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Find attached a great article from Casey Research highlighting how several countries are starting to drop US dollars for trade. One has to wonder what event will trigger Saudi Arabia to go it alone and take its chances with its own protection, in exchange for flexibility in the currencies it accepts… See article here.

Jim Rickards Highlights (May 14th, 2011) Jim doesn’t see anything significant happening July 1 after QE2 ends, he notes Bill Gross is out of bonds but needed time to get out says Gross may not make much in the next couple years but could hit a home run in 2013 and make 25% to give [...]

Dan Norcini Highlights (May 14th, 2011) lots of volatility as hedge funds move in and out. see’s volatility continuing until we get clarity on QE’s future. XAU and HUI were in danger of violating their lows for the year, but have at least found buying Would like to see XAU stay over 200 HUI could [...]

Here is an interesting piece out of Europe which believes we are headed for a “Very Serious Breakdown of the world economic, financial and monetary system” in the fall of 2011.  This is certainly possible but I think this mess will be dodged for a bit longer than this.  I take Martin Armstrong’s timeline that [...]

Gold It was definitely a wild ride for gold and silver today. Gold started the day around $1550 and I personally would have been content with that price given the recent run up, a pause would have been a healthy thing. But just before noon gold took to touch $1575, something I don’t think anyone [...]

Dan Norcini Highlights (Apr 30th, 2011) Gold and Silver Bernanke comments seemed to give the go ahead for the dollar speculators push the dollar down, nothing he said implied the Fed will support the US dollar see’s the gold run since Bernanke’s comments as orderly. believes there was some unwinding on gold/silver trades and moved [...]

Gold It was a very impressive day for gold, closing at yet a new all time high of $1563 up $32.20 on the day. The Dec 2016 contract finished at $1808.10 up a similar magnitude of $26.60. The jump today reminds me of comments by John Embry that has expected significant volatility where we’ll see [...]

James Turk Update on Bernanke (Apr 28th, 2011) Turk points out that the Fed seems to acknowledge higher commodity prices and rising inflation but then go on to say the inflation trend is subdued and stable. They then refer to keeping the low interest rate policy which seems to clash with inflationary pressures. He goes [...]

James Turk update (Apr 20th) dollar chart looking terrible probing Nov 2009 lows, that was when the Greek crisis started, no one is going to the US dollar as a safe haven this time “we live on the edge of chaos”, it would only take one grain of sand, ie news item to cause a [...]

Gold Gold had a great day today, currently at $1474 up $19 and just a $1 below the $1475 high set just last week. The Dec 2016 contracts also moved up proportionally to $1733.8. I was a bit surprised it has moved back up to this level so fast and was expecting it to take [...]