Economics and Investing:

Short sales and foreclosures made up 52 percent of all recent Southern California home sales

Kurt T. suggested this over at Zero Hedge: Guest Post: Caution – Falling Currencies

How many times do I have to mention that there is no proper substitute for taking physical delivery of your precious metals purchases? Here is the latest horror story: Secret Service Raids Upstate Business Atlantic Bullion And Coin Inc. Accused In Alleged Ponzi Scheme. (Thanks to A.L.H. for the link.)

Items from The Economatrix:

Gold “Vulnerable” As US Treasury Bond Market Sell-off Worsens

Europe’s Economic Crisis:  Portugal, Ireland, Spain, Italy, and Belgium Following Greece

Retail Sales Suggest Consumers Shrugging Off Gas Prices

You Can’t Beat Silver As An Investment