USD Long

by Shelton on April 13th, 2017

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… Melenchon's challenge as a blip that may fade, his rise has injected further uncertainty into the outcome of the election, in which centrist Emmanuel Macron has largely been seen as the favourite.

The Myth of Gold Confiscation

by Shelton on March 3rd, 2017

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If the wealth of your family is within the fiat system, you do not want to be looking to buy precious metals after the price has risen.

Executive Order

by Shelton on February 6th, 2017

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Today, let's start with how pathetically fickle, and predictable, America's electorate has become – in the final, malignant stage of history's largest, most destructive fiat Ponzi scheme.

Discounts And Dividends In Gold Closed-End Funds

by Shelton on January 10th, 2017

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I don't know if it is a good time to buy precious metals as an investment, but there is no bad time to accumulate small amounts as an insurance.

Trump Selects Wall Street Insiders for Cabinet; Steve St. Angelo on Silver Production Peak on 2015

by Shelton on December 12th, 2016

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Those who are looking to buy precious metals for the holidays will find plenty of bargains thanks to the dip in spot prices.

Market Report: Finding support

by Shelton on October 28th, 2016

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After the sell-off of recent weeks, gold and silver found support at $1250 and $17.40 respectively. In early European trade this morning, gold traded at $1263, up $7 since last Friday's close, and silver at $17.47, unchanged.

Corporate state blows up government power

by Shelton on September 25th, 2016

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Also, buy precious metals like silver and gold. These are stores of value that will rise in value as the current unstable market corrects.

Discounts In Gold And Mining Closed-End Funds

by Shelton on July 10th, 2016

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I don't know if it is a good time to buy precious metals as an investment, but there is no bad time to accumulate small amounts as an insurance.

Tweet on Twitter

by Shelton on June 6th, 2016

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A call was received from the 28100 block of Hwy 44 in Shingletown to report that a male was paid a large sum of money to buy precious metals for caller. Requests to make a report. A call was received from a cafe in Montgomery Creek. Caller states he

Dex Media (DXM) Enters Forbearance Agreement With Lenders

by Shelton on December 1st, 2015

filed under Secured Credit

Dex Media (NASDAQ: DXM) today announced it has entered into a forbearance agreement with lenders under its senior secured credit facilities. The agreement is effective through November 23, 2015, pending certain conditions.

In addition, the Company announced it has received a term sheet and restructuring support agreement (RSA) from the ad hoc committee of lenders holding more than 50% of its senior secured credit facilities. The Company and its advisors are reviewing the term sheet and RSA, and are continuing negotiations with the Company’s lenders with a goal of agreeing on terms of a consensual restructuring.

“Constructive discussions with our lenders over the past few months have now led to a term sheet and restructuring support agreement. The forbearance agreement provides additional time to agree on a plan to restructure our debt facilities,” said Joe Walsh, Dex Media President and CEO. “We remain focused on implementing our long term business plan and putting in place the right strategic, operational and financial structure to support our business for many years to come.”

As previously announced, the Company elected to take advantage of a 30-day grace period to make an interest payment due on its senior subordinated notes, which was due on September 30, 2015. The Company did not make the interest payment within the grace period, and as a result, the Company’s bondholders have declared the senior subordinated notes to be immediately due and payable.

The Company’s liquidity position remains strong, with a cash balance of approximately $205.3 million as of October 30, 2015, and its employees, clients and vendors should see no disruption to current operations as a result of this announcement.