Gold closes at $1005 an oz. - Incredible

You might have noticed that gold set a record weekly closing price on Friday at $1,005 per ounce, and silver closed at $16.70. There should be some profit-taking in the next two weeks, so be ready to buy on the dips. If you are of the mindset that it's crazy to buy gold at prices this "high", be sure to watch the video at the following link if you haven't already.


"US is on the slippery slope to economic collapse"
Treasury sees millions more foreclosures - Millions more people won't be able to hold out much longer and will default on their loans, leaving the banks to foot the bill, and a lot of banks won't survive this round.

Government Paid Dealers $1.2 Billion for "Clunkers" - No, the TAXPAYERS bought the clunkers, not the government.

NYC's Tavern on the Green Files for Chapter 11 Bankruptcy - I guess no one really needs a $25 club sandwich any more.

Trade, Jobless Claims Figures Show Recession Fading -- READ between the lines! What are they really saying with this headline? A: We are still in a recession. B: Trade is down and more people lost jobs, but fewer than last month. -- They never stop trying to outsmart the US public. They have to report what happened in the most positive light. It's all in the marketing.

Money Market Fund Guarantee Program to End - The banks are recognizing that they can no longer keep their promises to their customers. Red flag, much?

Proctor & Gamble Sees Sales Starting to Rise Again in 2Q - If you look at this list of Procter and Gamble Products, you'll see that there's no explanation on why their sales would increase other than the fact that people are stocking up for an economic collapse. Suddenly people need more detergent, deodorant and shampoo?

Seed Company Monsanto Plans to Double Staff Cuts - Here's the way you need to interpret this one. Although survivalists are buying a lot more seeds (>1% of the population), farms that actually grow food for the average consumer are going under because they can't get credit from the banks. If you'll remember, the US Dept. of Agriculture reported that there will be multiple millions of acres of land that won't be planted this year, that historically has been. The end result is that the largest seed supplier in the US is laying off workers. Does this hint at a decrease in food availability in our future? And does that mean that food prices will climb due to lack of availability? Take advantage of this situation and order seeds from this company. You'll need your own garden eventually anyway.