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.

NOW HERE IS WHAT IS MOST INTERESTING IN THIS ARTICLE BY THE LINCOLN JOURNAL STAR:
“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.”

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

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