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July 7, 2010 / Hal (GT)

Tracking gold from US to China.


Well, have you been tracking gold this week in real time with the free app, ExactPrice? Right now the yellow metal is back over $1,200 by a smidge at $1,202.40.

I had a large number of items  to link to today but my computer decided to be uncooperative for half the day.

So I am going to pass on what I think are three of the most pressing items.

First off: China Says It Won’t Use U.S. Debt as Threat

Doesn’t that just make you feel all warm and happy inside. Here’s my take. China is sending the Admin and the Fed a big ol’ warning that basically amounts to, “Yeah, your debt is a weapon and we’re holding it. So play nice with us.”

As to their claim not to want gold…. Right. Hey I’ve a bridge I’d like to sell you.

Second is a must read from Jim Sinclair: IMF Gold Swaps Misrepresented

And the third item is loaded with stuff that you should read from Casey Research: Why Have the Jobs Gone Away?

If you get to looking to protect yourself by buying some gold coin, give Lear Capital click.

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