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Notes from JWR:
Today we welcome our newest advertiser, Uncle
Howard's. They are a builder that specializes in barns,
shops, combination house/shops and combination house/RV garages. Their designs
maximize
storage space, which is important for those that are preparedness-minded and
have a lot of logistics to store.
Their construction costs are very low. Be sure to visit their
web site.
Special thanks to reader "RK" who very kindly sent his 10
Cent Challenge subscription payment in the form of a 1/10th-ounce American
Eagle gold coin. That was very kind of you! Speaking of gold, I noticed that the
spot price of gold briefly touched $975 per ounce before settling to
$973.60 on Friday. Concurrently, the US
Dollar Index sagged below 73.70. (When I last checked, it took $1.51
to buy one Euro!) Also on Friday, the
DJIA lost 315 points (2.51%). The "Leap Day" Dow sell-off was in reaction
to AIG's huge 6.56% one day loss, blamed on, of course, subprime
mortgages.
CitiGroup lost 5.19% the same day. Be ready for more turbulence and downward
pressure in these markets. If the Dow drops
below 11,508 (its low point, in the past year), or if the USD Index drops
below 72, there could be what my friend The
Chartist Gnome calls "seemingly instantaneous
negative implications." Minimize
your dollar
exposure, folks!
I'm presently catching up on my backlog of correspondence. The following
are some recent letters and e-mails:
