Posts Tagged With: investing

Precious Metals update…..

gold trades at $1,663/oz, up $3 from last week. Spot silver trades at $30.15 – down 5 cents from a week ago.
Platinum and Palladium are set to finish 2012 outperforming gold and silver – both up roughly 10%. Currently platinum trades at $1,527/oz (down $20 versus last Monday). The palladium spot price is $703/oz up $12 week over week

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Some of Obama’s investment…SCANDALS

1. RASER TECHNOLOGIES in 2010, which has fewer then 10 employees, was given $33 million to build a power plant. According to the Wall Street Journal the company FILED FOR BANKRUPTCY HEARING this year.
2. ECOtality in 2009 was given $126.2 million for the installation of 14,000 car chargers in 5 states. The company has since incurred more than $45 million in losses, and the company is under investigation for insider trading.
3. NEVADA GEOTHERMAL POWER was given $98.5 million in 2010. The New York Times reported in October that the company is in “financial turmoil,” and there was significant doubt the company’s ability to continue as a going concern.
4. FIRST SOLAR was given $3 billion for power plants in Arizona and California, and Business week reported their stocks fell to a record low after reporting $401 million restructuring costs, and had fired 30 percent of its workforce.
5. ABOUND SOLAR was given $400 million to build photo-voltaic panel factories. Forbes reports in February the company halted production and laid off 180 employees. In June of 2012, Abound went BANKRUPT.
6. BEACON POWER was given $43 million even though Standard and Poor’s had given the company a dismal outlook. Last fall the company received a delisting from NASDAQ and has FILED FOR BANKRUPTCY.
7. SUNPOWER was given $1.2 billion and as of January owed more then it was worth.
8. BRIGHT SOURCE was given $1.6 billion and then posted a string of net losses totaling $177 million.
9. SOLYNDRA, a solar panel manufacture, was given $535 million and since then has gone BANKRUPT.

“Of all these grants and loans 71 percent of the money went to “individuals who were bundlers”,
members of Obama’s NATION FINANCE COMMITTEE, or large donors to the Democratic Party.”

Tonopah Solar got $737 million (larger than Solyndra)
Tonopah Solar is run by Nancy Pelosi’s brother-in-law..

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