Honest Money Gold & Silver Report

House of Honest Money
Weekly Commentary by Douglas V. Gnazzo

Market Performers

Fortune

I have been fortunate to buy (and in several cases sell/book profits) the following stocks during the first six months of this year (2008). Many of these stocks have not only performed well at times, but are continuing to perform well now.

This is not a recommendation to buy or sell any of these stocks. It is offered as an example of stock patterns that can be studied for future learning and use. We make our own fortune – nothing happens by accident.

The following stocks were purchased in 2008; some have been sold at a nice profit, while others are still in the portfolio.

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Weekly Market Wrap 06/27/08
by Douglas V. Gnazzo

Stocks

It was a tough week for stocks, as a new leg down of the bear market got underway. The Dow broke below its March lows and appears ready to test its July 2007 lows.

The best strategy is to either be out of the market and watching from the sidelines, or to be playing the move down via a fund such as Rydex Ursa, which is inversely correlated to the S&P 500.

Up first, is the daily chart for the Dow Jones Industrial Average. The chart shows the break below its previous low for the year, and the next possible level of support.

Notice that volume has expanded during the recent move down. This suggests that more downside action can be expected. The market is, however, becoming oversold.

The second chart is the Rydex Ursa fund, which is one way to play the weakness in stocks, as it is an inverse fund that goes up if the S&P goes down and vice versa.

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Honest Money War Room
JThe Twiliight of Irredeemable Debt by Antal Fekete

Central Bank

Gold Sales

The long awaited meeting of the Federal Reserve is now history, another page in the annals of monetary debasement is etched into the record, a most hideous and shameful tale, one of wanton destruction to the purchasing power of the U.S. currency or dollar bill, a.k.a. Federal Reserve Note.

Since 1913, the U.S. dollar bill has lost 95% of its purchasing power due to excessive money and credit creation by the Federal Reserve. This loss of purchasing power is a loss of wealth; it is the reason why the U.S. has gone from being the largest creditor nation on earth to the largest debtor nation on earth.

This is the reason why it now takes two working incomes to support most families – one is no longer enough. This is why the U.S. savings rate is at historical lows. This is why health care, insurance, and college tuition bills have gone through the roof. This is why the price of oil is so high. And on and on the list continues – like a recurring nightmare.

An economy, financial system, or monetary policy is only as strong as the underlying monetary unit that is the basis of all markets. If the foundation is rotten, the edifice built upon it is rotten. It is merely physics on an economical level.

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Novus Ordo Seclorem - The New World Order
The High Priests of Globalization

The High Priests
of
Globalization

Bilderbergs

The ruling elite – who are they? Are they puppets or puppeteers? Do they pull the strings, or are they the tools of others? Recently, the Bilderbergs meant in Chantilly, Virginia. For those who would like to know some of the history behind the group, see the article: The New World Order - Bilderbergs.

Those that meant in Chantilly were the high priests of globalization, the movement to establish one world government via the loss of national sovereignty. The European Union is a prototype of such supranational government, and the Euro is a test trial of a one world currency.

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Quo Warranto - By Whose Authority
Ways and Means by Xenophon

Ways & Means

I come to a new topic. I am persuaded that the establishment of the silver mines on a proper footing would be followed by a large increase in wealth apart from the other sources of revenue. And I would like, for the benefit of those who may be ignorant, to point out what the capacity of these mines really is.

You will then be in a position to decide how to turn them to better account. It is clear, I presume, to everyone that these mines have for a very long time been in active operation; at any rate no one will venture to fix the date at which they first began to be worked.

Now in spite of the fact that the silver ore has been dug and carried out for so long a time, I would ask you to note that the mounds of rubbish so shovelled out are but a fractional portion of the series of hillocks containing veins of silver, and as yet unquarried. Nor is the silver-bearing region gradually becoming circumscribed. On the contrary it is evidently extending in wider area from year to year. That is to say, during the period in which thousands of workers have been employed within the mines no hand was ever stopped for want of work to do. Rather, at any given moment, the work to be done.

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Dragon Slayers
Numquam Gerite Signum Ubi Draconem Petitis

The Order of the Dragon

[Flag of Wales]

The Founding

The Order of the Dragon is said to have began with the King of Hungary, Sigismund, in the year of our Lord, 1408. The reason usually given for the secret order of knights was to protect the royal family from the invading Ottoman Turks. Maybe - maybe not.

In German the word Drachen means dragon; in Latin Draconis is dragon; and in Romanian drac means dragon or devil. The ending ulea and ul mean son of. Thus Vlad Dracul or Dracula meant son of the dragon, or son of the devil, depending on the language being spoken or written.

Dracula

Dracula’s father was known as Vlad Dracul II. He was descended from Mircea the Elder, who is usually considered the original scion of the House of Dracul. However, this is open to debate, as Mircea had a long line of lineage from which he was descended: the House of Basarab – the first ruling House of Wallachia.

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