Good move - commodities is a proverbial mine field and the reason why I never venture into it, no matter how attractive the gains look.

It's GAME OVER For the U.S.
Graham Summers
21 April 2011
If the US were a company, it'd be bankrupt.

FoxNews published a WHOPPER of a story yesterday, though it somehow has not caught the attention of most people. If you have issues with Fox them at the door for a moment and simply focus on the numbers.

For the first time since the Great Depression, the US is now officially paying out more in benefits than it takes in via tax receipts.

If the US were a company, it'd be spending more in salaries than it makes in sales. Aside from being unprofitable, it's also got a MASSIVE debt load. And it's current policy of paying out more than it makes only increases this debt load… which begs the question… who's going to pay the interest payments on the debt?

Now, about those payments…

More than half of all Americans (59%) receive a Government payout in one form or another. This is not a sliver of the population… it is endemic to the system. So those who complain endlessly about Government spending need to consider they as well as half of everyone they know, likely gets some kind of assistance in the form of social security, Medicare, food stamps or what have you.

Here's another zinger: Government payouts account for 79% of household growth since 2007. In other words, the only thing that has kept the US consumer afloat in the last four years is payouts from Uncle Sam.

Put another way, the private sector has contributed roughly one out of every five dollars in household growth since the Great Depression 2.0 started in 2007.

To say that these policies are unsustainable is the understatement of the year. The only reason the US hasn't seen a complete debt implosion followed by hyperinflation is because the Federal Reserve is propping up the debt market with money printing.

Yes, we are supporting our debt load by creating more money out of thin air. It is absolute insanity and a clear signal that we're rapidly approaching GAME OVER for the US's monetary system.

Indeed, foreign nations are dumping out debt already. Earlier this week China announced that its foreign currency reserves are excessive and that they need to return to "reasonable" levels.

In politician speak, this is a clear, "we are sick of the US Dollar and will be taking steps to lower our holdings." Remember, the US Dollar is China's largest single holding. And China has already begun dumping Treasuries (US Debt).

This comes on the heels of China deciding (along with Russia) to trade in their own currencies, NOT the US Dollar. Not to mention the numerous warnings Chinese politicians have been issuing to the US over the last 24 months.

In simple terms, China is done playing nice and is now actively moving out of US Dollar denominated assets. This is the beginning of the US Dollar's end as world reserve currency.

The dimwits in Washington don't understand this because their advisors are all Wall Street stooges who don't think debt or deficits matter. After all, why would they? Their entire business model is now based on endless cheap debt from the US Fed. So it's only logically (in their minds) that the US as a sovereign state engage in the same strategies.

There is only one way out of this mess and that is default. The US cannot EVER pay back its debts. A US default is going to happen GUARANTEED (hyperinflation induced by endless money printing is just another form of default). When this happens, the US Dollar will collapse, lose reserve currency status, and inflation will rip through the system destroying the purchasing power of anything paper-related.

So if you're not preparing for mega-inflation already, you need to start doing so NOW. The Fed WILL continue to pump money into the system 24/7 and it's going to result in the death of the US Dollar.

If you've yet to take steps to prepare your portfolio for the coming inflationary disaster, our FREE Special Report, The Inflationary Disaster explains not only why inflation is here now, why the Fed is powerless to stop it, and three investments that absolutely EXPLODE as a result of this.

All in all its 14 pages contain a literal treasure trove of information on how to take steps to prepare AND profit from what's to come. And it's all 100% FREE.

To pick up your copy today, go to www.gainspainscapital.com and click on FREE REPORTS.

Graham Summers

4 Signs Of Economic Decline In America

The United States is in the middle of a devastating long-term economic decline and it is getting really hard to deny it. Over the past year I have included literally thousands of depressing statistics in my articles about the U.S. economy. I have done this in order to make an overwhelming case that the U.S. economy is in deep decline and is dying a little bit more every single day. Until we understand exactly how bad our problems are we will never be willing to accept the solutions. The truth is that our leaders have absolutely wrecked the greatest economic machine that the world has ever seen. Most Americans just assume that we will always experience overwhelming prosperity, but that is not anywhere close to the truth. We are not guaranteed anything. Our manufacturing base has been gutted, the number of jobs is declining, more Americans are dependent on government handouts than ever before, our dollar is dying and as a nation we are absolutely drowning in debt. The economists that are trumpeting an "economic recovery" and that are declaring that the U.S. economy will soon be "better than ever" are delusional. We really are steamrolling toward a complete and total economic collapse and our leaders are doing nothing to stop it.

The following are 24 more signs of economic decline in America. Hopefully you will not get too depressed as you read them....

#1 On Monday, Standard & Poor’s altered its outlook on U.S. government debt from "stable" to "negative" and warned the U.S. that it could soon lose its AAA rating. This is yet another sign that the rest of the world is losing faith in the U.S. dollar and in U.S. Treasuries.

#2 China has announced that they are going to be reducing their holdings of U.S. dollars. In fact, there are persistent rumors that this has already been happening.

#3 Hedge fund manager Dennis Gartman says that "panic dollar selling is setting in" and that the U.S. dollar could be in for a huge decline.

#4 The biggest bond fund in the world, PIMCO, is now shorting U.S. government bonds.

#5 This cruel economy is causing "ghost towns" to appear all across the United States. There are quite a few counties across the nation that now have home vacancy rates of over 50%.

#6 There are now about 7.25 million less jobs in America than when the recession began back in 2007.

#7 The average American family is having a really tough time right now. Only 45.4% of Americans had a job during 2010. The last time the employment level was that low was back in 1983.

#8 Only 66.8% of American men had a job last year. That was the lowest level that has ever been recorded in all of U.S. history.

#9 According to a new report from the AFL-CIO, the average CEO made 343 times more money than the average American did last year.

#10 Gas prices reached five dollars per gallon at a gas station in Washington, DC on April 19th, 2011. Could we see $6 gas soon?

#11 Over the past 12 months the average price of gasoline in the United States has gone up by about 30%.

#12 Due to rising fuel prices, American Airlines lost a staggering $436 million during the first quarter of 2011.

#13 U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes.

#14 Approximately one out of every four dollars that the U.S. government borrows goes to pay the interest on the national debt.

#15 Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

#16 Total credit card debt in the United States is now more than 8 times larger than it was just 30 years ago.

#17 Average household debt in the United States has now reached a level of 136% of average household income. In China, average household debt is only 17% of average household income.

#18 The average American now spends approximately 23 percent of his or her income on food and gas.

#19 In a recent survey conducted by Deloitte Consulting, 74 percent of Americans said that they planned to slow down their spending in coming months due to rising prices.

#20 59 percent of all Americans now receive money from the federal government in one form or another.

#21 According to the U.S. Bureau of Labor Statistics, the average length of unemployment in the U.S. is now an all-time record 39 weeks.

#22 As the economy continues to collapse, frustration among young people will continue to grow and we will see more seemingly "random acts of violence". One shocking example of this happened in the Atlanta area recently. The following is how a local Atlanta newspaper described the attack....

#23 Some Americans have become so desperate for cash that they are literally popping the gold teeth right out of their mouths and selling them to pawn shops.

#24 As the economy has declined, the American people have been gobbling up larger and larger amounts of antidepressants and other prescription drugs. In fact, the American people spent 60 billion dollars more on prescription drugs in 2010 than they did in 2005.

http://theeconomiccollapseblog.com/a...ine-in-america

Yeah.. we all know what caused this.. so ride the rest of the stocks while this wave is still up. 

I'm in LVS now. Tomorrow reporting earnings. Hopefully, they'll beat this jinx for the past quarter.

OhSamaLa Factor will fade out fast and GOLD heading to 1600 and Silver to 60. No stopping there. Dollar will crash again.

Oh my oh my... my AMZN put OPTIONS fried.... 

CME Group hikes margin requirements for Silver - AGAIN

3rd time in one week.

Gosh..I wished for somebody throwing darts at the silver bubble last week, didn't meant for rapid firing bullets at it. 
G.Soros and companies now are laughing all the way to the bank causing this major selloff.

Yeah.. hang on ZSL with tight stop.  

What's your entry price? I bot at 155 x 15shares only.. me small time trader. 

Seems kind of quiet over in your bit of the forum.....
A few casualties in ICU by the looks of things!
Hope you're (both) making some cash!!

which particular stock that you are  eying at?
Silver ETF x3?