http://www.gold-speculator.com Gold Speculator - Investing in Gold, Silver and Commodities en http://www.gold-speculator.com/images/header_03.jpg http://www.gold-speculator.com http://feedproxy.google.com/~r/gold-speculator/fejA/~3/bhZD4M3sXpA/showthread.php ... Fri, 03 Jul 09 22:23:48 -0700 http://www.gold-speculator.com/showthread.php?t=7975 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/Gw8aEKh-JPk/showthread.php The stock market is closed today, so I have to wonder why banks are open… But, they are, so we carry on… There’s lots of talk about regarding the Jobs Jamboree that printed yesterday, so let’s get this started! Well, well, well, what do we have here? It certainly looks like all those sounding the “all clear horn” have some egg on their collective faces this morning, eh? The egg thrower is the Jobs Jamboree that took place yesterday… Recall that I told you about how the forecasters had job losses pinned at -365,000? Well, the Bureau of Labor Statistics (BLS) reported job losses to be -467,000, which is far worse than that rose-colored glasses -365,000… But wait! If you act now, we’ll double the order! OK, I’m just having some fun with infomercials… But what I’m getting at is the fact that the BLS was at it again, folks! The BLS added 185,000 jobs to that -467,000! Again… The BLS seems to believe that there are businesses starting up in the depths of ... Fri, 03 Jul 09 20:36:44 -0700 http://www.gold-speculator.com/showthread.php?t=7973 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/dSn9OgSPx6I/showthread.php Peter Schiff on CNBC June 26 2009 Peter Schiff on CNBC June 26 2009 peter Schiff Report Video Blog PeterRon Paul glenn beck obama CNN FOX CNBC Bloomberg aljazeera gerald celente warren buffett marc faber jim rogers gold silver money dollar max keiser [COLOR=#666666]From:TheSchiffReport Views:4229 46ratings Time:05:03More inNews & Politics[/COLOR] Watch at Youtube... Fri, 03 Jul 09 20:36:44 -0700 http://www.gold-speculator.com/showthread.php?t=7974 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/c85jipBJpt4/showthread.php The following is automatically syndicated from Grandich's blog. You can view the original post here July 03, 2009 04:03 PM This video can cause extreme laughter and excessive throwing up. The answer is no to all those who ask if CNBC-TV is a comedy channel. grandich.agoracom.com... Fri, 03 Jul 09 17:34:04 -0700 http://www.gold-speculator.com/showthread.php?t=7972 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/85UNKAkR0ic/showthread.php Click here for the original post... July 03, 2009 11:30 AM Big news yesterday: “Jobs report dashes hopes on recovery,” says the International Herald Tribune this morning. Oh? Yes, dear reader…once again, we’re right and they’re wrong! You’ll recall from yesterday, the feds said that their monster stimulus program would hold unemployment below 8% in 2009. The year’s not half over and the rate is already 9.5%. Then, they said the numbers were getting better each month – inevitably leading to a recovery by the end of the year. They predicted a loss of 365,000 jobs in June – considerably fewer than in May. Instead, the figures – even after they had beaten them up – said 467,000 jobs had gone, which was considerably more than May’s figure. The important thing is that the trend that economists thought they were watching – which was leading to a recovery – has been broken. Instead of fewer job losses, we have more. Ha ha…we laugh at them. We mock them. We turn up our noses ... Fri, 03 Jul 09 15:00:39 -0700 http://www.gold-speculator.com/showthread.php?t=7970 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/HHc0no3IYaU/showthread.php Click here for the original post... July 03, 2009 10:30 AM This week began with shrieks of joy. First, a federal court came down on Bernie Madoff like a brick on a baldhead. Madoff, convicted of lying to investors, drew a sentence that only a sea turtle or a swamp oak could complete. Then, like children playing in the sea, investors were teased by one wave of good news…and tickled by the next. Bloomberg reported that “Wall Street’s largest bond-trading firms say the worst may be over for investors…” Then, General Electric’s CEO, Jeffrey Immelt and famous investor George Soros both said that the crisis is “behind us” and that growth will begin again next year. Finally, analyst John Dorfman opined that the stock market would be a safe