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The Obamas and Gold Breaks Out From Range

By me | October 7, 2010

Hello Readers,

I am happily nestled into my enclave 30 stories above one of the most beautiful bays in the world, Acapulco bay.  I’m always in a good mood when I am here but gold and the precious metals stocks have me in a better mood than even is normal.

I want to get straight to talking about the relentless rise of gold but first I wanted to make a few observations on America’s first family.

Obama’s Looking Haggard

I came across this photo of Barack and Michelle Obama from recently and my reaction was simply: Wow, they are looking bad.

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Bank of Japan Drops Bomb – Gold Explodes

By me | October 6, 2010

Hello Everyone,

I have just returned from the good ol’ US of A and am happily nessled back into my hideaway high above the beautiful beaches of Acapulco.  I had been on planes for most of the day but had been logging in between connections and the markets were on fire after the Bank of Japan’s decision to drop rates to nothing and open the spigot – something they’ve basically been doing for more than 20 years now and they still can’t figure out why its not working.

Upon seeing the market reaction today I immediately turned to Ed, a literal genius of the markets and a person who is much more focused on the day-to-day movements and data than I am with my more big picture, geopolitical followings.

Here are Ed’s comments after today’s market action:

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By me | October 5, 2010

Hello from Sunny & Hot Phoenix, Arizona,

I’ve spent the last few days in Phoenix.   I’ve never been to Phoenix and have to say it is an interesting place in that I’ve never been to a city quite like Phoenix.  The only places I can think of that are similar are Las Vegas and Dubai, all three are desert towns.

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