Weekend cinema & library

Video

MaxKeiserTV: Why don't Greece, Spain float their income-producing assets? (July 8)

Minyanville: Are you smarter than a Wall Streeter (July 8)

James Dines: Now predicts silver to reach $300-$500 an ounce (July 8)

Alex Jones: Bob Chapman interview (July 8)

Alex Jones: Top Mexican drug dealer says US Gov gave them guns (July 8)

Vlogs

VictoryIndependence: Operation QE3 is a go! Unemployment report a disaster (July 8)

visionvictory: Gold goes vertical, unemployment, random check points (July 8)

SGTbull07: Jeff Nielsen on new Pan Asian Gold Exchange: Game changer? (July 8)

silverfuturist: $300 silver but when? (July 8)

morganslv: Silver holding @ 36+ (July 8)

george4title: Woman faces 90 days in jail for planting garden (July 8)

ScrapGoldBusiness: Retiring on welfare? (July 8)

zen5678: Castastrophe: When the dollar crashes (July 8)

PastorDowell: Silver update, keep stackin friends (June 28)

PastorDowell: Silver update advice for you (Apr 19)

PastorDowell: Never give up your guns! (Feb 22)

theeastwatch: Time to sell silver (Apr 19)

Reports & Blogs

Simon Black: Congress wants automatic wage deductions to pay down the debt (July 8)

Commodity Online: India to import 350 tons of gold, 1,200 tons of silver (July 7)

CNBC: Common politics muddy waters in rare earth discovery (July 6)

Jim Powell: Meeting the critical metals demand (June 28)

Wednesday midnight library & cinema

Sitar Library

9:18 pm (Hawaii) Another huge run for silver and gold, two days in a row following a three-day weekend. I didn't touch a thing, still mostly in cash with a bit of DGP and a growing stack of physical. Turd Ferguson warns against overexcitement, noting that the CME mafia often kneecaps the spot market 24 hours before jobs reports (due Friday).

This range between 33 and 39 can be unnerving if you have no plan. My plan is to ride it out with as much dry powder at my side as possible and load up gradually as the doldrums of summer cease. Patience is golden. If I've missed the boat, I've missed the boat. My favorite miners, XG and EXK, made huge gains again and topped my Metals list. It's not a lack of faith in their business models and potential. I am just another trader who is cautious about blatant manipulation by the CME mafia. I can wait. And wait.

Reports & Blogs

Gary North: Restoring liberty with three short laws (July 7 2011)

Andrew Maguire: This will destroy gold, silver shorts (July 6 2011)

Turd Ferguson: Putting the 'fraud' in fraudulent (July 6 2011)

Zero Hedge: Coming 'New World Order' revolution (July 6 2011)

Star-Advertiser: Mineral-rich ocean mud stirs environmental fears (July 6 2011)

James Turk: Commencement of QE3 to send Dollar into oblivion (July 5 2011)

Robert Wiegand: Gold to be confiscated at $2,000 (Feb 19 2011)

Video

Jim Comiskey: Daily market insights - metals (July 6 2011)

george4title: Charlie Veitch: U-turn on conspiracies and 9/11 (July 6 2011)

george4vlogging: The system is breaking down before our eyes (July 6 2011)

David Morgan: Striking a silver proof coin, Old Glory Mint (July 6 2011)

silverfuturist: Silver up! Marc Faber on kneecapping (July 6 2011)

endlessmountain: The silver log - market stages (July 6 2011)

James Turk: Claus Vogt interview (July 4 2011)

Roger Wiegand: Gold, silver confiscation interview (Feb 16 2011)

Rare earth Thursday

5:23 am (Hawaii) This week's bull run continues. DJ up 142 points (+1.1%) to 12,404. Nas up 30 points (+1.1%) to 2,771. S&P up 12.25 points (+0.9%) to 1,319. Metals list is 47% green, 48% red, 5% neutral. Rare earths are tearing higher. MCP (+6.6) is up $3.76 to 60.78. It was at 52 last week, dipping on news of major insider sales. REE is up 6.1% to 11.14. AVL is higher by 5.8% to 6.89.

The rest of the metals are up fractionally, none more than 1.5% with a few exceptions like CU, COPX, SVM, XME.

XG (+1.3%) and GDXJ (+1.2%) have decent gains so far. It smells like the run is petering out.