place for their money at least through the end of the year. And now comes the big American holiday – July 4th. Investors pack their suntan lotions and head off to the beach for Independence Day. With Jaws in a cage, they had judged it safe to... Fri, 03 Jul 09 15:00:39 -0700 http://www.gold-speculator.com/showthread.php?t=7971 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/fWQj96s7sXk/showthread.php By “The Lone Trader” July 2, 2009 For years silver bulls have been waiting for the fundamentals of silver to finally take hold of price and catapult it into stratosphere. Alas the fundamentals do not provide a good timing tool for price in the short and intermediate term. Silver is a great example of this. After rising to 21 dollars in 2008, Silver had a tremendous setback during the market meltdown witnessed in almost all markets. When it finally bottomed in November of last year, silver traded as low as 8.60 per oz. The winter rally of 2009 retraced all the way back to the 16 dollar area having recently peaked at the beginning of June. The chart below is a 60 minute chart of July Silver. Those who are familiar with my work know that price channels play a huge role in my analysis. Of particular note is the intersection of two channels (Red and White Channels). The white channel is a momentum channel, while the Red channel is the trend channel. Notice that ... Fri, 03 Jul 09 11:50:31 -0700 http://www.gold-speculator.com/showthread.php?t=7969 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/9_b4elziJQI/showthread.php by Adrian Ash BullionVault Friday, 3 July 2009 Pricing crude oil out of the Dollar this Fourth of July... SO THIS WEEK'S spike in the price of Brent crude oil to $73.50 was due to a "rogue trader". His unauthorized dealing through the PVM brokerage reportedly sparked 30 times the typical trading volume and incurred a loss of $10 million. Whatever the regulators missed this time, that spike hardly compares to last summer's run. But averaging nearly $70 per barrel in June, the price of US crude oil just matched its average monthly price of the last four years. No, that's not much of a recovery given the monthly top of $132 per barrel hit this month and last in 2008. And it's peanuts next to the record daily close of $145 hit on Bastille Day, July 14th '08. This Fourth of July, however, and not least if you're out driving, spare a thought for just how much more expensive crude oil and thus transport, heating, detergents and plastics are today than back before the credit bubble morph... Fri, 03 Jul 09 11:47:42 -0700 http://www.gold-speculator.com/showthread.php?t=7968 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/MZPJNaQvx3Q/showthread.php In Today's Edition [LIST] [*]Precious metals pounded again - Head into holiday weekend in a tailspin. [*]Dollar rises - Jobs report is grim. [*]Crude falls again - Recovery optimism on the wane. [*]Base metals mostly lower - Economic data take their toll. [/LIST] But First a Word from our Sponsor BonTerra Resources Inc.(TSX-V: BTR) has executed a letter of intent and provided a notice to proceed with Seabridge Gold Inc. to acquire 100 per cent of Seabridge's interest in the Red Mountain property consisting of 47 claims totalling 17,125.2 hectares located near Stewart, B.C. Highlights of Seabridge's Red Mountain property include: -- High-grade deposit ( > 0.25 opt) of 400,000 ounces in the measured and indicated categories plus an additional 248,000 ounces in the inferred resource category; -- Approximately US$40 million spent by previous owners; Diamond drilling on the property has totaled 134,800 metres in 466 hole... Fri, 03 Jul 09 11:41:32 -0700 http://www.gold-speculator.com/showthread.php?t=7967 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/-P0AM1HWRMU/showthread.php TheDailyBell - Issue 336 • Friday, July 03, 2009 "No advance in wealth, no softening of manners, no reform or revolution has ever brought human equality a millimeter nearer." [RIGHT] - George Orwell [/RIGHT] Obama calls jobs losses 'sobering,' urges innovation Alex Wong/Getty Images President Barack Obama praised innovative energy companies for creating jobs on a day of "sobering news" that employers shed 467,000 jobs in the U.S. in June. "It took years for us to get into this mess, and it's going to take us more than a few months to turn it around," Obama said in a Rose Garden appearance after meeting with