Why Investing In Gold Is An Illuminati Trap

There are a lot of “why you should buy silver instead of gold” advocates out there, but this blog Why Investing In Gold Is An Illuminati Trap is, well, in a league of its own:

Welcome to The Patriots Cave, I am Joel the K. And yes, that is correct, the Illuminati wants you to waste your money on gold. Gold coins, gold bullion, gold stamps and gold of every sort. …

This is what I believe the NWO is planning to do with gold. They will scare the middle and upper class into sinking their money in gold, and then they will pull the rug out from under it all. Gold will plummet as panic selling ensues. Gold will fall to under $300/ounce. And then people will realize, that like diamonds, gold too, is just something pretty to look at, and that it has very little inherent value.

So say I am correct in my speculation. What then would be the smart move? Oh that is easy when you think with your instinct and intuition. SILVER. Silver will become worth MORE than gold. Mark my words. Brethren and sistren, for over 6,000 years silver was like gold, a pretty metal to make jewelry and spoons out of, and coins and bullion bars. However, in the last few decades, silver has been found to possess qualities unlike any other metal. Silver is now being used to make computers, electrical appliances, medicine, cars, planes, boats, machines, and millions of other things.

Investors Continue Focus On Earnings

U.S. stocks surged last week following yet another strong batch of earnings.

Earnings results from heavy weights such as Caterpillar (CAT), 3M (MMM), UPS (UPS) and AT&T (T) all topped earnings estimates and raised their outlooks.

Some economists pointed to data that seemed to show some weakness. Weekly jobless claims jumped, but it may have been due to seasonal factors.

The markets have been trying to sort out all the data and it seems that for now investors have decided that the positive corporate earnings from so many sectors do not indicate a slowdown in the economic recovery. And even if there is some weak elements, those are not affecting companies’ profits in general.

For the week the S&P 500 index was up nearly 3%.

Economic Events on July 26, 2010

At 10:00 AM EDT, the New Home Sales report for June will be released.  The consensus is that 310,000 new homes were sold last month, which would be an increase of 10,000 from May, which was the lowest level on record.

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