---
title: "Saturday Goldbugs"
url: https://independentstockanalysis.com/saturday-goldbugs/
description: "QE3 sounds unlikely at this month’s Fed meeting: WSJ It’ll be papered over alert: The Social Security Trust Fund projects average yields for their…"
published: 2012-07-07
updated: 2012-07-07
---

# Saturday Goldbugs

Published 2012-07-07

Posted on

by

J.J. Butler

QE3 sounds unlikely at this month’s Fed meeting: [WSJ](http://blogs.wsj.com/economics/2012/07/06/economists-react-how-likely-is-qe3-following-jobs-data/)

It’ll be papered over alert: The Social Security Trust Fund projects average yields for their Treasury’s of 4%, while rolling them over at a bit over 1%. [Bruce Krasting](http://brucekrasting.blogspot.com/2012/07/bernanke-my-goal-is-to-destroy-social.html)

Devaluing the Pound Isn’t a Solution, It’s Default yet they’ll do so anyway: [Bloomberg](http://www.bloomberg.com/news/2012-07-04/devaluing-the-pound-isn-t-a-solution-it-s-default.html).

“The economy created just 80,000 jobs in June… 85,000 workers left the workforce entirely to enroll in the Social Security Disability Insurance program…” **WOW!** [IBD](http://news.investors.com/article/617233/201207060945/disability-climbs-faster-than-jobs-under-obama.htm)

*Why Gold*? [Mises](http://mises.org/daily/6088/Why-Gold)

Gold mining stocks opportunity at [Forbes](http://www.forbes.com/sites/realspin/2012/07/02/gold-mining-stocks-are-an-increasingly-attractive-opportunity/).

Ginormous gold mining info graph: [Visual Capitalist](http://www.visualcapitalist.com/portfolio/gold-series-mining-supply-part-2)

Nevada: The Next American Gold Rush at [Visual Capitalist](http://www.visualcapitalist.com/portfolio/nevada-the-next-american-gold-rush)

Chartology: Gold Price Near Important Resistance at [See It Market](http://www.seeitmarket.com/chartology-gold-price-near-important-resistance/).

Chartology: Silver Bounces Off Critical Support also at [See It Market](http://www.seeitmarket.com/chartology-silver-bounces-off-critical-support/).