energy business leaders. "These are folks whose companies are helping to lead the transformation towards a clean-energy future," Obama said. "Energy is one of the pillars" of a new foundation for the U.S. economy, he said. ... Obama said the U.S. will have to "change how we use energy." He also said Energy Secretary Steven Chu will seek ways to improve ... Fri, 03 Jul 09 11:30:44 -0700 http://www.gold-speculator.com/showthread.php?t=7966 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/rb5uZGBhYBU/showthread.php London Gold Market Report from Adrian Ash BullionVault 09:20 EST, Fri 3 July Gold Ends Week 0.7% Lower, "Panic-Proof Protection" Advised as China's Dollar-Problem "Won't Go Away" THE PRICE OF GOLD recovered one-half of Thursday's drop in London on Friday, heading into the close 0.7% down for the week as world stock markets held flat after yesterday's sharp losses and government bonds ticked higher. The US Dollar was little altered, holding onto yesterday's 1.0% gain on the currency market. The Gold Price in all other major currencies was next-to-unchanged from last week's finish. "[Gold] is following the foreign exchange markets very closely," says MKS Finance, a division of the Swiss refining group, "remaining confined to the 920-950 range." "We will become bullish if Gold is able to take out 943 on a [daily] close," says Scotia Mocatta in its technical analysis. "[Support at] the 100-day moving average at 927.50 seems to be holding." Thursday saw t... Fri, 03 Jul 09 11:23:15 -0700 http://www.gold-speculator.com/showthread.php?t=7965 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/0NFusGCQ7E4/showthread.php The Washington Times reports, “U.S.’s Debtor Status Worsens Dramatically”, which I initially thought referred to a recent shopping trip made by my family, but which was not, as I deduced from the subhead “Foreigners hold 50 percent”, which wouldn’t make sense in a story where the central theme was the heartrending tale of “Man sits on curb crying his eyes out because a spendthrift wife and kids spend him into the poorhouse, whereupon he realizes in a flash of enlightenment that he will never get ahead, no matter how much he works, and he is re-evaluating his life and concluding, ‘What’s the freaking point, ya know what I mean?’” Instead of this pathetic human-interest story, the Times reports that they come to this ugly “U.S.’s Debtor Status Worsens Dramatically” conclusion because the Commerce Department reported that “At the end of 2008, America’s net international investment position was minus $3.47 trillion. That represents the difference between the value of U.S. assets owned by ... Fri, 03 Jul 09 10:59:07 -0700 http://www.gold-speculator.com/showthread.php?t=7964 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/V4c_17Chtk4/showthread.php Market Ticker - Karl Denninger... July 03, 2009 09:25 AM It doesn't seem possible that six months have passed under the bridge of time in 2009 yet, does it?  Yet they have. Let's take a look at the scorecard first from my 2009 Prediction Ticker, remembering of course that I have six months left! [*]The economy will not recover in 2009.  No sign of it yet, "green shooters" be damned.  I predicted that U3 would reach 8% by the end of the year, it has exceeded that wildly, and is now 9.5%.  U-6 also has exceeded my predicted value already. [*]Deflation, not inflation, will become evident well beyond housing.  Already has.  CPI and PPI have come in with negative prints as has capital goods pricing. [*]Housing prices will continue to decline.  Yep. [*]The Fed's attempt to "pump liquidity" will be shown to be an abject failure.  I'll leave this one on the table for now; I believe the evidence is in, but I'm in the minority.  Score this one... Fri, 03 Jul 09 10:44:46 -0700 http://www.gold-speculator.com/showthread.php?t=7963 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/PTQZdvzaXeM/showthread.php The following is automatically syndicated from Grandich's blog. You can view the original post here July 03, 2009 07:34 AM Please Note - I will be interviewed live on Korelin Radio tomorrow at 3:30PM DST. I also will be live on Blog talk radio Tuesday at 10AM DST. If memory serves me, today mark’s the beginning of the return to happier times. Wasn’t the “Don’t Worry, Be Happy” crowd on Wall Street wildly predicting a recovery starting in the second half of 09? Didn’t CNBC-TV tell us these (cup is always half-full) soothsayers saw green shoots turning into beautiful roses? So why not just kick back, fire up the old barbecue (which only has six payments left) invite the neighbors over (just remove the mortgage delinquent notices from your table), even those who have had to move to losing their jobs, homes, etc., and turn on the TV and watch your President tell you how wonderful things are going to be if you all just simply follow him (I understand he has a new teleprompter for the sec... Fri, 03 Jul 09 08:34:50 -0700 http://www.gold-speculator.com/showthread.php?t=7962 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/LvJf4RaCQxQ/showthread.php Rude Awakening July 03, 2009 12:55 AM Laguna Beach, California Eric Fry, waving a sparkler for economic liberty, reports… First and foremost, your editors here at the Rude Awakening would like to wish all Rude readers a very happy and safe Fourth of July. And we would also like to urge all readers to savor the various liberties – conventional or otherwise – that trace their birth to Independence Day, 1776. We are referring mostly to precious freedoms like hugging your kids, eating a fresh peach, smelling a newly mowed lawn, swaying in a porch swing while a hometown parade streams past or watching an entire 4th of July fireworks display without getting a single mosquito bite. But we are also referring to precious freedoms like grilling carcinogenic foods in environmentally unfriendly ways, consuming alcohol irresponsibly in your own backyard and/or conducting a bottle-rocket war at close range (and, preferably, lighting the bottle rockets with the red glow of cigarettes that dangle... Fri, 03 Jul 09 06:58:51 -0700 http://www.gold-speculator.com/showthread.php?t=7961 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/-l3gZhA7b-A/showthread.php View the original post at jsmineset.com... July 02, 2009 10:09 PM 126 Dollar Days to go Dear CIGAs, In this article some noted talking head says that Gold is taking its cue from the US dollar. I am sure he does not know the implications of his statement. Crude oil, nickel, the long bond market and most everything else does as well. Therefore the market is telling you that the dollar will be the currency event that triggers hyperinflation during dire US business conditions. Stuff this argument of inflation and deflation then make your opinion on the value of the currency by the name of gold. Wake up and listen to the market explaining to you what lies in the future. The future is within the next 126 days. DJ PRECIOUS METALS: Dollar, Pre-Holiday Squaring Hurt NY Gold Gains posted by the U.S. dollar combined with pre-holiday liquidation to send gold and other precious metals lower Thursday. August gold fell $10.30 to $931 an ounce on the Comex division of the New York Mer... Fri, 03 Jul 09 01:17:05 -0700 http://www.gold-speculator.com/showthread.php?t=7960 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/7C7QAqtmYmE/showthread.php Click here for the original post... July 02, 2009 01:05 PM Everything is working out just like we thought it would. The stock market is performing as expected. The economy is on track. Even the politicians are doing what they thought they would. Let’s begin with the stimulus/bailout/boondoggle/BS plan. As anticipated, it has failed. That is, the economy is getting worse, not better. It has failed the test set for it by its own creators. Back when the Obama Team was arguing for a big bailout bill, it warned that without a bailout, unemployment would rise above 8% in 2009. ‘Pass this bill today,’ said Ben Bernanke, or words to that effect, ‘or there may not be a tomorrow for the US economy.’ Congress dutifully bent its back to the task of adding boondoggles to the bill and then okayed the measure. And here we are, in the middle of 2009, and the unemployment rate is already at 9.4%. Even at the time, it was obvious that the hacks in the administration had no idea what was ... Thu, 02 Jul 09 22:33:04 -0700 http://www.gold-speculator.com/showthread.php?t=7959 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/P349qRygVIg/showthread.php In my last column, I joked that with public spending out of control and the piling on of the international bailout bill, economic collapse seems to be the goal of Congress. It is getting harder to joke about such a thing however, as the non-partisan General Accounting Office (GAO) has estimated