The global economic meltdown continues, with the “President’s Working Group on Financial Markets” doing their best to support the “DOW JONES PROPAGANDA AVERAGE” while other (unnamed) forces attempt to cap the “barometers of bad tidings” – gold and silver.
Over the weekend, fresh evidence of economic meltdown in Europe and Japan – as well as the expanding LIBORgate fraud (BOE governors speaking before Parliament as we speak) and “glitches” causing bank closures or process failures in England, Germany, Italy, and Russia – have only made matters worse.
Gold and silver are up because they ALWAYS have been, and ALWAYS will be REAL MONEY, the ONLY assets that will survive this perfect storm, 41 years in the making.
Andrew C. ("Ranting Andy") Hoffman, CFA
Miles Franklin Ltd.