My Regular watch list is 68% green, 32% red. Ford (+3.5%), TSO (+3.2%) and RLOC (+2.7%) are among the leaders. Is this the end of the end-of-month window dressing? Tomorrow is July 1, so we'll find out soon enough. Today's supposed to mark the end of QE2, but all signs point to almost no fear of a prolonged hiatus until QE3. It appears improbable, even impossible, for the Fed to rule out the option of printing more dollars. There is no tangible alternative on the table, nor the political will to truly explore a cure for the ailing system.

Is the American public willing to take the medicine necessary? Are the powers that be willing to go down so we can transition to a new system? Of course not, not when it means losing billions of dollars. But the lie can't last forever.

Update 5:43 am (Hawaii) Financials are up across the board. SCGLY (+3.1%), NBG (+2.9%), BBVA (+2.7%), STD (+2.4%), DB (+1.6%) showing strength across the Eurozone. JPM, C, GS up fractionally. BAC down 1.2% on bad news yesterday. IRE down 1.8%. Finnies basically leading the run this week.

Raquel Welch

Wednesday Night Quiet Time (updated)

University of British Columbia Library

10:09 am (Hawaii) Opened a small position in FAZ (again) at 48.28 before the bell. I've had positions in the past month, but missed the ride to 52. I don't expect 52 overnight, but it's coming. There's no catalyst for the market until earnings, and on the downside, the end of QE2 is roughly a week away. Sure, QE3 or whatever its code name is could arrive any time, but as Helicopter Ben indicated today, the Fed is rushing neither to raise interest rates nor implement drastic action. All that really came out today from his speech is that he's narrowing his focus a bit on inflation.

Short term, that's bad news for the banksters. Greece may be leading the way toward austerity in Europe, small and limpish as it is in scope. Austerity is bad for banksters. Even QE3 won't save them long term. It's a matter of not if, but when.

Charles Hugh Smith: 'Growing your way out of debt' is a fantasy (June 22 2011)
Economic Collapse: National debt (June 22 2011)
Bill Gross: School Daze (June 22 2011)

(video) Wall St for Main St: Jon Hykawy rare earths interview (June 21 2011)

RT: Netherlands mint scannable coins (June 22 2011)
100 years Mint Building Coin 2011
• A scannable coin in 3D by the Netherlands
(video) Multiple view, Herdenkingsmunt 100 jaar Muntgebouw (June 21 2011)
KNM.nl: 100 jarr Muntgebouw Vijfje Zilver Proof
• Is this .999 silver?
Harvey Organ: Another massive drain of silver from vaults (June 22 2011)
• "The bankers are getting a little nervous. ... It looks like there will be a raid tomorrow."
(audio) Peter Schiff: Fed Reserve is buying all bonds and then some (June 22 2011)
(video) Ron Paul: 'We should have come home a long time ago' (June 22 2011)
(video) David Stockman: This was Bernanke's swan song (June 22 2011)
• This guy is riling up the banksters. He leaves no stone unturned in pointing out the corrupt.
Ivory Johnson: The Greek tragedy of debt (June 22 2011)
The Telegraph: Allied Irish Bank has 'defaulted' says derivatives body (June 22 2011)
John Embry: Western Central Banks don't have 30,000 tons of gold (June 22 2011)
Turd Ferguson: The Big 4 (June 22 2011)
• Sensei Turd's look early in the morning
Peter Schiff: US set to default, silver headed to $200 (June 22 2011)
Daily Bell: Federal Reserve 'embeds' employees in banks (June 22 2011)
Ron Paul: Strange definitions of war and peace (June 21 2011)
(video) Silverfuturist: New SLA general - Davincij15 (June 21 2011)
(video) stellaconcepts: New Pamp Suisse silver + giveaway (June 21 2011)
(video) Israel TV: Niall Ferguson, Casesarea Forum (June 20 2011)
Ralph Benko: The emerging new monetarism: Gold convertability to save the euro (June 13 2011)

Monday Night Library & Theater

AFP: Oceans in distress foreshadow mass extincion (June 21 2011)
Frank Holmes (US Global Investors): Is Gold about to have its status upgraded (June 20 2011)

CNN: Greece prepares to sell off state assets to get loans (June 20 2011)

Reuters: Credit union regulator sues JP Morgan, RBS (June 20 2011)

