Markets rise, markets fall. (As Warren says, "If you can't stand a 50% drop in any market you you should find other endeavours!")

"If ifs and buts were pots and pans we'd all be tinkers!" ANON

Following is an insightful quote from Richard Russell, the dean of investment newsletter writers. Though it was penned by Russell nearly ten years ago, the wisdom it contains is timeless: “One thing is certain in my mind; the central banks do not want to see gold higher, in fact they would love to wipe gold off the face of the earth? Why? Because gold is real money and they cannot control it. They can't bankrupt it. They can knock it down temporarily, but it's still there. A paper currency can be destroyed but gold can't be destroyed. So all the banks can do is to try and keep gold from rising in terms of paper contracts.”

It’s really very simple. Fiat currency is a scheme perpetrated by central banks. To make their scheme work, they intervene in the gold market to manipulate the gold price. By doing so they try to make their fiat currency look better.

Thus, it’s not gold that is the barbarous relic. The barbarous relic is central banking.

by James Turk

Their "game" has to end. The US is "drowning" in debt fueled by an ever increasing supply of "paper!" (Some claim $US are not even a replacement for Eaton's catalogues once a mainstay in outdoor "biffys") How long will their "suckers," lined up 3 deep around the Globe, be duped into financing this "air-ball?"

The Gold/Oil ratio languishes in the 7.5 range. Its historic average somewhere between 15 and 17. Its alltime high set Jan 21st 1980 at 21. (Coincidently the day Gold peaked during the last "great Bull!") The question re the extremely low ratio is simple - WHY? It couldn't be manipulation, after all markets are "free!"

This Bull hasn't even reached the 7th inning stretch. (Jimmy Rogers)

Days like today will soon be no more than a "dip" in the graph of this ever charging "Bull!"

We haven't caught the "big" one yet! (Its seeking our "bait" as we "speak" with world class olefactry glands!)

"It's coming, a sure as God made little green apples!" (And as sure as the US will continue to envelop the financial world with worthless paper, soon to be replaced by "real money!")

Paper is the issue here, not "real money," ie, Gold!

All they (central banks and govt beaurocrats) can do is "huff and puff. " They can't blow it over! (Gold that is!)

There are three reasons why "they" are destined to fail. " One, they do't have the capital!" The other two don't matter a damn!

No need to "rush the monkey," its going to be a great show!

RUF