August 12, 2010; Thursday, 9 am

Ali’s News of Silver, Gold and the Economy- #11

Wednesday’s spot price chart at Kitco (See it here if you’re interested)
http://www.kitco.com/charts/livesilver.html#ny indicates that the manipulators are playing with what amounts to $.50.

But since they’re playing on a moment to moment basis with millions if not billions of dollars, this relatively minor fluctuation is a big deal to them. To the individual ‘safe haven’ buyer it means relatively nothing. That is because we’re ‘savers’, not players. We’re in it for the long haul and for the intrinsic value of the precious metal we store. We’re aware of the fact that although corruption may never end in our lifetime, it stands no real chance against the forces of nature – Gold and Silver WILL rise to their true values vis-à-vis the ever-devaluating dollar, and the people who had the good sense to get out while they still had something intact will preserve themselves, God willing. I believe that someday we’ll be smiling and saying to each other. “Good God! Can you remember when we bought this stuff at les than $20 an ounce?” And as for the speculators? Some will and some won’t! It’s the nature of gambling to never be certain.

Here’s an article from Barron’s called ‘The Golden Mean’. It’s worth a glance if you have a moment. http://webreprints.djreprints.com/2467711363988.pdf
“The financial model of the nation-state depends on deficit finance to fund promises and the market is starting to say it is unsustainable.” ~ John Hathaway

Dave in Denver says in The Golden Truth: http://truthingold.blogspot.com/
"Contradictions do not exist. Whenever you think that you are facing a contradiction, check your premises. You will find that one of them is wrong" (John Galt, "Atlas Shrugged"). http://truthingold.blogspot.com/2010/08/us-is-in-deep-trouble.html

Before it’s News scores again with this short and concise article:
The Two-Front War on Gold - http://beforeitsnews.com/story/133/964/The_Two-Front_War_on_Gold.html

Today (Thursday) might be an interesting day to watch Gold, according to this article given to us by ‘Before it’s News’: http://beforeitsnews.com/story/134/826/Why_You_Should_Buy_Gold_Right_Now.html Not quit sure what it means but I’m sure to find out.

And in the end, I leave you with yet another pithy quote from God only knows where but it makes sense:
“The danger to America is not Barack Obama, but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails Amer-ica. Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama... who is, after all, merely a fool. It is less likely to survive a multitude of fools such as those who made him their president.” - Author unknown

I’m recommending my new SilverNews BlogSpot now as it’s pretty well updated and lookin’ gooood!! http://surrenderworks.blogspot.com/
From there it’s easy to peruse my top five sources and more for your own gleanings.

That’s it for now.
w/love
ali