What has changed?
Overall all, I would say this was a pretty good week. Gold is stair stepping back up and looks to have a lot of buying in the 1650 range.
I keep asking myself, as the MSM types declare that we are into a recovery, what has changed from when the crisis began in 2008?
I can’t really point to anything. Debt has soared higher. Countries are still broke. And no one has given any solutions to change the course we are on.
And gold really continues to declare that nothing has changed by its current price level.
There did seem to be an attack just before COMEX closed at 1:30 and as Caesar Bryan notes today on King World News there was a Suspicious $1.5 Billion Gold Dump.
Next week will be here in no time and with all of Europe on the ropes, I don’t think that anything has changed around the world except that more and more people are realizing that their governments are out of control with spending.
Here’s a great example from two years ago that nothing has changed: