Wow talking about my head turning around in circles this morning is a understatement. Gold is looking to breach 1600.00 today which I pointed out yesterday. But I didn't expect that much of a spike in silver though. Yes the day is still early in the markets but look out below.

The Hui is up 24.46 as I write and that seems to make me believe my calculation is correct. ECU meanwhile is making no progress and no news. I do not understand especialy when we look at the numbers why they wouldn't want to put up production numbers. It is like they are already clearing out the desks in the office and ready to move on.

Even speculation that AUM and ECU are already increasing production would be positive to any price change. I don't think the shorts will move one inch when we are getting no information or confirmation on Valadera. That with the Peru story is something both parties should be informing shareholders what intent both parties have. We know they got 15 million dollars. What is it being used in right now?

This comunication is like watching congress playing 10 different party games at the same time. Aren't they suppose to be working on a new budget? Yet everytime I watch any government channels on what they are doing has nothing to do with August second. No! Let's just have a Q and A day with Bernanke and company.

I will admit I was very pleased to hear Ron Paul jump in more than once in a 5 minute inquiry about fiscal policy. I love the part when he asked Bernanke if Gold was money. Of course the answer was no,even though historically it always has been. But when he asked well what about diamonds Bernakes face was priceless. Of course it's not, was his response.

Well guess what. The rest of the world doesn't seem to see things your way Big Ben. G&S will continue to go up . I will stick with my yesterdays prediction at this point to as I don't see anyway around it. But get rid of your band aids and buy more peas as President Obama says.

I think what concerns me the most is this mornings paper . Social Security checks may not be here on August 3rd. The military wont be paid and we might just go to a level down on our credit rating. That's crazy! If I don't pay my bills within 6 months I would either be bankrupt or a credit rating of 500. In which that means I never even had credit to begin with.

Why don't they have a stimulas where the Fed pays back the working class people the money they borrowed from our social security, medicaid, and retirement funds? Maybe then people could spend some money. And why do they give away all this money to other countries without getting paid back in interest? I mean if you add 10 police officers to the force the taxpayers pay for them don't they? Why should we not have the same deal with the billions we give out.

One thing is for sure. If they don't pay the elderly , military, or government workers who the heck is going to protect the government? I would think we would have quite the military to fight back. Oh yeah. By the way I love the statement by Bernanke to congressman Green that they get paid really well to come up with answers. Is he kidding me? I'd like to see his portfolio but as we all know you have plenty of places to hide money in this world. Bin Laden did as well many others.

But for all who have stayed in the game you should be safe for awhile. OOPs! I forgot doesn't newscorp keep a record on everything? Well if they can you know the government can do 10 times as much. As for what you can do to proteect yourself I heard a good answer the other day. Don't even tell yourself where you hide your money. lol. Last comment on Bernanke and Ron Paul. Someone said that they thought Ron Paul was hurt that Bernanke thought gold wasn't money. His reply? I think he will survive.