Week of Nov 17

What U Need 2 Know:

This should shape up to be a big week. Has the G20 club decided to replace the dollar as the world’s reserve currency? George Green thinks so. Of course, they won’t announce it, but watch the markets this week. They’re great at pricing-in future developments.

1) Big Market Meltdown starts around Wed., DOW likely to drop 2,000 pts. B4 Christmas. 
2) Don’t forget the 75% chance of two big quakes in mid-Dec, one in CA.
3) followed by “a major crisis/test of Obama” shortly after Jan. 20th, then
4) a late-winter and spring of steadily-worsening economic news, resulting in
5) the “summer from hell” with riots in the US, worst inflation in history, widespread unemployment.

Please prepare yourself for your family’s sake.

Deflation is king for rest of 2008. Massive inflation is headed our way in 2009.

Silver EagleThe best inflation hedges are physical assets. The most portable of these is gold, silver and diamonds. Diamonds are tough to value. Gold & silver are simple.

Trade your cash for 1 oz coins issued by the US Mint for highest safety. Percentage-wise silver will climb higher than gold as it is more rare (for the first time in history!). By 2011 gold will triple and silver will go up 10x from today’s prices. It may happen much sooner.

Don’t fret too much, just make preparations while there’s time. By 2012, Americans will be half as wealthy but twice as spiritual. Nice trade-off.

Slide Begins As 4cast? 
Shadow Powers Plan for 2011  **new** 
– He Chooses Silver Over Gold 2 Beat Inflation 
Sober Prediction for Nov. 2009 
Warning: COMEX May Default on December Gold 
Y the Gold & Silver Takedown?  **worth reading**
– Quit DOW Now! **if U only read 1 thing on this site…**
Dollar Death Warning 
Big Quake B4 WWIII, 6 Months 2 Amero
October Alert, Part II 
Code Red Emergency: Survival Measures Required
 
>> How to Rate Your Bank’s Safety <<
How Does Your Broker Rate?
List: Biggest DOW Dives Since 1929

History of the Meltdown… (on-going)

“Unprecedented” Saudi Gold Buying

Saudi Arabia Buys $3.5 billion of Gold in Two Weeks

rocket-gold_155x287There has been an unprecedented surge in Saudi gold purchases in the past two weeks with over $3.5 billion being spent on the yellow metal, reported Gulf News citing local industry sources.

Gold market expert Sami Al Mohna said gold was seen as a traditional safe haven at a time of global financial turmoil. Gulf regional stock markets have fallen very sharply since early October, leading to an exodus of cash which needs to find a safe haven.

Saudi investors clearly think this is the right time to buy and are piling into gold.

News about the Saudi gold rush is bound to fuel speculation about the alleged large physical gold transactions that have been taking place at prices well above the spot price set in the futures market. It is very unlikely that such a large hoard of physical gold could have been bought for the depressed current price.

Market analysts such as the legendary gold bug Jim Sinclair have pointed out that if less than two thousand millionaires insisted on delivery of physical gold at the end of their futures contracts, as is their legal right, then the spot gold market would jump to new highs.

Saudi Arabian investors have spotted a bargain, and it may be a much better one than they think.

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◊◊◊◊ Now: Gold @ $743.60, Silver @ $9.53, USDX @ 87.41 ◊◊◊◊
◊◊◊◊ Now: DJIA 8,497.31