They Cannot, Dare Not Stop Inflating, and that Will Keep Driving Silver and Gold Prices to the Stars

Gold Price Close Today : 1,602.10 Gold Price Close 8-Jul : 1,541.20 Change :
60.90 or 4.0% Silver Price Close Today : 4033.3 Silver Price Close 8-Jul :
3653.6 Change : 379.70 or 10.4% Gold Silver Ratio Today : 39.722 Gold Silver
Ratio 8-Jul : 42.183 Change : -2.46 or -5.8% Silver Gold Ratio : 0.02518 Silver
Gold Ratio 8-Jul : 0.02371 Change : 0.00147 or 6.2% Dow in Gold Dollars : $
159.81 Dow in Gold Dollars 8-Jul : $ 169.77 Change : $ (9.96) or -5.9% Dow in
Gold Ounces : 7.731 Dow in Gold Ounces 8-Jul : 8.213 Change : -0.48 or -5.9% Dow
in Silver Ounces : 307.07 Dow in Silver Ounces 8-Jul : 346.43 Change : -39.36 or
-11.4% Dow Industrial : 12,385.16 Dow Industrial 8-Jul : 12,657.20 Change :
-272.04 or -2.1% S&P 500 : 1,305.44 S&P 500 8-Jul : 1,343.80 Change : -38.36 or
-2.9% US Dollar Index : 75.378 US Dollar Index 8-Jul : 75.082 Change : 0.296 or
0.4% Platinum Price Close Today : 1,775.20 Platinum Price Close 8-Jul : 1,730.50
Change : 44.70 or 2.6% Palladium Price Close Today : 795.75 Palladium Price
Close 8-Jul : 775.05 Change : 20.70 or 2.7% Every morning I drive down Suck Stem
Branch Road and just before I drive into the Green Cathedral there lives a
groundhog. I bear no animus to any groundhog, but for some crazed reason, the
groundhog sits in the ditch and waits until my car gets within about 35 feet and
at that precise moment races across the road in a suicidal game of chicken with
my 3,500 lb. Isuzu Trooper. I have observed that rabbits and squirrels, too,
will abandon a perfectly secure refuge to rush to their own destruction awaiting
in midroad. Yet this suicidal behavior can't hold a candle to human beings. We
have central banks. I missed sending a commentary last Friday, so will sum up
last week from Friday a week ago to today, Monday. Certain numbers will leap out
at you from the scoreboard: the Silver Price up 10,.4% the Gold Price up 4%, Dow
in Silver ounces down 11.4%, Dow in Gold Dollars down 5.9%. Not a good week for
stocks or dollar denominated assets. The Gold Price today reached 103% of its
last high. It's over $1,600, with Comex closing today at $1,602.10, up $12.30.
On the weekly chart 'twill hit the upper trading channel boundary about $1,650,
but $1,625 remains another ancient target. I noticed Steve Saville commented
yesterday that GOLD had been moving up 9 days straight, an awfully long unbroken
stretch. Well, today it made that ten days, yet surely some pause, some
correction must strike soon. The Silver Price returned to center stage today,
gaining 127c to shutter down Comex at 4033.3c, after a high of 4071c. That took
the gold/silver ratio down to 39.722. Silver above 4100c means the Dogs of Rally
are racing again. Stand not in the path of this juggernaut, but bear always in
your mind that it might turn at any time. Clearly silver is following gold,
actually, outrunning it, but both are being driven by institutional stupidity,
government misfeasance, central bank malfeasance, and the need to feed the
banks. Can that last forever? Ooooo. I should have said that some other way.
Every time the Silver Price approaches its last high, the shorts flee and the
bulls take the field, pushing to the next level: 3940c yields, then shoots to
4050c. I'm not opposed to buying here if you have a calm and equitable mind that
recognizes the risk of all those institutional players suddenly coming to their
senses -- or, more precisely, APPEARING to come to their senses. In the long run
it makes no difference what they do, they cannot, dare not stop inflating, and
that will keep driving SILVER and Gold PriceS to the stars. I fear, I truly
fear, that silver and gold are accelerating into that state that panicked buyers
will not look at charts or even ask prices, they will simply buy, buy, buy in
their desperate need to flee fiat currencies. Stocks today reached G$159.81
(7.731 ounces), a new low for this move and a tiny breakdown thru the bottom
support line. The DiG$ frequently makes that breakdown without following
through, but if it does then look for a speedy plunge to G$145 (7.014 oz). Dow
in Silver Ounces is verging on a breakdown through 300 oz. of silver buying the
whole Dow. Stocks spent the last four trading days steadily digging lower and
lower. Now that they have reached 12,300, they might catch on that stouter
support. On the other hand, they tried to pierce their 20 and 50 day moving
averages today (12,346 and 12,359) but didn't close beneath them. Stocks remain
the Typhoid Mary of Investment Healthcare Professionals. By the way, the new low
for the Dow in Gold Dollars whispers that either stocks are about to plunge or
gold is about to skyrocket. The US DOLLAR INDEX rose 14.8 basis points today
(0.19%) to its present 75.378. Mark, simply, that the dollar remains in an
uptrend from last Wednesday's 74.65 low and from its May 72.70 low: higher
highs, lower lows makes an uptrend. As long as the Dollar Index remains above
74.75, the trend remains in force, targetting 78. Euro struggleth still. Today
closed at 1.4110, down 0.34%. Hard to look at this chart, a jagged descent as
bad as the face of Mt. Everest, and imagine that it will turn and climb. Close
below 1.395 and 1.3913 (200 DMA) kicks the euro into the abyss. Yen has made a
classic pennant which in a sane world where central banks and governments don't
manipulate markets, points to Y76.27/$ (131.12c/Y100). Don't look for that,
however, because the Japanese Nice Government Men will be zeroing in on that
rate to make it sink. Footnote from last week's trip: if y'all are ever in
Chattanooga, do not miss eating at the Boathouse restaurant on the Tennessee
River. It is superb. The grilled squid with arugula and garlic will make you
tongue slap your jaws. Argentum et aurum comparenda sunt -- -- Gold and silver
must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com ©
2011, The Moneychanger. May not be republished in any form, including
electronically, without our express permission. To avoid confusion, please
remember that the comments above have a very short time horizon. Always invest
with the primary trend. Gold's primary trend is up, targeting at least
$3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66;
stocks' primary trend is down, targeting Dow under 2,900 and worth only one
ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in
a bubble, primary trend way down. Whenever I write "Stay out of stocks" readers
inevitably ask, "Do you mean precious metals mining stocks, too?" No, I don't.
Be advised and warned: Do NOT use these commentaries to trade futures contracts.
I don't intend them for that or write them with that outlook. I write them for
long-term investors in physical metals. Take them as entertainment, but not as a
timing service for futures.

