Troubles multiply.

Separatist movements gain strength.

The separatist Quebec Party gained strength in Canada. The Basque and Catalunian parties as well as the Scottish separatists are waiting. Quebec separatists are always waiting in the wings. The ETA has given up violence and can now run for office. The Basques can now collect their taxes and the Catalans want the same right. Without revenues from Catalonia, Spain will have even more troubles.

Spanish banks
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A lot of money has been withdrawn from Spanish banks and the Spanish govt is aiding its banks against EU rules.  What choice did the ECB have? None, if it wanted Spain in the EU.

Draghi's announcement Thursday was greeted with enthusiasm. The ECB will buy sovereign bonds and there is really no limit on how much. QE to infinity.

Jobless numbers in US.

The jobless numbers came out yesterday. They were devastating for the Obama regime. Firs, July's numbers were adjusted downward and August's new jobs is less than 100,000; a number that will undoubtedly revised next month.

Precious metals market responds by confirming Larry's numbers.

Gold reached 1742 and settled at 1740 for the week. Silver settled at 33.69. The Dollar index lost .95 and ended the week at just above 80. The Market is obviously expecting QE3, because Bernanke warned that the FED will take action if the economy is week and it is.

Where are the numbers heading? An interim number for gold is 2060 and for silver 49.