Dear Friends,

Don’t lose focus on the enormity of what has taken place. It is that unimaginable size of the socialization of the losses while privatizing by monetization the ill gotten gains from pawning off fraudulent OTC derivatives. The massive size of this disaster caused entirely by OTC derivative implosions and fraudulent valuations will function to make my gold price target of $1650 that I have held for over eight years pitifully low. Alf Fields’ next leg from the recent low to $6000 has moved to probable from simply possible.

- Consider what the junior golds holding real properties will be worth.
- Consider what RGLD will be worth.
- Consider how difficult it is now for anyone to find any investment in currencies or governments.
- Consider that gold is the only true currency because there is no liability attached to it.
- Consider that the dollar represents the largest debtor entity while the euro is not.
- Consider that all government statistics are tools of spin, therefore know the truth as below

Truth in Statistics exist only at http://www.shadowstats.com

- Growth Surges/Accelerates in Broad Money Components
- Monetary Base Up 97.5% Year/Year
- Fed Actions Begin to Kick In — For Better and Worse
- U.S. Dollar Remains Key to Markets