USD OMG
Richard Russell snippet
Dow Theory Letters
Feb 2, 2011
Is the US’s financial position hopeless? I’ve studied the US finances backwards and forwards, and as I see it the US’s financial position most definitely is hopeless.
The actual posted national debt of the US is $14.1 trillion. However, the US reports its finances on a cash basis while omitting its unfunded obligations in such items as Social Security, Medicare and Medicaid and various other entitlements. If the entitlements are included, the total national debt including unfunded obligations would be over $100 trillion.
Wait, it gets worse.
….read more of Richard’s important comments HERE
Gold Whale
by Bob Moriarty 321Gold.com
About six months ago, I wrote about a new company drilling deep in the Carlin Trend for the next gold whale. I made an interesting prediction at the end of the piece that appears to have just come true. “GV is a crapshoot but the potential payoff is a hell of a lot higher than the odds.?”
Dave Mathewson, VP Exploration, just proved his theory on a broken hole that only came within 600 feet of the desired depth target. It’s like drilling a condemnation hole and coming up with 500 meters of two-ounce gold. Luck beats skill anytime in my book.
Let me bring you up to speed. Drilling deep is always a problem but in the Carlin Trend, deep drilling has broken more than one heart and many a pocket book. Gold Standard is drilling 1500-foot holes. They cost a bomb. The rock conditions are difficult and many holes fail to get to their target but the drillers insist on getting paid anyway.
Gold Standard announced the results from hole 8 on January 20th….
…..read more Gold Whale HERE