Jul 3 Crisis Memo to ICMA Charles Savoie
Most of you will outsmart yourselves and disregard this counsel. There may be little time remaining before prices see a jolting sustained shift higher. The entire financial panorama is a pus-filled sore
ready to break open. An attack on Iran is a primary factor. Why not take refuge in a safe haven, profoundly substantiated by history? For those who act on this advice, please contact any silver or gold investing website early next year and advise our community of your pleasant success.

Jul 3 The Next Major Obstacle Mary Anne & Pamela Aden
It’s still to be seen how this will end. But so far, this inflation rise is coinciding almost perfectly with the 200 year commodity cycle we’ve often shown. If this continues, and we believe that it will, then there’s a lot more inflation to come in the years ahead. What’s currently happening also strongly favors the outlook for gold and the other commodities. It’s going to boost demand for gold as a safe haven during inflationary times and these ongoing developments are telling us to stay with our gold and precious metals positions. In fact, gold’s been telling us this all along. Now we’re starting to see why.

Jul 3 International Forecaster July 2008 (#1) Bob Chapman
We are seeing the beginning of a new stage in the credit crisis. Companies do not have cash, they were too busy buying their stock back with cash flow and loans so executives could cash in their option gains, and banks won’t give most of them any more loans. This is the beginning of a second era in the credit crisis.

Jul 3 More Bats and a Bigger Budget Richard Daughty
Many Junior Mogambo Rangers (JMRs) were correctly upset at the Washington Post story that bore the headline "Paulson To Urge New Fed Powers". The poop is (and you will soon see why I use that particular noun) that Treasury Secretary Henry Paulson is calling "for the Federal Reserve to be given new, explicit powers to intervene in the workings of Wall Street firms."

Jul 3 The Federal Reserve and Central Bank Gold Sales Douglas V. Gnazzo
Since 1913, the U.S. dollar bill has lost 95% of its purchasing power due to excessive money and credit creation by the Federal Reserve. This loss of purchasing power is a loss of wealth; it is the reason why the U.S. has gone from being the largest creditor nation on earth to the largest debtor nation on earth. This is the reason why it now takes two working incomes to support most families - one is no longer enough. This is why the U.S. savings rate is at historical lows. This is why health care, insurance, and college tuition bills have gone through the roof. This is why the price of oil is so high. And on and on the list continues - like a recurring nightmare.

Jul 2 The New Era Ted Butler & Israel Friedman
In 20 years, because we consume silver but accumulate gold mine production, there will be, for sure, five to ten times as much gold as silver. I honestly believe that silver must eventually sell for five to ten times what the price of gold may be. It will be many hundreds of dollars an ounce or more. Gold costs more than 50 times the price of silver today. The difference between where the price is today, versus where it should be, and where it will be in twenty years would shock you. If you were to ask me how and why silver could be so under-priced compared to gold, I would tell you to read Mr. Butler’s explanation of price manipulation. It is the only thing that makes sense to me. We may be in confusing times, but that doesn’t mean we have to be confused about everything

Jul 2 Big Moves Ahead -- Big Moves Franklin Sanders
Suspense has ended in the silver and gold markets. The GOLD PRICE rose 16.30 today, smashing through the old US$928 high to close at US$942.50. The SILVER PRICE jumped a massive 78 cents to close at $18.20, just four cents below its old high. What meaneth this fury? That silver and gold prices have proven, most dramatically and unarguably, that their correction has ended and they have launched a new rally.

Jul 2 Not Your Grandma's Depression Jim Kunstler
What's happening is that American society is sliding into a greater depression than the one Grandma lived through. On the technical side, there has been unending controversy as to whether we're gripped by inflation or deflation. It's certainly deceptive. Food and gasoline prices are rising faster than the rivers of Iowa. But the prices of assets, like houses, stocks, jet-skis, GMC Yukons and pre-owned Hummel figurines are cratering as America turns into Yard Sale Nation.

Jul 2 Deflationary Hurricanes to Hit U.S. and U.K. Mike Shedlock
The madness of crowds, however, can only go so far. A significant reversal is now underway. The secular peak in consumption has been reached. A reversal in attitudes towards consumption started with houses, but it’s spreading to cars, boats, and even Starbucks coffee. It will take a long time for attitudes to get back to equilibrium. And attitudes, like pendulums, will not stop at equilibrium once they get there.

Jul 2 Funding the Bacchanalian Excess Richard Daughty
Gold, silver and oil. That is all that one can say when asked about investing in such a crazy world: gold, silver and oil. And note how even the words are soothing; gold, silver and oil. Ahhh! I feel better already! Get some, and you will, too! Gold, silver and oil! Ahhhhhhhh!

