This is a great video showing how the government has taking money from it's citizens through issuing certificates.




Right now the free ExactPrice app is showing gold at $1,055.40 and silver at $17.51. The commodities are taking a bit of hit today it seems because of poor housing data and the like driving people into the dollar. My guess they'll go into the dollar, gold will contract a bit and then see higher ground as people take those dollars and put them into hard assets.

Real quick. I saw this just a moment ago and thought it highly worth posting for others. It's been my feeling for over a year now that China would be doing everything they could to shed their holdings of the US Dollar. In my opinion they have been doing just that by using those dollars to buy hard assets like land, mining companies, other business, and of course gold. Don't forget that Hong Kong has called back all their physical holdings of gold in London banks.

Add all that to this bit of news on Jutia Group:

China May Ban Gold and Silver Exports

Right now, looking at the free real time widget, ExactPrice, gold is trading at $1,011.90. It really looks like $1k is now the support level.

I've got a few links I think everyone should think about looking at in relation to investing and that precious metal, gold. Add to that silver, which tracks with it and some believe will out perform gold percentage wise in the long term because of it's commercial uses as well as it's monetary use.

If you've been following gold and silver over the last month and checking out the charts then you know there's a pennant formation going on and a consolidation where gold has been range bound around $950 and silver around $14.50.

It's drawing a lot of looks from a great many investors because it the feel is that there will either be a big reaction either to the negative side and a major sell off or their will be a big move to the upside. This is more likely for gold as silver is also an industrial meta.

My opinion has been for the last month, and it's just that, my opinion, is that we will likely see a sudden drop where there will be an opportunity to buy and then gold and silver will take off and for gold the $1000 price point will be crossed again and a new higher low will set up.

Right now, looking at the real time widget, ExactPrice, gold is at $950.20 as I type. It spiked up to $955.90 earlier in a sudden spike and then has fallen off just as suddenly. Same for silver.

Here are a list of articles that I think are must reads:

If your read only one, read this: The Shell Game - How the Federal Reserve is Monetizing Debt.

I don't know that we will see $5,000 gold, though I do think there's that possiblity given enough time, but this a worthy read: Will Gold reach $5000 plus?

Could Gold Confiscation Happen Again? The answer=You bet.

Finally: The Metastasis of Moral Hazard and its Effect on Gold.

Here's the opening paragraph from that last link that will draw your attention, I'm betting:

To those who study the numbers, it is now obvious that America’s fiscal situation is hopeless. Given the country’s current debt and unfunded liabilities of $75,000,000,000,000, an amount growing by at least $5,000,000,000,000 per year, it will be statistically impossible for the United States to pay its obligations unless it repudiates them in large measure, or the dollar is sacrificed on the altar of searing, society-altering inflation.

I'm watching all the action on the DOW and from around the world and I have to say I find it all very interesting. Not to sound too dramatice but I feel like things are teetering.

Add to that the political climate over health care, TALF, TARP, defict spending, jobs, and housing and... well, one could easily slip into a bit of bleak look.

So I guess I'm not the only one pondering all this. I came across a couple of article mentions via twitter and some financial sites I follow.

I figure I'll pass them on to you to read too.

WHAT THE GOVERNMENT REALLY SAID ABOUT US HOUSING

by John Crudelle.

HERE'S a riddle: How many electricians, carpenters and painters does it take to build a seasonally-adjusted single-family home?

I'm waiting. Take a guess!

I figure that's enough of a taste to get you to jump over.

Now check out:

Green Shoots Wither As Gold Grows a New Set of Legs

By Graham Summers

Consider that:

• 34 million Americans are on food stamps
• 18% of incomes coming from an already broke government
• Seven million people will run out of unemployment insurance by Christmas (add their families and you have 13 million folks becoming destitute)
• Tax receipts are at their lowest levels since 1932
• 32 states have budget problems ($121 billion in total deficits) and the Federal Government is running a $2 trillion deficit
• Civil unrest growing: National Guard May Be Called to Alabama
• Industrial capacity for May ’09 was 68%: an ALL TIME low (roughly 1/3 of our plants and production facilities are doing nothing at all).
• Rail carload volume for 1H09 is down 19% from the already plunging level of 1H08.
• Even after laying off people and cutting costs, Quarter over Quarter Corporate Revenues and Profits fell 17% and 33% respectively in 2Q09.

