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July 26th, 2009

Mid 2009 Observations

D. Stewart Armstrong
July 25, 2009

First of all, my personal considerations:

I like:

Oromin Explorations (OLEPF-OTC) about $1.25US
Golden Phoenix (GPXM-OTC) about $0.025 cents (that’s two and one half cents per share!)
Clifton Star (CFO-CA) about $2.50 CA
Nevsun (NSU-CA) 1.80 US and Canadian
Hecla (HL) $3.10 US ( A long and storied past—saved people during last depression!)
Golden Star (GSS-OTC) $2.24
Gold Resource Corp (GORO-OTC) $4.53
Timberline Resources (TLR) about $.38 (AMEX)

 Where do we go?

As we look across our war torn country that is slowly dissolving into financial anarchy, I am deeply troubled.
I am a firm believer that free markets are a thing of the past. Not to sound like sour grapes, or Arnold’s “girly-man”, Wall Street has taken over the United States and the banks are their first vehicle of choice to implement policy.
I cannot shake the idea of what would have happened if that $6 trillion dollars was distributed to the legitimate taxpayers of the US. We are, after all, a consumer based economy, and we need to consume to survive. However, one out of four Americans is job/career compromised and don’t believe the baloney figures being posted. It is not 9 %. In some areas of Michigan it is 30%.

I realize that the stock markets (Dow and S&P) appear to be improving; especially with the Dow above 9000. I hear analysts saying that we are headed higher and will have a cyclical bull market in stocks over the next two years. I do not agree with them. These markets are for the big boyz and their black boxes that now trade in seconds not minutes.
People, this is different than anything this Country has ever encountered. Jim Sinclair is not the end all be all, but he’s a pretty smart guy who has tried to do his best to educate Americans on his own dime.
Take advantage: www.jsmineset.com. It’s a freebie and there is some excellent info on the site—nothing specific as in which companies will appreciate—but Jim, Dan, and friends will help you find your own way.
Buy Gold and Silver—not ETFs

Buy gold and silver when and where you can. Listen; even if you purchase a roll of quarters or several silver dollars, you are starting down the right track because you are starting. Formulate your plan or put another way: plan your work and work your plan.

Now listen, I know that people are living from paycheck to paycheck and there is nothing left over but bills and more bills. In California, even yard sales are dismal because people are not buying anything that’s not a necessity. It is like someone turned off the financial faucet.

But the longest journey begins with the first step. Buy 10 pre 1964 dimes. Figure each dime will cost you 10x its face value or about $1.00 each. So ten dimes is going to cost you $10.00 plus shipping. Have a yard sale and find a way to come up with ten dollars or even $100. Put that rainy day money into silver. Forget the next $5.00 Happy Meals for the kids and put that $10 towards a little silver. I don’t care how you do it but find a way. The kids will be healthier and you will be wealthier and perhaps wise? read more

July 20th, 2009

Alas Poor Gold Bug

by Howard S. Katz
(www.thegoldspeculator.com.)
7-20-09

This is an interesting take on the inflation/deflation issue. However, I believe that gold could also appreciate in a deflationary environment.  I think Howard is correct in his assumption that we will look in retrospect and ask why didn’t we buy more gold? DSA / ED read more

July 12th, 2009

Why The Fed is Depreciating the Currency

by Howard Katz (www.thegoldspeculator.com.)

July 6, 2009

Everyone once in a while you come across an author who speaks the truth with clarity. This article covers that criteria and then some. It has historical perspective, brevity, and is spot on.  Do yourselves a favor and take the time to understand what Howard is saying. It will serve you well.  Please be aware that this is a reprint from Kitco.com, and  not all charts are available in this version  but can be found on Kitco.com. (www.kitco.com/ind/index.html#katz)

In its June 29, 2009 issue, Business Week ran an article, by Peter Coy, entitled “Why the Fed Isn’t Igniting Inflation.” This perfectly illustrates how the paper aristocracy lies to the American people, the purpose being to steal their (meaning your) wealth. Today I want to point out the lies and the doubletalk involved in this article and why it is absolute crucial (for your own well being) that you understand what is going on. read more