1. US Oil Imports Drop Off a Cliff
by Michael Campbell
This Weeks Shocking Stat - US Oil imports have collapsed from 60% to a just reported 22%. Tough on Canada, that relies so heavily on US Oil Exports!
2. The Coming Run on Banks and Pensions
by Dave Kranzler
“There are folks that are saying you know what, I don’t care, I’m going to lock in my retirement now and get out while I can and fight it as a retiree if they go and change the retiree benefits,” he said. – Executive Director for the Kentucky Association of State Employees, Proposed Pension Changes Bring Fears Of State Worker Exodus
by Stewart Thomson
Gold has staged a fabulous rally from about $1220 to $1245. Using the December futures price chart, I’ve defined the $1300 - $1350 area as a spectacular profit booking opportunity for investors.