It's in depth so read the whole thing.

Finally, check out:
 

Jim Sinclair’s letter on the US dollar

Where the price of gold is concerned, there is no other focus of interest as all points of interest have but one common denominator.

That entity is the US dollar.

The Fundamental illustration below is dollar flow momentum.

China holds in its hands the future of the category, “Foreign Purchasers of US bonds.”

China wishes the annihilation of the Fed policy of “Quantitative Easing.”

The Fed wishes to accommodate China.

Right now as I write gold's spot price is $942.30. There doesn't appear to be a whole lot of action. Typical in my opinion of this time of year.

Here's a link to the free widget I use to follow gold, silver, and platinum spot prices in real time: ExactPrice.

 

Here's something interesting I saw this morning.

Second Stimulus Needed to Avoid Lost Decade: Krugman

Where is all this stimulus money going to come from? As far as I can tell we've yet to pary for the first round and here in the US there's all the talk about National Single Payer Health Care, not to mention the fact that Geithner is asking for an increase in credit beyond 12 trillion dollars.

Here's a quote from the article:

The world economy needs a second stimulus if it is to avoid the fate of Japan in the 1990s when the country was stuck with years of sluggish growth, Nobel laureate and professor of economics Paul Krugman told CNBC Monday.

"The good news is that it does not look like the 2nd great depression. For a few months it did," Krugman said.

All indicators now point to the fact that the plunge has stopped, as jobs in the US are lost at a smaller pace and manufacturing and services seem to be stabilizing worldwide, he added.

I don't know that I agree that we are out of the woods on the "depression" angle. I think there are still some major hurdles to be overcome before we can lay that claim. And then there's the fact that he's calling for a stimulus action which in itself seems to imply that we've got some trouble out there yet.

Here's a graph I thought I would share with you too.

Right now as I type ExactPrice is showing gold trading at $944.10 and ounce. Silver is at 14.29 and falling. Here's the embedded widget so you can see what it's trading at as you're reading.

If you are not the high finance type but are instead the hard working type looking for various ways to increase and preserve what you earn and you are thinking about gold, then let me suggest you take a look at this article:

A Very Few Elements of Gold Strategy by Michael S. Rozeff
 

Gold strategy depends on age, wealth, anticipated labor income, one’s expectations, and risk preferences, among other things.

A complete gold strategy covers alternative metals, alternative ways to own gold, and shares in metal and mining companies.

I will discuss none of this. One finds plenty of articles on those things on the internet.

I’m going to mention only a very few elements of gold strategy that have to do with the general position that I think is appropriate, which is being long or owning gold as a long-term holder. The long-term means years.

These elements suggest that one may well want to have a core position in gold.

I base my strategy on the following ideas:

Click over to see the rest of the article.

You can track the price of gold with the free widget from Lear Capital, a sell of gold, silver, and platinum coins. The widget is ExactPrice and it works on your computer desktop, cell phone, and you can even include it in your website or social networking site.

In my Internet search for info this morning I stumbled upon two interesting items. The first is a great interview on MSNBC of all places with Ed Spitzer which I found on The Prudent Investors blog.

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The next item of interest to me is this article from The Market Oracle:

The Day the U.S. Dollar Died and Gold was Reborn

I have the feeling that this is going to be an interesting week on a number of fronts with the happenings in DC and on Wall Street. But Main Street is the one that is getting all the stuff dropped on us.

Right now gold and silver are doing fairly well. But they could go either way this week. ExactPrice is showing gold right now at $952.30 and silver at $14.

 This made me go, "Wow."

It figures that it would be a store in California where the state is issuing IOU's to businesses and people.

Here's the video I learned about from from the blog Beans, Rice, and Gold.


There's one other item that caught my eye today and has me chewing the cud so to speak. It's this news item:

Toyota says it's no longer profitable in North America

It's either a power play or a statement of reality given that the US Government is now the US Auto industry and Toyota is just reading the handwriting on the wall.

