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The 2004 Fed Transcripts: A Methodical, Diabolical Destruction of America's "Wealth" The Federal Reserve releases transcripts of the Federal Open Market Committee (FOMC) meetings with a five-year lag (as required by law, the Fed would like to burn them). Transcripts for 2004 meetings were released on April 30, 2010. The Dow Jones Industrial Average fell … Read more

Gold hits all-time high as investors seek haven – FT.com / Commodities Traders and coin dealers said buying was exceptionally strong from German and Swiss investors. In Frankfurt, gold sellers said that demand late last week was three to four times normal levels. The spike appears to reflect concerns in Germany about the potential inflationary … Read more

Investors Hurt by Stock Freefall May Have to Live With Losses – CNBC Investors caught on the wrong side of trades in last week's market freefall may have to live with their losses. (tags: stock_market trading)

Bull Market Signaled by Oil Stocks at 19 Times Profit (Update1) – Bloomberg.com The 39 energy producers and equipment makers in the Standard & Poor’s 500 Index have traded at an average 19.1 times earnings in 2010, compared with 17.8 for the index. The last times they had higher valuations in 1994, 1999 and 2002, … Read more

Bias in SEC's fraud case against Goldman Sachs? – Contrarian Chronicles The players on both sides of the trade that the SEC has targeted knew the risks and knew one side was bound to lose. It's far from the worst sin of this mess. (tags: fraud GoldmanSachs SEC)