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February 11, 2010 / Hal (GT)

Thursday readings.

Right now ExactPrice is showing gold ripping up with the stock markets. In fact the other metals are following. Gold as I type is $1,093.90. If it can hold today above $1,080 I think will be happy. But to make even more happy it will have to do the same tomorrow.

That said there is an article I think worth reading and the writer points our something I’ve noticed for a while now, gold has been tracking with the S&P500.

Gold’s Mistaken Identity

But every time I look, there they are. Gold and the S&P500. Right at the same level. Minute by minute, session by session…ever nearer.

It’s a long article.

This second article from Business Week just tells me that the administration is telegraphing a rise in taxes upon the middle class, so get ready for it.

Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

Why he used the word ‘agnostic’ I don’t know. Seems an odd choice of words or perhaps that is the point. Confusion of the masses.


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