It's the summer and gold typically finds itself in the doldrums but it's been realitively steady. There remains a some volitility in the currency markets and uncertainty among the consumer which is leading people to gold and silver as a hedge I think.

Remember you can track the spot price of gold, silver, and platinum with the free widget, ExactPrice. It even works for you web enabled cell phone.

The more I see coming from our US Government the more worried I'm getting. Whether it's health care or this Cap and Trade bill, which is more of a Cap and Tax bill, I left looking for ways to protect my income and my future. I don't want to believe it but I can't help but think that we are heading for a disaster economically in this country.

Check out this video:


No matter how you look at that we're on a serious path to a crash we may not walk away from wholly intact.

One of the other things that I continue to hear, and which concerns me, is this discontent with the politicial establishment. The general feeling is that the vast majority of our politicians really don't care to listen to the citizens. And I can't really argue otherwise when you see bills one after the other being passed without being read. Folks, that amounts pretty much to taxation without representation. There are taxes in those bills which are being foisted upon the US people and the representatives are not even bothering to look at them.

There is something drastically wrong with that picture. This country broke away from England for similar reasons.

Speaking about taxes, Ron Paul has penned this editorial:

Cap and Trade Will Lead to Capital Flight

Rep. Ron Paul
Texas Straight Talk
Jun 30, 2009

"The logical consequence is that there will come a time when we will have to buy a government permit just to emit carbon dioxide into the atmosphere from our own lungs!"

In my last column, I joked that with public spending out of control and the piling on of the international bailout bill, economic collapse seems to be the goal of Congress. It is getting harder to joke about such a thing however, as the non-partisan General Accounting Office (GAO) has estimated that the administration's health care plan would actually cost over a trillion dollars. This reality check may have given us a temporary reprieve on this particular disastrous policy, however an equally disastrous energy policy reared its ugly head on Capitol Hill last week.

The Cap and Trade Bill HR 2454 was voted on last Friday. Proponents claim this bill will help the environment, but what it really does is put another nail in the economy's coffin. The idea is to establish a national level of carbon dioxide emissions, and sell pollution permits to industry as the Catholic Church used to sell indulgences to sinners. HR 2454 also gives federal bureaucrats new power to regulate a wide variety of household appliances, such as light bulbs and refrigerators, and further distorts the market by providing more of your tax money to auto companies.

The administration has pointed to Spain as a shining example of this type of progressive energy policy. Spain has been massively diverting capital from the private sector into politically favored environmental projects for the better part of a decade, and many in Washington apparently like what they see. However, under no circumstances should anyone serious about economic recovery emulate an economy that is now approaching 20 percent unemployment, where every green job created, eliminated 2.2 real jobs and cost around $800,000 each!

The real inconvenient truth is that the cost of government regulations, taxes, fees, red tape and bureaucracy is a considerable expense that has to be considered when companies decide where to do business and how many people they can afford to hire. Increasing governmental burden directly causes capital flight and job losses, as Spain has learned. In this global economy its easy enough for businesses to relocate to countries that are more politically friendly to economic growth. If our government continues to kick the economy while its down, it will be a long time before it gets back up. In fact, jobs are much more likely to go overseas, compounding our problems.

And for what? Contrary to claims repeated over and over, there is no consensus in the scientific community that global warming is getting worse or that it is manmade. In fact over 30,000 scientists signed a petition recently directly disputing the claims on which this policy is based. Legitimate environmental claims should instead be directed towards the public sector. The government, especially the military, is the most serious polluter in the country, and is exempt from most EPA regulations. Meanwhile Washington bureaucrats have classified the very air we exhale as a pollutant and have gone unchallenged in this incredible assertion.The logical consequence is that there will come a time when we will have to buy a government permit just to emit carbon dioxide into the atmosphere from our own lungs!

The events on Capitol Hill last week just demonstrate Washington's audacity in manufacturing problems just so they can expand government power to solve them.

Jun 29, 2009
Rep. Ron Paul

###

Rep. Ron Paul's website.

I don't know about you but that is some scary things to consider when it comes to this country's future.

Add to the government moves to put this country deeper into debt this bit of news:

Credit Card Addicted Nation: How Americans have Pushed Themselves off the Fiscal Cliff. $931 Billion in Credit Card Debt Outstanding.