that the administration’s health care plan would actually cost over a trillion dollars. This reality check may have given us a temporary reprieve on this particular disastrous policy, however an equally disastrous energy policy reared its ugly head on Capitol Hill last week. The Cap and Trade Bill HR 2454 was voted on last Friday. Proponents claim this bill will help the environment, but what it really does is put another nail in the economy’s coffin. The idea is to establish a national level of carbon dioxide emissions, and sell pollution permits to industry. HR 2454 also gives federal bureaucrats new power to regulate a wide variety of household appliances, such as light bulb... Thu, 02 Jul 09 20:14:33 -0700 http://www.gold-speculator.com/showthread.php?t=7957 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/Vv4kdec5_hc/showthread.php Sustainable Wealth - Axel Merk July 02, 2009 07:26 AM At today’s meeting the Governing Council of the European Central Bank (ECB) kept the interest rate on the main refinancing operations of the Eurosystem at 1.00%. In our assessment, ECB President Trichet appeared less at ease during the conference call that followed. This may well be a reflection of the realization that the economic recovery may take longer, require more action and such actions may cause as many problems as they solve. To put up a brave face, Trichet said the risks to the economic outlook are "balanced" – the codeword to suggest no major policy initiative to ease or tighten. Here are the positives mentioned: [LIST] [*]possibly stronger than anticipated effects from the stimulus measures taken, as well as [*]a potentially stronger than expected recovery in confidence. [/LIST]Compare that to the potential negative surprises: [LIST] [*]Concerns over a stronger or more protracted negative feedback loop be... Thu, 02 Jul 09 20:14:33 -0700 http://www.gold-speculator.com/showthread.php?t=7958 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/6TcmMUBqhLg/showthread.php The following is automatically syndicated from Grandich's blog. You can view the original post here July 02, 2009 05:57 PM We Want America Back! America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves. Abraham Lincoln grandich.agoracom.com... Thu, 02 Jul 09 19:21:36 -0700 http://www.gold-speculator.com/showthread.php?t=7956 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/ROqqjayDgbk/showthread.php The 5 min. Forecast July 02, 2009 02:42 PM by Addison Wiggin & Ian Mathias [LIST] [*]Bad signs for the economy’s two most important measures [*]Since it’s working so well already… Obama administration widens housing rescue plan [*]Bill Bonner on what the years ahead will most likely resemble [*]A 50-year chart that looks right into our future [*]China, IMF hit the dollar with a one-two punch [/LIST] We’ve said it before: This depression will be defined by two measures. Housing -- most people’s largest store of wealth and employment -- the backbone of any economy. Millions of people without jobs stuck in homes they can’t afford will not be able to “put the economy back on track,” as the current administration likes to say. This morning, we see big news on both fronts… and it’s not so good. First, as we forecast yesterday, the Labor Department issued a worse-than-expected jobs ... Thu, 02 Jul 09 15:49:50 -0700 http://www.gold-speculator.com/showthread.php?t=7955 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/wAXMAX8GLs4/showthread.php Rude Awakening July 02, 2009 05:22 AM Taipei, Taiwan [LIST] [*]Economists throw darts at random jobless predictions, [*]Spintronic-based memristors and other futuristic sounding gadgets, [*]Totally tubular birthday wishes for the Walkman and plenty more… [/LIST] Joel Bowman, reporting from Taipei, Taiwan… Happy birthday Walkman! That’s right, Rude groovers, Sony’s iconic Walkman device just celebrated its 30th birthday. Your editor, not yet as old as the revolutionizing gadget itself, still remembers the unbridled freedom of cruising down to the school bus stop with INXS pumping in his ears. We imagined the same feeling must be the primary motivation for grownups buying motorcycles. It had the power to immediately transform any schoolyard geek to a schoolyard geek…with a Walkman. For that alone the thing deserves repeated cheers. So, what better way to cut loose with some tubular birthday celebrations than to ask a teen of today to