“Woe to the land whose king is a child and whose leaders are already drunk in the morning. Happy the land whose king is a nobleman, and whose leaders work hard before they feast and drink, and then only to strengthen themselves for the tasks ahead”. (Eccl 10: 16-17)

"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat

In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people. Source – The Declaration of Independence

Friday, April 15, 2011

Silver - 8 hour chart update

Gold - 8 Hour chart update

Raging food prices coupled with low employment is creating a new industry

Vegetable bandits strike as food prices soar

'We've never seen anything like this,' tomato firm boss says; truckload of frozen meat also stolen

By WILLIAM NEUMAN 4/15/2011 4:32:11 AM ET

http://www.msnbc.msn.com/id/42603382/ns/us_news-the_new_york_times/

Europe feeling the heat from Inflation

Further evidence that the Kraken is raging round the globe. This comes as I am watching gasoline closing in on the $3.30 level at the Nymex and crude oil notching a $110 handle.

Eurozone Inflation Continues To Surge And It's Not Just Food And Fuel Anymore

Gregory White | Apr. 15, 2011, 6:25 AM

Eurozone inflation for the month of March surged to 2.7%, year-over-year, from 2.4% year-over-year in February, according to Eurostat. That's higher than the original 2.6% reading. In the euro area, on Ireland remains below the 2.0% target rate set by the ECB, at 1.2% year-over-year inflation.

Read the entire article here:

http://www.businessinsider.com/eurozone-inflation-march-2011-4#ixzz1Japhnbeb

The "Silver Surfer" rides the waves of investor favor

The following story from the Wall Street Journal's blog, The Source, notes the strong performance of silver and is a good read.

Silver Nabs Gold’s Crown

By Francesca Freeman

Despite both metals hitting fresh record highs Friday, silver has once again stolen gold’s crown.

You can read the entire story by clicking here:
http://blogs.wsj.com/source/2011/04/15/silver-nabs-golds-crown/