One of things I keep telling everyone is that they need to do what they can to get out of debt, now. It is looking like there is a very good possibility that things are going to get a lot worse economically in this country. To that regard you need to be looking at putting your money into assets that will retain value. Gold and silver are two of those assets.

Right now the free real time tracking widget, ExactPrice, is showing that gold and silver are trading at $939.10 and $13.76.

I felt like playing last week with recording a video. So I did this one showing the ExactPrice widget for tracking gold, silver, and platinum in real time.

i just realized it had been a while since I posted anything.

Been crazy busy but that is not a good excuse.

On top for today is this intriguing item out of London. I love it myself, though I can certainly see some problems in regard to crime and safety.

Gold sold like chocolate from German vending machines

Shoppers in Germany will soon be able to buy gold as easily as bars of chocolate after a firm announced plans to install vending machines selling the precious metal across the country.

The precious metals have been moving sideways for a while but now they are I think retesting some lows. Peter Gandrich has a good outlook on it I beleive:


As I type ExactPrice (free real time tracking widget) is showing gold breaking down at $929.10 and silver at $14.12.

If things do move lower it could be a great buying opportunity. Personally, I'm eyeing $875 on gold. That's what I consider the good news for today. Here is something I find terribly concerning for what looks like America's continued move toward Facsism:

Federal Reserve to gain power under plan

The Federal Reserve, already arguably the most powerful agency in the U.S. government, will get sweeping new authority to regulate any company whose failure could endanger the U.S. economy and markets under the Obama administration's regulatory overhaul plan.

The final plan due to be released on Wednesday -- which originally aimed to streamline and consolidate banking and securities regulation in one or two agencies -- now is expected to sidestep most jurisdictional disputes and simply impose across the board standards to be applied by all financial regulators, according to administration and industry sources.

We are in for a world of hurt I think. It cotinues to alarm me how quickly this government is moving to grow itself and insinuate itself into businesses and the daily lives of America's peoples.

I've been quite of the last couple of weeks. I know. Not intentional but just the result of business needs. If you've been following the Precious Metals markets with the free real time widget, Exact Price, then you might have an idea of what's been going on. Anyway, I've been swamped.

The are retreating today some.

I wanted to alert you to two items worth reading. This first is a must:

Prosecuting Robert Kahre for Embarrassing the Federal Reserve
by Jacob G. Hornberger

For the life of me, I cannot figure out what Las Vegas businessman Robert Kahre has done to deserve a federal criminal indictment. From what I can tell, Kahre is the victim of a brutal, heavy-handed Justice Department that is acting at the behest of the IRS and possibly even officials of the Federal Reserve.

Today, Kahre, 48, is in a federal trial facing a 57-count indictment. If he’s convicted on all counts, he could end up spending the rest of his life in jail.

From what I can tell, the feds are going after Kahre for two main reasons, both of which appear to me to be ludicrous abuses of prosecutorial power. First, the feds are upset that Kahre paid his workers with gold and silver coins. Second, they’re upset that he treated his workers as independent contractors rather than as salaried employees.

Next check out this piece:
Myth Busting - Gold, Deflation and Hyperinflation

By: Adam Brochert

There are a lot of myths and “old wives’ tales” out there about Gold and the frequently accompanying topics of inflation and deflation. In no particular order, I’d like to debunk three big ones with facts rather than universally accepted catch-phrases that prey on lazy investors and speculators.

 I just read this blog this morning and suggest you click over and check it out:

More Fed President Nonsense 

Let's be clear: This isn't about the fact that Friedman owned Goldman stock in September, when the firm became regulated by The Fed.

It is about this:

Friedman and the New York Fed have both said that he had done nothing wrong.

The Friedman waiver was sought shortly after Goldman became a bank holding company. While the Fed was deciding whether or not to grant it, he bought 37,300 Goldman shares on December 17. On January 22, the day after the waiver was granted, he bought 15,300 more Goldman shares.

THAT is the problem.

Also check out this article. It's a good history lesson we need to learn from but the FED apparently isn't learning anything:

The Banking Panic Isn't Over

All this has gold and silver continuing to be strong. Silver particularly continues to be the metal in my opinion which could really breakout. If the banking is going to fail having a little of these metals could go a long way to retain some wealth.

