Dear Friends,

Everyone is getting fancy seeing gold’s strength as a product of the Israeli/Hamas situation.

Watch the euro/dollar relationship as it is the underlying cause of the new gold price up-trend.

We are also moving deep into a more serious geopolitical problem in Pakistan than even the present focus in the Middle East.

Gold is a process. The dollar is the real why. Soon a geopolitical situation will not simply go away.

Gold is insurance. Gold is not a trade. Trade Google if you want. Trading gold is for the professionals. Even for the professionals, trading is no way to reliable fiscal insurance at this time.

How will the thieves protect the trillions they have stolen that are now depreciating as the phony dollar rally caves in? Not in long Treasuries, that is for sure.

The bail out of long treasuries by the thieves, sure to come, will be a sight to see.

Remember that Hyper-dollar-inflation is a currency event, not an economic event.

Keep focused on Jan 2011 to June 2012 and do not get diverted by the noise.

Think Alf Fields’ gold prices, Not Goldfields’ gold prices.

Once again the producers called the bottom. The Anglo and Impala retrenchment releases are infallible indicators as they are ALWAYS wrong when they do that, ALWAYS!

The producers have historically proven their abilities as market mavens by expanding wildly at tops, and closing down production while selling off gems at the price bottom. Thanks guys!

I bought Anglo’s exploration properties in TZ, didn’t I?

Respectfully yours,
Jim