Most of you have noticed the recent price action in silver and gold. Typically, the precious metals go through “Summer Doldrums” each year, with light trading and moderated prices. But not this year! One can only ask: if the market this strong in August, then how will it be in November, as the US Dollar Index (USDI) continues to slide? I hope that you took my advice and bought silver when it was recently under $12.50 per ounce. In my estimation even at $14.50 per ounce, silver is still a bargain. As I’ve often written, buy on the dips.
BusinessWeek says huge wave of corporate Bankruptcies coming. (Thanks to GG for the link.)
Rich suggest this: How Safe is My FDIC-Insured Bank Account?
While our politics are disparate, I’m only rarely disappointed by the analysis and commentary presented by Charles Hugh Smith’s Of Two Minds blog. Here is a recent post: “The Royal Scam” by Anonymous Correspondent
Items from The Economatrix:
Postal Service Considers Closings, Consolidations
Tax Revenues Post Biggest Drop Since The Great Depression
Mainstream Media Economic Recovery Propaganda, False Profits and Some Surprises
Do Not Be Fooled: Another Major Economic Collapse Could Be Coming Sooner than Many Think
Prolonged Aid to Unemployed to Run Out By Year’s End
Alabama’s Jefferson County Makes Massive Job Cuts Lays off 2/3s of 3,600 employees because of plummeting revenues.