All:

Just wanted to provide an update about what's selling. Ironically, book prices about deflation are through the roof. Smells like what's happening in Treasuries. This condition cannot last - if they are right, deflation will cause them to contract because of the effect of deflation on nearly all consummables. If they are incorrect, they will drop when people realize the deflationists were wrong, and the supply gets dumped on the market. The demand would also drop. But here are the facts:

1. Gary Shilling's book on deflation, which was available in large quantities below $4, is now over $50 for paperback, and the hardcover has been selling for over $150. I've capped the price rise by putting out copies for sale, since it cannot last.

2. The reprinted 1940 edition of Security Analysis, the classic for Depression-era analysis, went out of print. Normally, this is a $30-$35 book, and I sold my personal copy for $70. I will repurchase when the title goes back into print.

3. Warren Brussee's book, The Second Great Depression, soared in price while people were waiting for the new hardcover to come out. People have been paying $100+ for this title during this period. I sold my copy recently for a nice premium as well.

4. Copies of Mining Explained are selling VERY well. Normally, I sell 1-2 per week at most - now, I am banging out 1-2 per day. Mining sector is being discovered by investors, whether the Powers That Be like it, or not.

Oil seems to be bottoming, gold keeps trying to retest the fortress at $830. The trendlines are clear. The psychology is now in place. The stage is now set.