Bloomberg: Goldman Sachs fined by ICE Exchange for 'disorderly trading' (June 20 2011)

Minyanville: Is tellurium the new gold? (June 20 2011)

Adrian Ash: Exploding six 'gold bubble' myths (June 20 2011)

Jason Hommel: Real silver still legal! (June 20 2011)

GPO.gov: Dodd-Frank Wall Street Reform and Consumer Protection Act

Greeley Gazette: Nebraska nuclear plant not in danger (June 20 2011)

(audio) Bob Chapman: If Greece goes down, the whole world could go with it (June 19 2011)
• Touching on Japan habitability and banksters' book-cooking in Euro zone. US banksters are on the hook for $120 billion (credit default swaps on Euro banks).

(video) CPM Group: Silver yearbook 2011 (part 1) (June 16 2011)
• If you can believe Jeff Christian, CPM believes silver will plod along this summer. (Christian had previously forecasted silver at $26/oz.) They believe silver will start running after summer.

(video) NTDTV: Quiet Mongols' explosive anger (June 2 2011)
• The protests that are rarely reported globally over coal mining and destruction of the environment, farmland, cemetaries.

(video) Royal Silver Co: Blue-throated Macaw peek (silver round) (June 9 2011)
(video) Royal Silver Co: Plant tour (Mar 26 2011)
(video) Buchan Bull Bullion: Palladium background, history, economics (Jan 19 2011)
(video) David Morgan: Silver and gold bar testing (Nov 18 2010)
(video) Michael Riveros: Gold bars with tungsten cores (Aug 27 2010)
(video) Wall St for Main St: Molycorp: Why it's extremely undervalued and best of breed (Aug 12 2010)
• This guy was pounding the table for MCP when it was below $15. He was right, right, right.
(video) Bob Chapman: Tungsten-plated gold bars scandal (Mar 8 2010)

Rare, indeed

11:22 am (Hawaii) Rare earth plays looked strong today. Good moves to the upside on increased volume. Nothing in this market is moving with mass volume and momentum, but these guys are not just well off their highs, but are going to continue in the long term to be solid even in a down economy due to their status in electronics, technology. Defense weapons. Batteries. Plus, China supposedly is home to 95% 97% of the planet's rare earths. The biggest advantage may be this: rare earths are NOT manipulated by the banksters. As of now, there is no exchange-traded puppetry of rare earths. I doubt the Chinese would go for that — backing an American bankster mafia exchange with their rare earths.

How long until Hang Seng or Shanghai open their own RARE EARTH COMMODITY EXCHANGE? I say there's one by January 1, 2012.

A look at MCP: 3-month chart and 1-year. Huge gain since IPO.

A look at smaller rare earth plays AVL and REE:

Wikipedia: Rare earth element

Barron's: Molycorp jumps as analysts heap on praise (June 20 2011)

Barron's: Molycorp's CEO's $8.9 million sale (June 20 2011)

Reuters: Molycorp sees Sumitomo deal closing by September (June 20 2011)

Seeking Alpha/Dr. Duru: Chinese academic's rare earth forecasts at odds with experts (June 20 2011)

(video) CNTV: Restructuring China's rare earth industry (June 20 2011)

China Daily: Rare earth supplies expected to grow (June 16 2011)

(video) BBC: Rare earths mining: China's 21st century gold rush (June 16 2011)

Jeb Handwerger: Why China's rare earth exports really matter (June 7 2011)

Seeking Alpha/Engineer Broker: Molycorp target is $472, 2H 2013 (May 31 2011)

Wall Street Journal: China rare earth exports rise (May 21 2011)

BBC: China expands export quotas of rare earth metals (May 19 2011)

Wall Street Journal: A warning on rare earth elements by GS (May 6 2011)

Jack Lifton: In Xanadu, did GS decree a rare earths surplus? (May 6 2011)

Alacra Pulse: JP Morgan's Michael Gambardella raises MCP target to $74 (Mar 29 2011)

Reuters: China rare earth prices explode as export volumes collapse (Mar 22 2011)

The Telegraph: Rare earths: Why China is cutting exports crucial to Western technologies (Mar 19 2011)

Reuters: China to tighten limits on rare earth exports (Dec 29 2010)

Seeking Alpha: Rare earth metals not so rare but valuable (Nov 4 2008)

Inner Mongolia