Hi all,

Below is a snippet out of Casey's Daily dispatch. I am not going to bost that this is further proof to big money coming in to move UC specifically but it is just another indicator that we are getting closer to the point where the mid caps then the small caps and then the Jr's in the pm sector will see a rush of interest. It is at that point that UC could see the pop we ar eall waiting for.

Deno G.

Story #1 – Big Money Moving into Gold.

Headline: Gold Rising as Euro Weakens Spurs More Speculation

Snippet: Buying accelerated as the MSCI World Index of 23 developed nations’ stocks tumbled as much as 16 percent since mid-April and the euro weakened to a four-year low against the dollar. Holders of ETPs, including George Soros and John Paulson, accumulated a record 1,938 tons by May 21, eclipsing all but four of the biggest central-bank holdings. Full story here.

Comment: As mentioned in a recent Dispatch, during my recent visit to the trading floor of a major financial institution, I was told that many traders were “all in” on gold. For those of you not poker players, that term refers to believing so strongly in a hand that you’re willing to bet all of your chips on it.

Just a few months back, Bloomberg (among others) was running derisive articles about John Paulson’s new gold fund, labeling it a folly. That’s in sharp contrast to the Bloomberg article above, which is pro-gold from top to bottom. This sort of meme will be foundational in causing big and small investors alike to wrap their heads around the idea that, yes, gold can return to its former inflation-adjusted high of $2,266. And it can do so even in the absence of the roaring price inflation that we expect down the road.

Despite attempts by the lame-stream media to dismiss gold’s value as little more than a barbaric lust for things shiny, gold is money. Always has been and likely always will be. Though we have mentioned the reasons for gold’s unique monetary properties on numerous occasions, they bear repeating. And so I will, quoting my dear friend and business partner, Doug Casey…

…[gold] has intrinsic value (it’s valuable in many uses), it’s convenient (houses are not easily portable), it’s divisible (the Mona Lisa isn’t), it’s durable (wheat rots), and it’s consistent (diamonds have different grades that are not always easy to see).

Doug Casey - The Coming Currency Crisis, International Speculator, June 2006

As the gold bull continues to charge forward and the talking heads roll their eyes and wave their hands at how overvalued gold has become, you may find it helpful to compare gold’s monetary characteristics to the “competition” for your money, starting with the unbacked fiat currencies the world’s governments want you to have full faith in.