Economics and Investing:

Wow! Take a look at the latest market tickers for spot silver and spot gold. We might soon witness some profit-taking that could temporarily drive silver back to the $12 per ounce range. But consider that a buying opportunity. The next leg up will probably be in November, when The Chartist Gnome predicts silver over $18 per ounce and gold over $1,070. For those that already have bought metals: Do not attempt to “time” such a volatile market. Just hang on, and as the Gnome says, “Be ready for a roller coaster.”

Items from The Economatrix:

The Ghost Fleet of the Recession (Also suggested by several other SurvivalBlog readers.)

Airline Trade Group Predicts 2009 Loss of $11 Billion

Gold Falls as Speculative Holdings Reach Record, Dollar Climbs

Gold Investors Warned to Liquidate After Buying Frenzy

Moodys: UK Banks to Post $215 Billion in New Losses

Darryl Schoon: Greenback Gases, Gold and the Coming Shift