review the old s... Thu, 02 Jul 09 13:54:14 -0700 http://www.gold-speculator.com/showthread.php?t=7954 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/xWOH2fSdh9I/showthread.php Source: The Energy Report 07/02/2009 The Energy Report caught up with newsletter writer and analyst Lawrence Roulston, who recently launched the GreenTech Opportunities newsletter. In this exclusive interview with The Energy Report, Roulston gives us his thoughts on developments that are happening in the alternative energy field, and ideas for profiting in a changing world. The Energy Report: Lawrence, you have just returned from trips to Dubai, Hong Kong and Europe. What does the rest of the world think of the health of the U.S. and European economies? Lawrence Roulston: It is striking how different the outlooks are in different parts of the world. In North America, most people are totally focused on the U.S. economy, which is not looking that promising in the near term. Therefore, investors are quite gloomy. Europe is also not very upbeat. But, in Europe, they are more pragmatic and they tend to look a little further into the future. As a result, many European investors see thi... Thu, 02 Jul 09 13:24:46 -0700 http://www.gold-speculator.com/showthread.php?t=7953 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/pgH1ijgSDaU/showthread.php Notes from the Field Yesterday I wrote to you about Lithuania and all the great things it has to offer-- it's inexpensive, has second citizenship, a low flat tax, and beautiful women. These are all great reasons to visit from time to time (and obtain a passport if you are so fortunate), but today I want to tell you why you should not invest any money here, at least not for now. I don't trust Russia. Last winter in a dispute with Ukraine, Russia shut off the gas pipes and brought several European countries to their knees; the episode underscored how vulnerable Europe is to the whims of Putin, and Lithuania sits right on the fault line. In 2004, the country began talks to ascend into the European Union; as part of the talks, Lithuania agreed to decommission its Soviet-era nuclear power plant that supplies 80% of the country's electricity. The reactor is due to be shut off at the end of this year, and they have NOTHING to replace its capacity. The government assumes that they w... Thu, 02 Jul 09 13:22:41 -0700 http://www.gold-speculator.com/showthread.php?t=7952 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/mjEU8-lkujw/showthread.php View the original post at jsmineset.com... July 02, 2009 09:22 AM Dear CIGAs, Were it not for the fact that such serious sums of money are involved, it would be comical watching the happenings in our idiotic markets these days. Here we get the worst unemployment numbers (9.5%) since August 1983 (and that is just the official number, which is bogus), and traders flee stocks but for some odd reason rush into the “safety” of the US Dollar and that of Japan’s Yen, which as we all surely know by now is the strongest economy in the world at the current time! Nothing like the comfort of knowing that you are getting yields of less than 2% on your money to let you sleep well at night. Yeah, sure… I really do wonder what historians commenting on this period at some point in the future are going to write when they attempt to explain the madness in rational terms. All I know is that we will have lived through this and will be able to say the entire global investment community lost their collect... Thu, 02 Jul 09 12:25:06 -0700 http://www.gold-speculator.com/showthread.php?t=7950 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/U62qoyA4daw/showthread.php View the original post at jsmineset.com... July 02, 2009 08:46 AM Jim, The greatest monetary injection the world has ever seen receives "relax" admonishment to nervous bond investors.  