The march continues for gold and silver.
Today I woke to something very interesting when I turned on my computer and looked at the desktop widget, ExactPrice, and saw that gold had fired up in the foreign markets overnight. Up near $1,388.00 and ounce.
Right now gold is pretty much were it was when I woke: $1,376.70.
Silver has performed more steady today than its yellow brother and is at $24.47.
The news of the jobs and inflation has not hit the market well today. Looks like the Dow is close to posting negative. Though I won’t be surprised if there isn’t a propping up of things here so that it breaks even.
Anyway, here are some links worth considering today.
Check out this chart: Gold/Bond Ratio Chart From Trader Dan
This does not bode well: JPMorgan Chase To No Longer Use MERS
Uncle Sam’s Mysterious Hoard: be sure to see the quote at the end.
Monetizing all the debt, all the time Trillion-dollar deficits don’t matter: you may not sleep well.
When Pigs Can Fly, the Devil Shivers in Hell, and 30% Gains in Western Stock Markets Will Mean Practically Nothing: from ZeroHedge [ht to Laura Gross for pointing it out]
House panel blasts TARP contracts to Fannie and Freddie I found this bit interesting and frankly a harbinger of further doom:
“According to the panel, both the companies have a profound history of corporate mismanagement and the Treasury hired them disregarding it.”