9 Companies Increasing Dividends This Week

Wall Street had one of its worst weeks in years, and the capitulation selling
that took root Thursday culminated with a 512-point plundering of the Dow.
Nearly every sector of the market was hit that day, including commodities like
oil and gold. On Friday, the July employment report showed better-than-expected
job growth, as nonfarm payrolls increased 117,000. That number easily surpassed
expectations for a gain of 85,000. The unemployment rate dipped to 9.1% from
9.2% in June, and that was one of the few positives in an otherwise dismal week
dominated by recession fears. Another, almost overlooked, positive this week was
the hefty number of companies increasing dividends. This week's payout
performers include one of the largest gold mining concerns, the premier
agricultural chemicals company, and the company that rakes in a little profit
for itself every time an options trade is executed. The following are nine
companies increasing dividends in this memorable week of tumultuous trading.
Boardwalk Pipeline Partners L.P. Natural gas limited partnership Boardwalk
Pipeline Partners (NYSE: BWP ) turned up the heat on its quarterly cash
distribution to 52.5 cents per unit. The new distribution, announced Aug. 1, is
payable on Aug. 18 to unitholders of record as of Aug. 11. The new dividend
yield, based on the Aug. 1 closing price of $28.55, is 7.36%. Boardwalk's
distribution increase came even as its second-quarter net income fell by
two-thirds. Although the loss was due largely to absorbed accounting charges and
other expenses, Boardwalk earned just $15.2 million, or 7 cents per common unit,
down from $54.4 million, or 28 cents per unit, during the same period last year.
Analysts had expected net income of 32 cents per unit.

