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June 17, 2011 / Hal (GT)

Wait for it….


It’s been an interesting day for gold and silver. Gold has done well and right now is setting at $1,538.30 after breaking through to are $15,42.00. Silver has been wanting above $36 all day but someone is slapping it back. Right now it’s back up at $35.84.

We’ll see come end of the day what transpires.

Here’s the links of the day.

Commodity Watch: Gold Getting Attractive Again, But Not Silver <- Did I miss something? When was gold not attractive?

Record number of affluent paid no income tax <- found this item via Peter Grandich, and he points out this is one reason for a flat tax. True. It’s also one reason that we could as a country be in for some class warfare. Not something I like to think about, but when I continue to see news items with groups of people brawling in fast food stores, in lines waiting to get into sales and other venues or after sports loses, I start to worry. Not to mention the fact that the other day I heard about a city council woman complaining about crime levels in her city as being a result of having less affluent citizens, well, the stew is cooking in the pressure cooker.

Jim Sinclair has an answer to an eMail that I found worth reading, titled, Thin Red Line Between Order and Chaos.

Forget “Blood Diamonds”, Here Comes “Conflict Gold” <- My first thought here is that it smacks of market and producer manipulation. Wars are almost always fought over currency of some type and have to be financed through some means. Tyler makes note of this. Of course gold is gold and there are plenty of ways to move it and melt it down, unlike a dollar. One thing is for certain. It is a sign of how much gold is growing in importance for the global economy.

Found this interesting story via Ed Steer’s Gold and Silver DailyVietnam is world’s 2nd largest gold hoarder.

Gold As Collateral <- Worth a read.

Goldman, JP Morgan Have Now Become A Commodity Cartel As They Slowly Recreate De Beers’ Diamond Monopoly

The Fed Wages Its War On Gold On Behalf Of Fraudulent Paper Money <- One real. One not.

China Wants To Construct A 50 Square Mile Self-Sustaining City South Of Boise, Idaho






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