Economy News for Tues 12 Jun 2012

[Cheryl Nelson]

Jim Sinclair:  The End Is Not Near, It Is Here And Now

http://www.zerohedge.com/contributed/2012-06-08/%E2%80%98-end-not-near-it-here-and-now%E2%80%99-%E2%80%93-gold-legend-jim-sinclair

"Financial Crisis" In Real Time -- Media Silent

http://homelandsecurityus.com/archives/6122

$125bn Spanish Bank Bailout Sets Gold Up For $2,000 and Silver $60 This Autumn

http://www.arabianmoney.net/gold-silver/2012/06/10/125bn-spanish-bank-bailout-sets-gold-up-for-2000-and-silver-60-this-autumn/

IMF Chief Warns World Risks Triple Crisis

http://www.guardian.co.uk/business/2012/jun/12/imf-world-risks-triple-crisis-christine-lagarde

After Spain, Is Italy The Next Domino To Fall?

http://www.businessweek.com/articles/2012-06-11/after-spain-is-italy-the-next-domino-to-fall

Fitch Downgrades 18 Spanish Banks

http://www.businessweek.com/news/2012-06-12/fitch-downgrades-18-spanish-banks-cites-concern-about-bad-loans

Moody's Threat To Downgrade Banks Stirs Search For New Bond Backers

http://www.denverpost.com/business/ci_20835395/moodys-threat-downgrade-banks-stirs-search-new-bond

Wall Street Bounces On Cue From Spanish Yields

http://finance.yahoo.com/news/stock-index-futures-point-firmer-092934115.html;_ylt=AvgFTUKGBEFQFAFa7Bqa1nWiuYdG;_ylu=X3oDMTQzc3NqMm5tBG1pdANGaW5hbmNlIEZQIEp1bWJvdHJvbiBMaXRlBHBrZwMyMDU3MTkzNC0wNzhkLTNjYTktYWVjMC1iNjI2ZTU4MWExZmEEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDNWRkOTIwOTAtYjRkNS0xMWUxLWFmYmQtN2VmYjdhYjg4NjNk;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Gold Rises Above $1,600/oz. As Euro Hits Session High

http://finance.yahoo.com/news/precious-gold-rises-above-1-142951147.html;_ylt=Ahd7ekOso7caldjdthYsYHyiuYdG;_ylu=X3oDMTQxanVyaXJxBG1pdANOZXdzIFRvcGljIDIEcGtnAzZjZDYzYWUwLTY5MDktMzJiNC04N2IwLTg4MmUwMzVmNjVlYgRwb3MDMwRzZWMDTWVkaWFTZWN0aW9uTGlzdFRlbXAEdmVyAzZlNzAxMjliLWI0YmUtMTFlMS05ZmZjLTMyNWRmMWI1NzM5NA--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Oil Rises Ahead Of Key OPEC Meeting

http://finance.yahoo.com/news/oil-rises-ahead-key-opec-152914866.html;_ylt=AhrAnCUoRPHoNrUIJji3jqqiuYdG;_ylu=X3oDMTQxMWIyb2xtBG1pdANOZXdzIFRvcGljIDIEcGtnA2U0NjJkNjQ4LTlmNGItM2JkYi05YjM3LTc2ZDA1MmQ1NjNhMARwb3MDNARzZWMDTWVkaWFTZWN0aW9uTGlzdFRlbXAEdmVyA2FlMzgyODBkLWI0YmQtMTFlMS1iNWZhLTkyOTgwYjFmOWYzNQ--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3