Excuse Me, But is This the Moon Shuttle Now Loading?
Market Update 8-9
by Edgar J. Steele

May 22, 2008  

Downloadable audio files of Hillary Plays the Race Card:


Streaming mp3: Good (16 kb/16 khz)  Better (32 kb/24 khz)  Best (48 kb/44 khz)

Latest Nickel Rants:
4/1/08 - A Rising Storm  mp3 audio
4/1/08 - Cogito, Ergo Ben  mp3 audio
3/27/08 - Mr. Mental Explains: Everything You Need to Know About Economics   mp3 audio
Latest Columns:
5/5/08  - Sinko de America 
4/29/08 - Market Update  (Market update 08-08)
4/17/08 - In Defense of Anti-Semitism - Reloaded mp3 audio
4/4/08 - Update on Everything  (Market update 08-07)
3/20/08 - Nobody Wants Silver So Badly, You Can't Buy Any  (Market update 08-06)

My name is Edgar J. Steele.

The technicians are in a feeding frenzy over gold right now (with silver close on its heels in their estimation) - this likely WILL create its own self-fulfilling prophecy, despite today's modest pullback:


Stand by for anything but a traditionally "sideways" summer... I'm guessing $1200 gold and $23 silver before very much longer. Both have jumped up about 10% in the past few days, crossing over all the technical support levels and causing the chartists to slaver in their haste to call the shift.

All that holds precious metals back is the manipulation by an international consortium desperately levitating the dollar to keep the worldwide economy cooking, but that also holds open the floodgates now funneling American inflation to other nations. At some point, they will drop their support out of pure self defense.

World War always is resorted to at about this point, to deflect attention and blame. Do you think it merely coincidental that Iran now has dropped the dollar for oil sales and that we have a record number of aircraft carrier groups either on station in the Middle East or steaming there right now?

Year end? Who knows, but $1500 - $2000 gold and $25 -$30 silver seem within reach, even WITHOUT a widening of the Middle-Eastern invasion. Before you reject that as grotesquely out of line, just recall that oil has more than doubled in the last 12 months and the pressure to drop ethanol is mounting as our changing climate further inhibits crops this year. Price inflation now is raging at almost the level of monetary inflation (20% plus), which it inexorably must follow. You tell me what could possibly bring inflation under control at this point?

Bomb Iran and count on true liftoff occurring. Late Fall is shaping up to be, in my mind, a "perfect storm" for precious metals, what with the election, Iran, traditional Fall increases, WWIII, food shortages, fuel increases and yet another colder winter imminent.



Copyright 2008, Edgar J. Steele

Forward as you wish.  Permission is granted to circulate both the written and audio version of this Nickel Rant among private individuals and groups, post on all Internet sites and publish in full in all not-for-profit publications.   The audio version of this Nickel Rant may also be freely used in its entirety by for-profit broadcasting entities, but is not to be included in any recorded format which then is sold to others.  The audio version may be rebroadcast, either live or archived on the Internet, either copied or linked directly to my web site, profit and nonprofit alike, so long as it is used in its entirety.  In fact, I encourage any and all radio hosts to use it freely.  Contact author for all other rights, which are reserved.


On-Line link to this rant in HTML format: http://www.conspiracypenpal.com/columns/update0808.htm 


Subscribe:  Click here
To Unsubscribe or change your email address or add your contact information, please use the personalized link appearing at the very bottom of this rant...otherwise:
Change your email address or other list data:  Click here
Unsubscribe:  Click here

Note:  One or both of the following buttons may not work with your email program or browser.  If so, then please visit www.DefensiveRacism.com and make use of the order buttons there, which should work with your browser...

Buy copies of Defensive Racism - An Unapologetic Examination of Racial Differences, which extensively addresses the problems confronting America, now is available through www.Amazon.com (please consider going there and posting a review if you already have read it), though you can get a $5 discount by ordering directly from the publisher.  Additional significant quantity discounts will be applied during the order process. Visit www.DefensiveRacism.com for more information and on-line ordering information or simply click below (for an autographed copy, simply write in "Sign mine" in the comments section of the on-line order blank): 


Make a difference by contributing to the support of my writing, lecturing, lobbying, activism and pro-bono legal defense efforts:  Your donation will gratefully be applied to my extensive efforts in support of our mutual cause, rest assured.  You will be able to use a credit card in making this donation on line.

Enter Donation Amount $

Donations to help with the cost of our efforts may also be mailed to Edgar Steele, PO Box 1255, Sagle, ID 83860.  Until the politically incorrect begin to get a fair shake in America, and because of unfairly-applied income tax regulations, I regret that your donation cannot legally be deducted on your tax return.  I must also make the following statement, to ensure that I need not declare it as income and pay tax on it and to avoid being charged with misuse of funds, for which some patriot leaders falsely have been charged and imprisoned:  your donation is a gift to me, personally.

Complete archive of past articles, essays, rants, interviews and speeches, including sound files, maintained at:  www.ConspiracyPenPal.com