Let’s start Memorial Weekend off with a strong currency.
I’m referring to gold of course. Action so far today has been nice for the shiny currency. It’s tracking right on the desktop widget now as I type at $1,537.00 and has been higher today.
Silver has been back and forth.
Platinum, well, looks a bit odd earlier but is going strong now.
Let’s start things off with two great videos that Peter Grandich pointed out to his readership today. So am I stealing them? Well, maybe, but everyone should watch them. I at least got a good laugh.
The first is:
Peter also pointed out a post by the Financial Physician Louis Scatigna. Read his comments here and watch this:
This item from KingWorldNews makes me wonder just how much we can trust the action that went before. All I’m saying is that it’s possible that things could go much further: Rob McEwen – Once $3,000 Falls Gold will Launch Like a Rocket
Also from KingWorldNews: Stephen Leeb – Silver Should Be $150 Today <- Keep in mind that silver was China’s currency of choice for years.
Lear Capital: Is There a Plan to Confiscate Gold? <- It did happen once before in USA history.
Hourly Action In Gold From Trader Dan <- always worth a read.
Casey’s Daily Dispatch has a number of good things today: Removing Price Distortions With Gold
Interesting post that is a long read: The Return to Honest Money
Warren Buffett letter backs Meredith Whitney’s argument <- I absolutely love the conclusion drawn.