The "don’t worry be happy crowd" never sees the downside, and only offers managed perceptions toward beer goggles expectations. Jim, I think it is time to shut down jsmineset.com because the 2009 countdown is clearly no longer necessary. What on the surface is excellent comedic reading will unfortunately turn into a tragedy for those without the independence to act contrary to the crowd. CIGA Eric Fed Douses Purchases Talk, Urges Investors to ‘Relax’ (Update1) June 25 (Bloomberg) — Federal Reserve officials, encouraged by signs the recession is easing, doused speculation they will pump more money into the economy to hold down interest rates, while indicating they’re not ready to begin a retreat. Fed policy makers voted yesterday to maintain the size and pace of their $1.75 trillio... Thu, 02 Jul 09 10:18:53 -0700 http://www.gold-speculator.com/showthread.php?t=7948 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/VgUbu80ky0g/showthread.php View the original post at jsmineset.com... July 02, 2009 08:17 AM Questions Of The Day: What did the BRICs discuss at their closed door conference that motivated them to turn down the US’s request to attend the meeting as observers only? What is the inherent message being broadcast by crude’s $40 rise from the low and nickel’s 50% increase in value? The answer to both is hyperinflation, not an economic event but rather a currency event. Jim Sinclair’s Commentary You need to know the facts: - June Jobs Loss Was 513,000 Net of  Concurrent Seasonal Factor Bias,  Likely Topped 700,000 with Birth-Death Machinations  - Payroll Employment Growth Overstatement  Could Top 2.5 Million per Year with  Birth-Death Modeling  - Annual Payroll Decline Deepened to 4.2%,  Equal to 1958 Trough and Near 1949 Trough  - SGS-Alternate Unemployment at 20.6% BY SUBSCRIPTION - [URL]http://www.shadowstats.com[/URL] Jim Sinclai... Thu, 02 Jul 09 10:18:53 -0700 http://www.gold-speculator.com/showthread.php?t=7949 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/w-BsNoL6IKE/showthread.php One of the headlines that I saw was that people are saving again, and are reportedly stocking away about 5% of their income, which I find astonishing and probably the biggest lie anyone ever told since I said those immortal words, “Kids? Sure! Let’s have some kids! I love kids!” For awhile, I thought that I was the only guy in the world who could not believe that people are somehow saving so much money, and I was going to use this fact as an excuse to go to a bar and get really plastered since I obviously have no idea what in the hell is going on. However, as I am heading towards the door, I see where Rob Parenteau of The Richebächer Letter writes, “Oddly, along with flat consumer spending, the gross personal saving rate has surged to nearly 7%, yet the unemployment rate has kept climbing. How is that combination possible? Specifically, where is the household sector getting the income growth to both increase saving and stabilize spending levels when job cuts remain alarmingly high?” ... Thu, 02 Jul 09 09:52:32 -0700 http://www.gold-speculator.com/showthread.php?t=7947 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/QO7-RznnXwQ/showthread.php The following is automatically syndicated from Grandich's blog. You can view the original post here July 02, 2009 07:39 AM In a country where its media can spend days nearly exclusively covering the death of a celebrity, its time once again for America to listen to a voice that actually foresaw this economic “Thriller”. Mr. David Walker may not “moon walk” but he’s been a financial prophet and a gift from God to those of us sensible enough to listen. As always, I urge you to send this video to everyone you care about as I believe its the most accurate fore3cast of what’s still to come. grandich.agoracom.com... Thu, 02 Jul 09 09:03:22 -0700 http://www.gold-speculator.com/showthread.php?t=7946 http://feedproxy.google.com/~r/gold-speculator/fejA/~3/smRYiFHsk6M/showthread.php In Today's Edition [LIST] [*]Precious metals rebound - GLD vaults lighten. [*]Dollar weakens - ADP report glum. [*]Crude slides - Inventory report surprises. [*]Base metals all gain - Good news on China manufacturing. [/LIST] But First a Word from our Sponsor BonTerra Resources Inc.(TSX-V: BTR) has executed a letter of intent and provided a notice to proceed with Seabridge Gold Inc. to acquire 100 per cent of Seabridge's interest in the Red Mountain property consisting of 47 claims totalling 17,125.2 hectares located near Stewart, B.C. Highlights of Seabridge's Red Mountain property include: -- High-grade deposit ( > 0.25 opt) of 400,000 ounces in the measured and indicated categories plus an additional 248,000 ounces in the inferred resource category; -- Approximately US$40 million spent by previous owners; Diamond drilling on the property has totaled 134,800 metres in 466 holes. In addition, 2,000 metres of underg... Thu, 02 Jul 09 08:12:34 -0700 http://www.gold-speculator.com/showthread.php?t=7945