5:12AM PDST GOOD MORNING GOLD BUGS!

TODAY'S REPORTS: Jobless claims Trade balance Import price index Federal budget Gold makes new low overnight at 742. This is simply forced selling by those who have to sell their only remaining assets to meet margin calls, shorts running stops, panic sellers, etc. In other words, it's everything that happens when the momentum gets moving strongly in one direction which is exactly what the manipulators wanted to create. After all, markets are populated by lemmings nowadays rather than "investors". We have turned what remains of our economic system into a CASINO that flops around on the slightest rumor. It used to be that the financial reporters would look for the REASON OF THE DAY to explain the markets' movement. Now they search for the REASON OF THE MINUTE! My main thought recently, very important to keep in mind... is that DEBT DOES NOT DISAPPEAR! Once the debt is created...no matter how much you move the "hot potato" around and attempt to hide it in increasingly obscure balance sheet accounts... IT'S STILL THERE WAITING TO BE REALIZED BY THE FINAL HOLDER. All we are doing with it is MONETIZING IT (printing more funny money to pay it off) and moving the debt into EVERYONE'S POCKET through INFLATION. NOTHING IS BEING FIXED AT ALL! IT IS ONLY BEING MADE WORSE AND HURTING MORE PEOPLE BY NOT HAVING THE GUTS TO PAY IT OFF AS MORAL PEOPLE WOULD DO! Instead, we are passing it on to our children's children, spreading it around the world, and further weakening the TRUST that keeps an economic system strong.