Remember, you can track in real time for free the spot price for gold, silver, and platinum with the ExactPrice widget.
 

Good Monday to you. Here's a video you need to watch and which you might find useful for explaining our credit woes to your friends. Here is a must read in regard to where our US economy is headed without some proper intervention if you ask me. And by proper intervention I do not mean the printing of more money and borrowing from our future. All that is accomplishing is enslavement.

I have only one question for those who speak of "green shoots":

What are you smoking?

Let's start with a really ugly report from The Nelson A. Rockefeller Institute of Government:

The trend in state and local tax collections has been clearly downward from 2005 growth that was unusually high, and 2006 growth rates that were more in line with historical averages. Figure 1 shows the four-quarter moving average of year-over-year growth in state tax collections and local tax collections, after adjusting for inflation. Year-over-year change in state taxes, adjusted for inflation, has averaged negative 1.1 percent over the last four quarters, down from the 1.4 percent average growth of a year ago and 3.4 percent of two years ago.

Next check out this from Reuters: U.S. risks "lost decade" due to half-steps: Krugman

 

BEIJING (Reuters) - The United States risks a Japan-style lost decade of growth if it does not take aggressive action to stimulate its economy and clean up its banking system, Nobel Prize-winning economist Paul Krugman said on Monday.

 

 

"We're doing half-measures that help the economy limp along without fully recovering, and we're having measures that help the banks survive without really thriving," Krugman said.

 

I've been incredibly busy this week but here are a couple of thoughts that have been in my head.

 

1 - the China play on gold over the last 6 years which was revealed this past week was very telling and should have us all looking very closely at the US balance sheet. China I think is banking that the US debt is going to collapse the dollar.

2 - I read somewhere that - wish I could remember the link - the questions, "Why is gold still so low?" The explanation was fairly simple. Part of the big reason is that hedge fund managers are having to sell off their gold holdings to pay back all their investors wanting out. Duh. Makes sense.

Here's an article from Peter Schiff that I found worth reading. He's still beating the drum that the worst is yet to come. He looks at history and how gold played an important roll in currency.

The Price of Gold is Still Deceivingly Low...

 

Despite these "limitations", the global economy expanded significantly over the centuries. The march from ancient, to medieval, to renaissance, and ultimately to industrial economies occurred without the ability to easily or rapidly expand money supplies. This is because the key to economic growth is not to push up aggregate demand, as the Keynesians would argue, but to increase the efficiency and amount of goods produced. As a result, despite wars, pestilence, natural disasters, and famines, the general march of economics had always been upward. During that time, money generally increased in value as greater efficiency expanded the number of goods that a given weight of gold could buy.

Also, check out this blog post and keep an eye on this blog. I find him very informative:

Heads I Win, Tails Taxpayers Lose!

 

"April 30 (Bloomberg) -- The Federal Deposit Insurance Corp. may offer investors financing to buy distressed U.S. bank assets without requiring them to share an equity stake with the Treasury, people familiar with the matter said."

Oh that's nice. So now we're going to offer 6:1 (or more) leverage to these hedge funds with non-recourse financing provided by the FDIC, and if something goes wrong the taxpayer will eat the balance.

All of this to avoid the possibility of "executive compensation rules."

I don't think we're out of the woods economically, yet. Frankly I don't think we've gotten into the deepest darkest part of those woods yet. The credit card debt and commercial real estate continue I think to be ticking time bombs.

As always, remember you can track the precious metals with the free widget ExactPrice on your computer desktop, web enabled cell phone, and website.

Hey everyone. In tracking gold with ExactPrice I'm sure you've noted it has fallen back some recently. But I think that is a result of the IMF and gold sales along with some profit taking. But it looks to me that gold has remained pretty steady overall that's been going on in the markets.

I was actually hoping over the weekend that it would get down in the $850 because I was looking at that price point and thinking it would be a strong buy. But it never reached that and is now back in the mid $880.

Today I came across some interesting forecasts that I thought I'd pass along for your consideration.

Federal Reserve Monetary Expansion Threatens Future Price Inflation


And there's these two analysts on the future of gold:

Analyst predicts $1,500 gold price as supply squeezed
And this video report:

Gold Heading Above $2,000 by End of 2010: Strategist
Until next time.