The Art and Science of Due Diligence

Guest Article Overview: The Art and Science of Due Diligence By Andrew J.
Sherman, Author of The AMA Handbook of Due Diligence Due diligence is not just a
process, it is also a reality test -- a test of whether the factors driving the
deal and making it look attractive to the parties are real or illusory. Due
diligence is not a quest to find the deal-breakers but a test of the value
proposition underlying the transaction to make sure that the inside of the house
is as attractive as the outside. Once the foundation has been dissected, it can
either be rebuilt around a deal that makes sense or allow the buyer to walk away
and prevent the consummation of a deal that doesn't make sense. Overall, the due
diligence process, when done properly, can be tedious, frustrating,
time-consuming, and expensive. Yet it is a necessary prerequisite to a
well-planned acquisition, and it can be quite informative and revealing in its
analysis of the target company and its measures of the costs and risks
associated with the transaction. Buyers should resist the temptation to conduct
a hasty "once over," either to save costs or to appease the seller. Yet at the
same time, they should avoid "due diligence overkill," keeping in mind that due
diligence is not a perfect process and should not be a tedious fishing
expedition. Like any audit, a diligence process is designed to answer the
important questions, and ensure with reasonable assurance that the seller's
claims about the business are fair and legitimate. Proper due diligence involves
knowing: - where to look - what to ask - what tools to use - who to ask - how to
test premises/answers - who should ask Effective due diligence is both an art
and a science. The art is the style and experience to know which questions to
ask and how and when to ask them. It's the ability to create an atmosphere of
both trust and fear in the seller, which encourages full and complete
disclosure. In this sense, the due diligence team is on a risk discovery and
assessment mission, looking for potential problems and liabilities (the search),
and finding ways to resolve these problems prior to closing and/or to ensure
that risks are allocated fairly and openly after the closing. The "Art" of Due
Diligence: - Understanding how to extract key information from a person or
situation - Understanding the objectives of the parties and the underlying
transaction - Identifying key hurdles and risks - Identifying why information
might be falsified or omitted - Targeting the proper sources for disclosure of
information The science of due diligence is in the preparation of comprehensive
and customized checklists of the specific questions to be presented to the
seller, in maintaining a methodical system for organizing and analyzing the
documents and data provided by the seller, and in quantitatively assessing the
risks raised by those problems discovered in the process. The "Science" of Due
Diligence: - Do your homework - Be prepared and well-organized - Be precise in
your requests - Be persistent in your quest for the truth - Don't accept the
first answer as the final answer Excerpted from The AMA Handbook of Due
Diligence by William M. Crilly and Andrew J. Sherman. Copyright © 2010 William
M. Crilly and Andrew J. Sherman. Published by AMACOM Books, a division of
American Management Association, New York, NY. Used with permission. All rights
reserved. http://www.amacombooks.org/ Author Bio Andrew J. Sherman, is the
author of several books, including The AMA Handbook of Due Diligence, Harvesting
Intangible Assets, Mergers and Acquisitions from A to Z, Raising Capital, and
Franchising and Licensing. He is a partner in the Washington, D.C. office of
Jones Day and a top-rated Adjunct Professor in the MBA and Executive MBA
programs at the University of Maryland. An internationally recognized authority
on the legal and strategic aspects of business growth, he is frequently called
upon by the media to share his expertise. He has been featured or quoted in The
Wall Street Journal, USA Today, The New York Times, BusinessWeek, Fortune,
Investor's Business Daily, Forbes, Entrepreneur, U.S. News & World Report, and
other prestigious publications. For more information please visit
http://www.amacombooks.org/book.cfm?isbn=9780814413821

