Actually it was only green stock that I have, all other were red, so my point here is that some very good news are coming next week, if they hit Big they can fly, of course IMHO. I see then PEM at all time high. Also Gold and Silver are going in right direction, so Gold, Silver and G&S stocks are very good choice for current environment. And that means that currently Banks are again in big trouble, specially 3 Banks BofA, UniCredit and SocGen, for me they are all insolvent, if trouth will come out this fall we will see. And today maybe we will have Big drop in banking sector, specially with those 3 trouble Banks:

http://www.zerohedge.com/news/massive-wave-lawsuits-be-filed-us-against-americas-biggest-banks-soon-tomorrow

In a move that could either send BAC stock limit down overnight or send it soaring (we are still trying to figure out just what is going on here), the NYT has broken major news that the US is preparing to go nuclear on more than a dozen big banks among which Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, in an attempt for Fannie and Freddie to recoup $30 billion if not much more. The lawsuit is expected to hit the docket in the next few days: "The suits stem from subpoenas the finance agency issued to banks a year ago. If the case is not filed Friday, they said, it will come Tuesday, shortly before a deadline expires for the housing agency to file claims." Now, taken at face value, this would mean that Bank of America can kiss its ass goodbye as unlike the Walnut Place litigation, this will take place in Federal Court where Article 77 is not applicable. Yet there is something that gives us pause: namely logic, captured by the following words: "While I believe that F.H.F.A. is acting responsibly in its role as conservator, I am afraid that we risk pushing these guys off of a cliff and we’re going to have to bail out the banks again,” said Tim Rood, who worked at Fannie Mae until 2006 and is now a partner at the Collingwood Group, which advises banks and servicers on housing-related issues." In other words: if the banks are sued, and if justice prevails, the end of the world is nigh and cue TARP 2 - XXX. Now where have we heard that argument over, and over, and over before.

It seems to me that there is no releif rally this september, that means that Gold, Silver and G&S stocks are only good investments for current situation until QE3 but I also don't know how Greece and those trouble Banks will resolve their problems. Certainly this could be very important time that is coming, I hope for the best and be protected with Gold. As for Dollar I am not sure, also Yen and CHF are again flying but you never know with fiat currencies.

GLTA