Tuesday, July 5, 2011

Gold: The New Gold

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Headlines:


$22 Billion Treasure Hoard Found in Indian Temple: Over 1 TON of Gold
Recently unlocked vaults in a Hindu temple of southern India hold $22 billion worth of buried treasure, including a 15-foot long gold necklace.

Pacific Ocean Floor Offers New Source of Rare Earths
On the Pacific Ocean floor, huge deposits of rare earth metals have been discovered. In high concentrations especially near Hawaii and Tahiti, there is an estimated 80 to 100 billion tonnes of rare earths.

War On Drugs: Job Security For Overpaid Bureaucrats
Contributing editor Mike Carter discusses the bureaucratic nightmare that is the $1 trillion war on drugs.

Yellowstone Oil Spill Spreads, Locals Criticize Exxon
ExxonMobil faces harsh criticism and hostility after 42,000 gallons of oil leaked into the Yellowstone River...spreading more than 15 miles beyond initial leak, and growing.

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Moody's Cuts Portugal Bond Ratings
Is Portugal the next domino to fall? Bloomberg Economics Editor Michael McKee discusses the country's debt problem.

Why Are Gold Vending Machines Popping Up Everywhere?
Most people view the trend as an amusing one, but it shows how strong demand for hard assets has become...

Paul Farrell: 7 Reasons America Needs a "Good Depression"
Before our economy can recover, America needs a "Good Depression" to avoid a "Great Depression", according to Marketwatch's Paul Farrell.

Double-Dip Recession Fears Wane, Oil Futures AND the Dollar Gain
The risk for recession has not completely subsided, but consumer spending and income growth rates are slightly up, along with the commodities market.

Market Notes July 5 - Silver Pops 5%

It was a good day for silver, gold, and oil. Silver rose almost 5%, and gold moved up 1.8%. Oil advanced more than 2%.

Stocks were mostly flat. Nothing much going on in the markets today, other than precious metals.

Editor's note: Today's Wealth Wire is brought to you by Bottarelli Research. Bryan's latest report is an interesting read. He discusses the outlook for the dollar, and what the Fed cartel's likely next move is.

Mr. Bottarelli has a macro outlook some of our readers may appreciate. Recommended reading.

Regards,

Adam Sharp
Editor, Wealth Wire




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