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Some thoughts from McEwen on the debt crisis and it’s impact on gold. He’s still calling for $2000/oz by year end 2011, and $5000 3-4 years after that. See interview here.

Things are certainly getting interesting with Rubicon Minerals (RMX) after the markets closed tonite, Agnico-Eagle Mines announced at $70 million strategic investment in RMX, representing 9.2%. As noted on stockhouse this is a similar pattern to before Goldcorp took out Golden Eagle. I find it interesting that Agnico started with a 9.2% stake, if they [...]

The one interesting fact in the below article is that India and .china represented 57% of consumer global gold demand in Q1 this year. One has to wonder what it will be like when we get to a panic state. See full article here.

John Williams Interview Highlights (July 9 ,2011) $4-5 trillion deficit with all future liabilities included on a NPV the $4 trillion being discussed for cuts over 10 years is only a token gesture no will to control social programs taxes could be 100% and still not balance the books the government will be forced to [...]

Jim Sinclair is saying $1764 on gold is as significant as $524.90 in the sense that it could run after that point. $1764 will be a very critical milestone in his mind and will start the run to as high as $12,000. He noted that at the $1764 price more supply should come into the [...]

Armstrong has a new report out on his targets for gold. His maximum resistance target for the end of August is $2550. He’s not saying it will go there, just that that is the max price we could get and still be in what he defines as a Normal trading cycle. The more likely resistance [...]

It seems Christmas in the UK may not be rosy at all. Many retailers are having problems with little cash to finance Christmas stock for stores due to suppliers cutting lines of credit. I consider the UK a foreshadowing of what is to come to the US. One has to wonder what US retailers conditions [...]

Minera Andes AgM Update (July 11th, 2011) I arrived at 1 King about 15 minutes before the AGMAmesame room as was used for the Lexam VG Gold AGM. Got to the bottom of the elevators at the same time as some other shareholders as well as Rob. The doors opened at which point Rob said, [...]

Gerald Celente Update – Alarmist or Alarm Clock (July 7th, 2011) The state in North Africa is the same in the US no one is talking about the $14 trillion wealth transfer effect anymore, very difficult times coming divide between rich and poor is getting wider Obama is setting himself up for the class warfare [...]

James Dines Update (July 8th, 2011) He notes the US borrows $40 for every $100 they spend, China loans it and buys real things. WRT the debt ceiling, be believes the US will pay the military and interest and let the rest wait. Dines notes China is buy vast tracks of African farmland, not for [...]