Tuesday, August 24, 2010

more bad news

Today was a blizzard of bad news. For example, we have a plunge in housing prices. Also, home sales hit a 15 year low now. If that is not enough there was an 100 point drop in the DOWn jones industrial average. OK, if you think that is bad, just today our US dollar made a new 15 year low versus the japanese yen. This is not a good sign. It feels like we are in depression, not a recession.

Well, my solution is for people to buy Canadian silver 1oz coins. Silver is going up. Actually, it is following gold, but has been a laggard of late due to people expecting things to improve. Well, that is not going to happen any time soon.

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