Gold volatility continues.
We are in the swing of things and bull is bucking today. Gold went up over night as I look at the graph in the ExactPrice app. But it has since been hammered back down and then some. Silver with it.
We are in a volatile market right now and things are consolidating, but most still see a bull trend in the long term.
I’m only going to leave you with one link to read today, mostly because I like what David Engstrom had to write.
Here’s a snippet:
Today, reports abound saying we are in recovery. And to what do we attribute this miracle? You got it! RISING DEBT! Our Federal Government is bursting with more than $14 trillion of debt as it attempts to borrow our way out of a credit crisis.
It’s financial insanity to acknowledge debt burst the dotcom bubble, the tech bubble, the real estate bubble, the market bubble, then believe more debt can re-inflate all of those bubbles and the economy. It’s like trying to bail out a ship from the bottom of the ocean.
Click over and read the full thing. It’s short.