| Dear Reader, First, let me congratulate Tim and his new bride as they honeymoon in Mexico. Thank you for the emails I have received after my summer absence. The last couple days have seen some wild activity in the grains and energies as well as some action in the indices and the treasuries. We will look at each of these markets more in detail in just a minute. While we can't really compare our current leader to Nero, if he played a fiddle we could. I am not sure if that would be fair to either Nero or Barry but one thing is for certain, neither seemed to be too concerned about what is happening in respective countries while they were seeking entertainment for themselves whether it be fiddling or golfing. The durable goods numbers dropped 7.3% which certainly has not been an inspiration for traders who seem to be seeking some home for their hard earned dollars. And it isn't just them. It seems the Asian central banks are looking to repatriate their gold holdings from around the world. With the public demand for gold as well as Germany and Switzerland demanding the return of their gold from the Fed, it stands to reason why we have been seeing some strong movement in the precious metals. What is it, we may ask ourselves, inspiring the Asians, Germans, and the Swiss to request their gold be returned to them and redeeming their gold from ETFs reportedly while both China and Japan are selling/redeeming significant amounts of treasuries? What do they know that we are not being told? Apparently something to keep from seeing bank runs here in the US. Several banks would suffer dramatically and four of the largest in the US could experience some real difficulty. It seems Moody's is already reviewing the current rating for four mega banks including JP Morgan, Goldman Sachs, Wells Fargo, and Morgan Stanley. If we listen very carefully, we can hear Generous Ben muttering to himself as he conjures $85b plus per month and Barry and the whistle of his golf clubs as he does not rest until every American who wants a job can apply to be his caddy. Ben does not seem to recognize inflation and what it is doing to the real backbone of our economy, the middle class wage earner. Barry is willing to spend many millions not just for another vacation, but to kill some of those nasty Syrians who may have used particularly distasteful weapons on their own people killing 355 people while Chicago has apparently hit the 500 mark for murders just this year. One has to wonder if Barry will be sending war ships into Lake Michigan to deal with those Chicagoans his pal, the major, can't seem to get to heel. Well what does all this have to do with the markets and our trading, you ask? Plenty. The wreckless and irresponsible money policies of Ben and the inept, corrupt, and betrayal of the fiduciary responsibilities of the current president impact what the market we are investing does. They are influencing the current value and future value of our investments through taxation, incredible stupid laws, hiring folks who are equally incompetent, lying to the public about their involvement and their ability to deal with global issues, and perhaps involving us in yet another conflict where we have no consititutional right to be. Without congress approving, we are not to go and depose a leader in Libya nor Iran, and certainly not Syria. If we, even for a moment, believe the actions of these village idiots has no impact on our investments, perhaps we should just take a look at crude oil prices, which we will shortly. With a price reaching $112.24 today, maybe we should be rethink the whole idea that DC doesn't impact trading or our portfolios. There is a reason why gold is pushing so hard to the upside and oil is rising so fast. It is because we have mental midgets making the decisions that just about any suburban 16 year old would be embarrassed to admit to. Few have had the benefit, if it is one, of inheriting great wealth. For nearly all of us, we have had to work for decades to accumulate what we have even while carrying the moochers and parasites. Just as a ship occassionally has to get the hull scraped, so does a culture such as ours. Waiting and wondering and hoping for the plan of this regime to improve America could be a long wait. Nothing has improved for the majority of Americans and the trajectory we are on doesn't seem show promise for a brighter future either. What good does it do to have a stock market pushed up artificially when at some point much of the gains are just going to have to go to taxes to service the nations interest and principle of our growing debt? The culture of corruption and lack of accountability has allowed this regime to create and environment that through silence and the apparent turning of blind eyes which ultimately has become so far away from the America you and I grew up in. Government agencies that use the beloved IRS to interfere with the historic traditions and functions of our elections, the NSA to spy on virtually every phone call and then to find out this very agency has employees who are using their access to spy on former spouses and people they just have a hankering to screw around with. These people are the lowest forms of trash America has to offer. When they are rooted out, they should be publicly flogged, tarred & feathered, and shunned by the American public for their betrayal. Unless and until these kinds of people no longer can make policy decisions for the public, what we are seeing these days will continue. If this does continue, we will see a brain drain and a financial drain as the brighter folks and the wealthy move to Canada, Europe, Asia, Australia, New Zealand, or to some other location where they are allowed to enjoy the fruits of their labors and the benefits of the application of the minds they have been blessed with. We will be left with more and more of the dumb and the lazy, which seems to be a little over half the voters right now. | 
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