<html><body><div style="font-family: Arial; font-size: 12pt; color: #000000"><div><br></div><div style="color:#000;font-weight:normal;font-style:normal;text-decoration:none;font-family:Helvetica,Arial,sans-serif;font-size:12pt;"><div style="font-family: Arial; font-size: 12pt; color: #000000"><br><div><span style="font-size: 12pt;">I received a huge birthday present today, June 3. Gold finally rallied.</span></div><div style="color:#000;font-weight:normal;font-style:normal;text-decoration:none;font-family:Helvetica,Arial,sans-serif;font-size:12pt;"><div style="font-family: Arial; font-size: 12pt; color: #000000"><div><br></div><div>I hold gold in my portfolio. It's been quite a wait.</div><div><br></div><div>After 7-8 years of quantitative easing during which the Federal Reserve Bank <em>quadrupled</em> money supply, and during which interest rates were brought down to <em>almost zero</em>, and during which the Fed and the U.S Treasury cooked up a host of other <em>wacky</em> strategies, i.e., qualitative easing, credit easing, money printing or monetary financing, alternating debt maturity structure, and "helicopter" money, it's becoming apparent that every single one of these too-big-to-fail strategies that sought to bailout the banksters, have all failed. </div><div><br></div><div><a href="http://www.fool.com/investing/2016/06/03/gold-rally-sends-these-gold-stocks-up-double-digit.aspx" target="_blank">http://www.fool.com/investing/2016/06/03/gold-rally-sends-these-gold-stocks-up-double-digit.aspx</a></div><div><br></div><div>Our economy is now officially stalled. Goodbye paper assets. Hello hard assets.</div><div><br></div><div>Let's see if this gold rally continues. BTW, I'm 64-years old today. I share a birthday with Jefferson Davis, Raul Castro, Anderson Cooper, Rafael Nadal, Tony Curtis, Chuck Barris, Walter Haut, Curtis Mayfield, Josephine Baker, and Allen Ginsburg. In the mid-1970s, I met Ginsberg on our birthday in Baltimore at the Maryland Institute of Art. I hugged him and we chanted as Ginsberg played the harmonium. </div></div></div><br></div></div><div><br></div></div></body></html>