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April 19, 2011 / Hal (GT)

Gold dips toe in $1,500 pool.


It was brief. Very brief today. Not unlike a joyful child dipping their big toe in the pool water. But here you go: Gold Tops $1,500 on Outlook for Escalating U.S. Debt, Dollar.

Apparently it happened while I was lunch with someone important. Had I not been wrapped up in listening and conversation I would have had my mobile phone open and looking at http://www.learcapital.com/mobile

Silver just blew through $44 as I was typing and watching with Exact Price on my desktop.  Gold right now = $1,496.30.

I’ve a couple of things worth reading today. This first one came to me via a RT on twitter from @HedgeHogTrader (great source) of @TonyRobbins who shared this article from Matt Taibbi. And frankly it confirms to me that our culture is on the ropes and we are in for further financial troubles if our government is handling money this way:

Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs?

Food prices are moving to a new and higher plateau – from Trader Dan.

Lear Capital: Volatile Markets Send Gold and Silver Lower – But not for Long! – I get the impression we can expect more of the same.

Silver moving higher on mediocre volume – More from Trader Dan and worth considering.

BRICS make move to shove dollar aside – and the news of BRICS continues.

Be Your Own Central Bank; Own Gold, Silver: Marc Faber – from Ed Steer today and packed with great info.

U.S. TAXPAYERS TO BAILOUT PORTUGAL THROUGH INTERNATIONAL MONETARY FUND – via @divadoll123

Standard & Poor’s Hacks Downgrade…America! – from Rick’s Ackerman.

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