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August 1, 2011 / Hal (GT)

Debt Deal struck? Yet nobody likes it.

That’s probably because they didn’t include a Facebook “Like” button right? I wonder what the result would be if we could “Unlike” it?

Right now though it looks like gold’s spot price is doing the unlike clicking with a spot price coming in at $1,631.00 as I sit here in Panera and look at the widget on my laptop. And listen, if you want to help support me, click on that link and download that widget and use the mobile link for checking those spot prices on your smart phone:

That’s a pretty significant voice from gold considering where it was early this morn during Asian trading.

I wasn’t going to post anything today as I’m trying to do some other tasks but it’s hard to pass on some great info like this:

Bayonets and Gold <- I consider this a must read today.

OK, We Have A Debt-Limit Deal. Now What? <- good read too. Gold only can go up with this deal.

‘Drop in the Ocean’ Cuts Mean 2-Notch Downgrade: Strategist <- that’s because the ocean of debt is increasing and not decreasing.

GE CEO Jeffrey Immelt, The Head Of Obama’s Jobs Council, Is Moving Jobs And Economic Infrastructure To China At A Blistering Pace <- ht to Laura Gross for this link and the next one too.

Weekend Top Story: India May gold sales up massive 161% yoy – gold rush continuing <- read, hunger hunger and more hunger for physical gold.

US Debt Limit and Debt Versus Gold in US Dollars <- graph and cartoon worth seeing.

Who Owns US Treasury Debt? <- a pie chart of scare?

Okay. I think that’s all I’m going to be able to share today. Of course things change so stay tuned.


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