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May 28, 2010 / Hal (GT)

News on my desk today.


Gold was interesting today. Over night there was an attempt to run up but the morning found a push back down but after that it moved pretty much sideways in the $1,210 range for a long while as the stock market posted some major gains after it’s major losses. Which brings me to the first several links that I’ve come across.

Hourly Action In Gold From Trader Dan – Dan covers some of the market action today and gives a great run down on the gold action.

From Dow Under 10,000 To ES Over 1,100 In One Easy Step… And No Volume – This is a must read from Zero Hedge.

Thanks to MikeCane on twitter for forwarding me these item:

US money supply plunges at 1930s pace as Obama eyes fresh stimulus – Does that sound like a good street sign to you?

Is Europe heading for a meltdown? – Kind of scary to consider that they AREN’T there yet.

This post from Peter Grandich is a must read on gold action this week. It explains an awful lot:

Bill Murphy’s Latest Newsletter Says it All Regarding Option Expiration.


Are you keeping an eye on the precious metals spots on your desktop computer in real time? You can do it for free withExactPrice. And when you’re away from your computer you can do it with your mobile too.


Check out this from Jim Sinclair:

How Money Works – I so want a milk crate full of gold.

It is amazing, but the total amount of gold in the world is a surprisingly small quantity. Here’s how you can calculate the total amount that is available.

This video I found via Zero Hedge and it a must watch:

This item from Mish’s Global Economic Trends Analysis:

No Progress in Weekly Unemployment Claims for Five Months

Another item for you from MineWeb:

Gold rising in all currencies sign of distrust – Groh

Doug Groh of the Tocqueville Gold Fund reckons gold rising in all currencies is a reflection of the concern and distrust for central bank authorities, political authorities and what’s going in the world. Interview with The Gold Report.

Finally this post from Eric Harding is a must read, though it may really just scare you like all get out:

A 27,181% explosion of our national debt in the last six months! – That’s right. That number is Twenty Seven thousand One Hundred Eight One Percent in the last six months! That’s CRAZY!!

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