Impressive Moves Higher For The Week: (TNH), (HMPR), (SM), (GOLD), (TI-A)

Impressive Moves Higher For The Week: (TNH), (HMPR), (SM), (GOLD), (TI-A) Tickr
Watch - 7 hours ago The following stocks were among the best performers for the
week: Terra Nitrogen Company, LP, Hampton Roads Bankshares Inc, SM Energy
Company, Randgold Resources Ltd, and Telecom Italia SPA New ...

General Dynamics (NYSE:GD) Makes Director Move

General Dynamics (NYSE:GD) has made a new appointment to its board of
directors. General Dynamics (NYSE:GD) Makes Director Move The defense contract
major General Dynamics (NYSE:GD) has announced the appointment of James Jones, a
former Marine Corps commandant and national security adviser, to its board of
directors. Jay L. Johnson, chairman and chief executive officer of General
Dynamics (NYSE:GD) said, "Jim Jones' depth of knowledge and experience in
global security issues makes him a valuable addition to the General Dynamics
(NYSE:GD) board." General Dynamics (NYSE:GD) stocks were at 63.22 at the end
of the last days trading. Theres been a -10.6% change in the stock price over
the past 3 months. General Dynamics (NYSE:GD) Analyst Advice Consensus Opinion:
Moderate Buy Mean recommendation: 1.65 (1=Strong Buy, 5=Strong Sell) 3 Months
Ago: 1.81 Zacks Rank: 2 out of 6 in the industry

