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Provident Metals


Market Correction - Worst one-day loss since December 2008

Crisis Averted? - What's wrong with the debt ceiling deal

Triple A Credit Rating at Stake. - U.S. economic growth forecast

Italy - Eurozone's 3rd largest economy, being sucked into the debt crisis

The Impact - What consumers should know about inflation

Words of Wisdom

"I could end the deficit in 5 minutes. You just pass a law that says that any time there's a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election."
Warren Buffett

"Officials still can’t say what happened to $6.6 billion that was sent to Iraq for reconstruction. That’s money we could have wasted and mismanaged right here at home."
Jay Leno

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Market Recap

US Dollar - The US Dollar began the month of July at .6891 and ended the month up a bit to .6957.

Gold - Spot gold opened July around $1483 and ended the month UP 9% to $1623.

Silver - Spot silver opened the month of July at $33.85 and finished at 39.31, UP 16%.

Platinum - Spot platinum opened at $1708 and closed July at $1798, UP 5%.

Palladium - Spot palladium began July at $750.00 and finished the month UP 10% to $824.00.

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Noteworthy News

American Silver Eagles - On pace to break the all-time record

U.S. Debt = 100% of GDP - Debt exceeds economy for the first time since 1947

Will the FED react? - The next recession


Pre-33 GoldCollect or invest in rare gold coins minted in the U.S. prior to 1933!!!

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