Wednesday, August 13, 2008

5:10AM PDST

After a quick review of the markets... Dollar is at .7645 after rallying from .7602 up to .7663... quite a range and reeks of PPT-Central Bank intervention. Euro is simply still moving down without any significant rally, and is dis-engaged from gold at present if you look at their charts side by side. Dow, even with all its recent convulsions, is DOWN and will STAY DOWN... unless hyper inflation eventually makes it rise to the heavens as investors use their worthless paper dollars to buy stocks, which will have the same value as the dollars they just traded it for it. Bonds are in the 116s Oil is still staying near its recent lows...presently at 113.35 This morning reports will move the market, simply because the market makers WANT to move it to trade it... How much lower they can suppress gold is from here is questionable, even with the manipulation of the dollar and other markets... The World's troubles scream for physical ownership of gold right now! Gold will react to the upside, when the World's peoples come to the same conclusion due to some FINAL precipitating event, unknown at this time... Something BIGGER than the Russia/Georgia event (initiated by the U.S.!) George W. Bush will not leave office quietly! Have you ever seen him not find one more area of the World in which to cause death and destruction?

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