Wednesday April 4, 2012 6:50 AM CST
As we showed last evening the Dollar is the market that is rallying. This morning gold is down about $44 or 2.7%. I entred more orders in lower succession for Central Fund, a fund of gold and silver bullion held in Canada.
All western democracies are not General Motors, no matter what the politicians say. None of them can ever pay off the debts they have accumulated, nor do they intend to do so. Eventually gold and silver will go much higher.
A short term double top forms resistance at 22.2, the short term uptrend will break when the markets open this morning. The hard part here is grasping that this pullback in price is an investing opportunity.
Let's Play Jeopardy
Who made this comment?
Our banks earn profits too easily, banks have a monopoly. To break the monopoly we must allow private capital to flow into the finance sector.
Answer - If you guessed Ben Bernanke, you were wrong, it is Chinese Premier Wen Jiabao
the great irony is that China is pushing for more diversity among its banks while we are still trying to bail out our monopolistic big banks.
the chinese communists are the world's best capitalists