Jul 1 The Shrinking Influence of the US Fed Gabor Steingart
Officials with the International Monetary Fund (IMF) have informed Bernanke about a plan that would have been unheard-of in the past: a general examination of the US financial system. The IMF's board of directors has ruled that a so-called Financial Sector Assessment Program (FSAP) is to be carried out in the United States. It is nothing less than an X-ray of the entire US financial system. As part of the assessment, the Fed, the Securities and Exchange Commission (SEC), the major investment banks, mortgage banks and hedge funds will be asked to hand over confidential documents to the IMF team. They will be required to answer the questions they are asked during interviews...

Jul 1 Above The Law Captain Hook
Just try and imagine what would happen if at the same moment, due to the highly integrated nature of counter-party risk, we have enough bids to take out all existing physical supplies of both gold and silver in ten-minutes. This is possible you should know, because there is hundreds of trillions worth of whatever fiat currency you wish to talk about in the world that will all be looking for a home at the same time at some point in the not too distant future. Under such conditions silver could gap higher by $10 in a New York minute.

Jul 1 Fate of Paper Money Mike Hewitt
The first well-known widespread use of paper money was in China during the Tang (618-907 A.D.) dynasty around 800 A.D. Paper money spread to the city of Tabriz, Persia in 1294 and to parts of India and Japan between 1319 to 1331. However, its use was very short-lived in these regions. In Persia, the merchants refused to recognize the new money, thus bringing trade to a standstill. By 1455, after over 600 years, the Chinese abandoned paper money due to numerous problems of over issuance and hyperinflation.

Jun 30 Crash Course $300 of Trading Lessons FREE until Jul 8 EWI
How do you know that what you think is the trend, instead isn't just a weeklong rally before a deeper plunge? And how many times have you seen your market move in the opposite direction of where logic suggests prices "should" go after a Federal Reserve statement or news report? Over the next five days, we will show you several distinct, unique reports and videos that we believe can help you bridge the gap between the theory of wise adages and the practice of benefiting from them.

Jun 30 International Forecaster June 2008 (#8) Bob Chapman
Precious metals have nothing but positive fundamentals. Stocks, bonds, derivatives and the dollar have nothing but negative fundamentals. Precious metals are trending one way - up, while stocks, bonds, derivatives and the dollar are trending one way - down. The analysis is that simple, and the PPT is powerless to stop it. Their delay tactics are becoming ever more weak and ineffectual. The only thing running counter to these trends is illegal government and cartel intervention, which will soon become superfluous. The de-leveraging has begun in earnest as it has become clear to all that the party is over and that the Fed is nothing but an irrelevant bag of wind.

Jun 30 Everything is in Place for Higher Silver and Gold Prices Franklin Sanders
Does anybody in Washington realize that oil over $140, the Dollar Index at little more than half its 2002 rate, gold nearing US$1,000 an ounce, and the stock market threatening to return to 9,750 looks like all the pieces are falling apart, all at once? The really big down moves in stocks haven't yet taken place. Between 11,750 and 10,680, there's no support, just air. As I have urged since memory runneth not to the contrary, swap stocks for silver & gold.

Jun 30 Market Intervention, Data Manipulation Still Accelerating Deepcaster
If The Cartel leaders know what they are doing, what is their “End Game?” The only rational conclusion to draw is that they expect (and are likely even pushing) the U.S. Dollar to go into further and further decline, and to continue their other policies, until there is a Systemic Crisis. (Very short-term, Deepcaster Forecasts the U.S. Dollar to “bounce” soon into the 3rd Quarter of 2008, but that does not affect the fact that the primary trend for the U.S. Dollar is down.) And we expect that Systemic Crisis will likely, as Deepcaster pointed out in his June, 2007 Letter, and elsewhere, provide the catalyst to force implementation of this Nefarious End Game Plan.

Jun 30 The Dow-Crash, The Dollar, Gold, and WAR! Alex Wallenwein
Gold is truly the peace currency. It needs no military to prop it up. It needs no centralized control system to regulate its supply, only the natural, ultimately decentralized controls of supply and demand. Wars may be fought over access to gold mines some day, but correct me if I'm wrong, so far this has not happened in history. Gold can easily be acquired in trade. Fighting a war over access would be self-defeating because it costs more than the potential benefit could yield.

Jun 30 On the Precipice James Turk
It has been my view expressed in these alerts and elsewhere over the past several months that there will be a currency crisis this summer caused by a plummeting US dollar. Summer of course began a few days ago, so it is reasonable to ask whether my view has changed. It hasn't. The US dollar is now standing on the edge of the precipice. In fact, it is already peering over the edge as we can see in the following chart of the US Dollar Index.