Here is an email from one of our long-term readers below. It’s nice to know that many of you appreciate the time and effort Andy, Bill and I put into this newsletter every day in our quest to keep you up to date with the important and rapidly changing information maze. We believe it is necessary to understand the big picture – but it is also helpful to get the most important daily take on the how we are progressing toward the resolution of the U.S. petrodollar, the U.S. economy and gold and silver. I guess that’s the long and the short of it.
I want to thank all of you who take the time to write us with your questions and comments.
Dear Mr. Schectman,
I confess when I first began to read the newsletter I skimmed it and moved on to the next task – I’m a busy mom! But it didn’t take long before I started studying it each day and then moving on to your linked articles! There is so much great and yet grievous information to learn… All this to say there may be hope for your other readers!! I took the survey and was glad for the chance to give thanks to you all, but I hope the following gets through to you:
Thanks so much for all your hard work. Andy Hoffman knows his stuff and every time I think Bill Holter can’t write a better article, I get blown away by the next one! You have helped my family prepare as best as we can for the future. Keep on preaching cause this choir member loves it!
All my best,
My featured article today is a very well written article on gold by Chris Martenson. He makes a very logical and strong case for owning the Midas metal.
Chris Martenson: The Screaming Fundamentals For Owning Gold – www.caseyresearch.com
April 5, 2014
“Da boyz” were a no-show at the release of the jobs number yesterday”
Yesterday In Gold & Silver
The gold price didn’t do a thing in Far East trading on their Friday—and as I stated in The Wrap section of yesterday’s column, volume up until the London open was lower than I could ever remember seeing it.
But shortly after trading began in London, some positive price action got underway, with higher ticks at both the 12 noon BST silver fix—and again at the Comex open in New York. The usual smash down at the release of the jobs numbers failed to materialize. But the serious price rally that began when London closed at 11 a.m. EDT in New York, ran into the usual not-for-profit sellers within 15 minutes—and that was it for the remainder of the day.
The CME Group reported the low and high price ticks as $1,284.40 and $1,307.50 in the June contract.
Gold finished the trading day in New York at $1,302.30 spot, up $15.50 on the day. Not surprisingly volume, net of April and May, was pretty decent at 156,000 contracts.
Continue reading on Casey Research.com.
Russia is preparing an assault on the petrodollar. Read about it in both the Zero Hedge section and in Jim Sinclair’s section in the featured articles section. This is the news story you should keep your eyes on. If the petrodollar starts to unravel, it will take the U.S. economy and stock market down along with it.