50 Years of Fun Economic History for Obama’s 50th Birthday

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tdp2664 InvestorPlace President Barack Obama turned 50 years old Thursday and celebrated with multiple birthday parties (and a little campaign fundraising) on his big day. Since I am a big fan of stock market trivia, I thought it would be fun to throw together some fun facts about where the market and the nation's economy was 50 years ago when Obama was born. Some facts about the market are just interesting. Others — about the nation's debts or unemployment rate — might make you long for better times. But, at any rate, here's my fun list of 50 economic facts after Obama's 50 th birthday: 1. In May of 1961, the Dow closed above 700 for the first time ever. 2. The adjusted close for the Dow on Aug. 4, 1961, was 720.69. 3. That marked a 1,660% gain since the index debuted 65 years earlier at at 40.94 on May 26, 1896. 4. That's almost 25% per year annually. 5. The stock market was in raging bull mode in 1961. The Dow was up for a roughly 400% gain in just 12 years, from a level around 150 in 1949. 6. That's over 33% annually from 1949 to 1961. 7. Currently, the index is up 1,270% since that close of 720.69 in 1961. 8. Annualized, that's about 25% a year. 9 to 29. Dow components in 1961 were: Allied Chemical Aluminum Company of America American Can American Telephone & Telegraph American Tobacco B Anaconda Copper Bethlehem Steel Chrysler Du Pont Eastman Kodak Company General Electric Company General Foods General Motors Corporation Goodyear International Harvester International Nickel International Paper Company Johns-Manville Owens-Illinois Glass Procter & Gamble Company Sears Roebuck & Company Standard Oil of California Standard Oil (NJ) Swift & Company Texaco Incorporated (formerly Texas Company) Union Carbide United Aircraft U.S. Steel Westinghouse Electric Woolworth 30. The only current components that were truly part of the 1961 Dow are General Electric (NYSE: GE ), Alcoa (NYSE: AA ), which was formerly known as the Aluminum Company of America , Dupont (NYSE: DD ) and Procter & Gamble (NYSE: PG ). (You can make a complicated case for many others like American Telephone & Telegraph, for instance, which is just one thread of the tangled fabric of AT&T (NYSE: T ) history — but let's keep moving.) 31. Believe it or not, GE stock actually has outperformed the Dow since even after its meltdown during the financial crisis, up about 1,580 since August 1961 vs. 1,270% for the DJIA. 32. And Dupont has underperformed in an ugly way. The stock is up only about 680% since 1961, half the gains of the broader market. And it didn't pay its first dividend until 1987. 33. Six Flags (NYSE: SIX ) turns 50 this year too, born in 1961 as "Six Flags Over Texas" opened. 34. Imation (NYSE: IMN ) brand Memorex got its start in 1961, too, focusing on computer tapes. 35. Publicly traded trucker J.B. Hunt (NASDAQ: JBHT ) also is 50 in a few days, incorporated in Arkansas on Aug. 10, 1961. 36. Eyewear stock Luxotica (NYSE: LUX ) also got its start in 1961, 50 years ago. Now on to the bigger economic issues of 1961, some hard numbers with real impact and some fun marketing facts: 37. Unemployment was almost half what it is today, at just 5.5% 38. Minimum wage in 1961: $1.15 an hour. 39. Median family income 50 years ago was about $5,700 per year. 40. U.S. debt as a percentage of GDP was about 55% when Eisenhower left office. That was down from about 70% when he entered the White House in 1953, and about half the levels under Truman at the end of World War II about 16 years earlier. 41. The largest recorded strike in history ended — a 33 year spat by Danish barbers’ assistants. Strange barbers fixed a labor dispute right before the era of long hair… but true. 42. OPEC (Organization of Petroleum Exporting Countries) is formally constituted. 43. In early 1961, President Dwight Eisenhower announced the U.S. would sever diplomatic relations with Cuba and soon would employ economic and trade sanctions. 44. Before leaving office, President Eisenhower also issued a warning with a now infamous phrase about the “military industrial complex” developing in America. 45. The first American astronaut, Navy Commander Alan B. Shepard, rockets 116.5 miles up, kicking off the history of manned space flight. 46. Frito corn chips appear on the snack food scene, marketed by the Frito Kid — predecessor to the Frito Bandito. 47. “Barbie” gets a boyfriend when the “Ken” doll is introduced. The move helps the Barbie line cement its status a toy store staple for decades to come. 48. Black & Decker introduced the first cordless power drill, powered by nickle-cadmium. Wives everywhere have less sympathy for husbands who claim they don't have time to fix things around the house. 49. Ibuprofen was introduced to the public. It wouldn't become available as an over-the-counter drug in 1984. 50. The Yankees would go on to win the World Series. Hey, it's not strictly economic — but there's too much money in those pinstripes these days to ignore a shoutout to the Mantle and Maris home run chase that year. Jeff Reeves is the editor of InvestorPlace.com. As of this writing, he did not own a position in any of the stocks named here. Follow him on Twitter via @JeffReevesIP and become a fan of InvestorPlace on Facebook .

Ford MSN Money Stock Quotes F DJIA index DJX stock market close review Today

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dow2664 This past week was a bad one for the stock market and the murmurs on Wall Street regarding a potential double dip recession are growing. Stocks ended the last session mixed but were decisively below breakeven to finish off the week. The DJI, Nasdaq and S&P 500 all finished off in the red for the week overall. Specifically, the Dow Jones was negative for the week by almost 6 percent. The S&P 500 fell for the week by 7 percent and the Nasdaq dropped lower overall for the week by 8 percent. The pressures of the global economy can’t be ignored. This was evident on Friday when indices popped up higher after some better than expected jobs data but then sank lower again due to global market pressure. Stock trends were volatile and unpredictable at times and investors had difficulty anticipating direction. The uncertainty caused fear and the fear caused plummeting trends. All three major indices ended the week so low that they ultimately wiped out any remaining gains that they had built over the course of this year. Investor fear on Wall Street is now heightened and this fear is hurting individual company stock values. According to MSN Money stock quotes, Ford Motor Co. stock finished last trading session in the red. Ford was lower by .18 percent and closed out last trade at 10.84. Previous close for Ford was 10.86. Frank Matto