Tuesday, September 7, 2010


I left for the weekend on vacation without telling anyone. I thought I'd have an opportunity to for internet access when I arrived on the Minnesota Tundra, but was denied...until now. Talk about being in the dark.

I will try and post up late today once I get organized here.

Gold and Silver have held their ground over the long weekend. Both benefiting from another round of American financial media induced fears about the European banks. Maybe these sources of misinformation should peer a little closer at the banks in their own back yard?

Right on cue the Dollar gets an undeserved bid, but Gold and Silver thumb their noses at it.

Begin to keep a watchful eye on the Gold/Silver ratio here and moving forward. 62 on this ratio has proved to be a strong resistance area for Silver. As we near the 2008 Spring high in Silver at 21, the bad boys of the destitute CRIMEX will make every effort to silence Silver.

A couple of essays that might be of interest are below:

Cause and Effect
By Howard S. Katz
Fanaticism has been defined as the policy of repeating the same actions while expecting a different result. If that is the case, then we live in a society of fanatics, and it is absolutely essential to know this if one is to succeed in the financial markets.

In mid-September 2008, the New York Times began to scream, in a series of big headlines, that the nation was in a financial crisis. I have studied the American media, and it is absolutely amazing. The overwhelming majority of newspapers will pick up a line of propaganda from the Times and repeat it mindlessly ad infinitum. After 2 weeks of Times propaganda the nation’s media had fallen in line, and in 10 days in early October the DJI fell by 3000 points (as the public read a large number of bearish articles about the financial system).


Reality Economics
By: Llewellyn H. Rockwell, Jr.
As a culture, we like our reality on television, but seem to oppose it in economics.

For more than two years now, and even longer depending on your dating scheme, the federal government has waged war on the reality of the incredible Fed-fueled bubble that developed in housing with spillover effects on the rest of economic life.

That bubble had to explode to restore some sanity to the economic environment. There is no getting around that. The policies were all about trying to paper over what we did not want to deal with as facts. But the facts won't go away.

Do we have to make a television show to get Washington to see it?

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