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Dollar Goes Down Along with Bailout Plan

Nice work as usual Kathy! What I find interesting is how cheap Silver is despite the lack of physical product in the market place. I tried to buy bullion from 3 major mints and was turned back by the 6-8 week delivery period. During the March madness surrounding the BearStearns collapse, silver shot up to the 20's. Supply was not an issue then, I'm shocked that we're hanging in the low teens and not pushing $18-$20/oz on the heels of 3 major bank failures (Lehman, Wachovia, and WaMu). It's almost like some other pressure is constraining the price.

Global Stock Markets: The Deleveraging Process Continues

It's time we all question the basic assumptions again. The bailout, taking shape under whatever guise, will NOT work. It will serve the one purpose for which it was intended, the rescue of the Federal Reserve System. If you actually think that is worth raising the tax burden on every American, their children, and their children's children, THINK AGAIN. We actually have a chance to cut the chains of bondage from the Fed, get back onto a system of real money (gold standard). It will be hard for a while, but companies fail all the time. Banks are no different. Don't believe the lie, there is no such thing as too big to fail (part of the fear-mongering). A bailout will make us all tax slaves forever, we will suffer a period of deflation as they unwind their self-created bubble, then they will turn on the cash printing press and hyperinflation will follow, and the plan still might not work and could plunge us into war with creditor nations! Call Congress and tell them:

NO DEAL, NO WAY, NO HOW

Law of Supply & Demand Is Dead for Gold & Silver

THE PSYCHOLOGY OF A CASHLESS SOCIETY:

I think the reason we have not seen more bank runs lies in a current phenomena which couldn't have existed during the Great Depression. Most people, myself included, don't typically carry cash like days past. Our society, for better or worse, has grown accustomed to direct deposit, automated bill payments, and direct access to our checking accounts through debit cards. As our banks reel in the storm of massive de-leveraging, I can't help but think that our apparent lack of concern for our cash is a direct result of our disconnection from even the paper cash. It seems to have lost even the fiat value represented by the paper, displaced largely by the electrons actually exchanged in the system each day. Just my two cents.

Gold Technicals: Will We See a Correction or $1,080?

Well I cashed out at 910. I based my opinion on the leveling out I saw in the $INDU:$GOLD ratio. It seemed that people think stocks are a value play at these numbers and the downside risk is relatively low compared to gold. Just gamblin'.

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