The world is saved! At least that’s the rumor.
Anyone else weary of how rumors and innuendo are driving markets and government? It’s like the investment and halls of politicians have changed position with TV Soap Operas. I hate Soaps. One bad plot after another. The stuff of brain cavities.
That’s pretty much how I feel about the current news cycle and investment reaction too it. But hey. What do I know. Not much. I’m just the kind of guy that prefers some form of solid trustworthy currency.
Gold made another attempt at resistance level $1720 today. Played around there but at the moment ExactPrice is showing it back down at $1,716.90. I’m going to be curious to see what Asia buyers do again tonight.
In the mean time here are some worthy reads.
Lear Capital: Solving Debt Crisis By Printing More Money, Buying More Gold <- Pretty much nothing has changed as the piece brings out. Government’s answer to fixing the problem of debt is more debt. Get used to it. At least until it drowns everyone.
Letter Sent to CME Chairmen and CFTC Commissioners <- Proof to me that the MF Global debacle ain’t going away.
Risk on – Everything got fixed overnight <- Looks like Trader Dan feels the same way I do about all this.
Jim Rickards Interview on King World News <- SDR’s IMF, dollar, and Roubini. Good interview worth listening too.
Gold vs the dollar as the Eurozone wilts <- I found this to be a sound piece.
Counter economic turmoil to come with gold – Williams <- good interview.