Excerpts from The Hat Trick Letter today; J. Willie (Goldseek.com):

The entire world, evidence seen in the G-20 Meetings, is actively pursing an alternative to the US$ as the global reserve currency. While they diddle and dither, gold has taken up the slack within the vast void from inaction. Gold demand is on an accelerated rise for physical investment. Coin and bar shortages are almost everywhere, and gold mine output is on a worsening decline. Awareness has grown robustly about the incredible duplicity of fraud laced in many Exchange Traded Funds for gold & silver investment. Europe without question must first find a solution, and much progress has come. The quest for a monetary structural solution can be best seen in viewing the pathetic IMF SDR concept for its lack of solution, versus the innovative aggressive plan of the New Euro currency…

My belief is that any new widely used gold-backed (or hard asset) currency embraced by the major nations of the world will act as a Dollar Killer, and usher the United States into the Third World. The linchpin is usage of the New Nordic Euro for crude oil sales, a requirement as part of an alliance with OPEC. It is scheduled for later. Imagine the USEconomy fretfully buying New Nordic Euros so it can fetch crude oil, foreign cars, or nifty home electronics. The USDollar would descend each and every month in value. Eventually the United States would adopt the Nordic Euro, but only after tremendous damage, huge asset losses, and much more lost power & prestige…

My sources tell of Russia working closely with the designers toward the foundation of the New Nordic Euro, in commodity supply guarantees. Rumors are swirling that the new hard asset currency might have not only a gold component, but a crude oil component as well, maybe even an industrial metal component…

The most significant and earth changing has been the recognition of Gold as a reserve asset alternative, not for commerce, but for foreign reserves asset management. Wealth is scrambling to find security, under siege. As the USDollar and Euro currency have undergone extreme shocks and have withstood the aftermath of stimulus, rescue, and nationalization, with all the attendant shame, Gold has emerged as nobody's counter-party risk, an asset free from debt. The gold rise continues to be resisted by illicit (if not illegal) methods, with naked shorting by the Big Four Banks. Consider the June Gold Call Options as they came due to expire three weeks ago. In predictable but corruptible fashion, vast naked short sales arrived just in time to ruin the value of call options whose predominant strike price was $1200 per oz. The CFTC and its commission Gary Gensler, true to form and loyal to the syndicate they serve, remained asleep at the wheel despite feisty independent cat calls out the window. Ditto for the Silver Call Options due to expire this week, as the silver price has suddenly fallen by $1.00/oz in three days, just enough to ruin more call options held by the idealists among us…

Individual investors should regard the stock market behavior as evidence of wreckage steeped with great deception. No nominal gains have been registered in ten years, which means a loss in purchase power is compounded at 5% to 7% per year. Almost no real gains have been registered in 40 years. Since 2001, gold has more than quadrupled in price, almost quintupled, while shills and sheisters ply their trade on Wall Street to denigrate it. The propaganda is unending by Wall Street and the USGovt about the nettlesome nature of gold. It pays no yield? Of course it does. Ask Warren Buffet, who earned gains from writing options on silver until he misjudged the rise, was called away, and lied to shareholders about selling too early. Some total knuckleheads actually claim that gold has not kept pace against inflation. They must not comprehend its 400+% gains in the last decade. Wake up, Karl!! In fact, they must be certified morons or genuine paid shills. Gold will continue to outperform all assets, since their trading activity is too deeply intertwined with the currencies and their national debts.