Don't forget you can track the precious metals in real time on your computer desktop, cell phone, and website with the free widget, ExactPrice.

Hey everyone, have you been watching the spot price on the precious yellow metal this week? You can watch it you know with your computer, cellphone, and even on your website using the free real time widget ExactPrice.

It's been interesting to watch this week. Up and down and little with silver doing the same. Platinum on the other hand performed rather well. But today they are all down.

Looks like it's because of the postive economic data that Wall Street is reacting to today. And you you know what. That's find and even good. The basic gist it looks like to me is that the data shows the slide into oblivion slowing. So the markets are reacting to the mixed news of good and bad and hoping for the best.

Therefore the precious metals had quite a bit of profit taking today.

I found two article worth reading that I thought I would pass along to you.

The first:

More on Gold Sentiment and its Relative Picture

While I continue to believe that the next breakout in Gold is still months away, we have seen in just a short while, some very encouraging signs on the sentiment front. Accumulating is certainly a wiser prospect now that the luster of the metals has faded yet only superficially.

Below is a chart from softwarenorth.net of the Commitment of Traders data on Gold. The week Gold fell below $880, the net position of commercial traders declined from short 182K contracts to short 153K contracts. Open interest declined from 368K to 344K. It is a positive but doesn't signal a bottom by any means. Traders and investors should key on this data in addition to watching the price of Gold as it tests certain support levels such as $850, $820 and perhaps $800.

And this is the second article:

The National Debt and the U.S. Selling Spree

From Agora Financial's 5-Minute Forecast we learn that "According to the Chinese central bank this morning, China's foreign reserves grew 'only' $7.7 billion in the first quarter - the slowest pace in eight years."

Being kind of naturally stupid, it's hard for me to grasp the total significance of that, but the specifics are that "During the first quarter of 2008, the Chinese bank bought $153 billion in FX reserves - more than 21 times what they've bought over the last three months", the upshot being that the Chinese government "sold more U.S. debt in the first two months of 2009 than they bought."

It's all very interesting to watch don't you think. I continue to think that all the spending that our government is doing right now is going to lead to major inflation in the long run.

Do you have an opinion?

I don't want to be a doom kind of guy. I'm not at heart. But I continue to be very concerned by the moves that our US government is making that is increasing our national debt and, I believe, erasing our freedoms.

First off check out this:


Visit the site. It's pretty scary stuff.

Secondly, here is some links that I think are worth looking at today:

Mortgage delinquencies soar in the U.S.

More U.S. consumers are falling behind on their mortgages, an indication that the housing market has yet to hit bottom, a top credit bureau executive told Reuters.

Dann Adams, president of U.S. Information Systems for Equifax Inc, reported that 7 percent of homeowners with mortgages were at least 30 days late on their loans in February, an increase of more than 50 percent from a year earlier.

And then there's this news that really made me go, "You're kidding?!"

Communities print their own currency to keep cash flowing

Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local businesses.

The systems generally work like this: Businesses and individuals form a network to print currency. Shoppers buy it at a discount — say, 95 cents for $1 value — and spend the full value at stores that accept the currency.

Well, anyone want to start their own currency?

Oh, and this is a must read:

Apples and Truffles: PPIP is Financially Flawed, Intellectually Dishonest

Economists and market participants are coming to the realization that Treasury Secretary Timothy Geithner's "Public Private Investment Partnership" or "PPIP" is potentially a giveaway for some of the largest dealers and asset managers on Wall Street, and thereby tests the rule of law. In bare bones form, the PPIP is the purchase of toxic assets by the government and the simultaneous sale by the government of a five year call option on half the principle amount to the private players, this for a 3% premium (or half of the total implied option value of 6%). This is also known as the private "equity" stake.

Right now ExactPrice is showing gold trading up after the IMF dumped a mess of gold on the market. It's at $881.70. Probably a good buying opportunity.

I have to say I've been a bit surprised that the dollar continues to be strong. It says something about the hope people put in the American economy around the world. It also says something about how bad other currencies are failing.

Right now gold is trading at $917.90.

This morning I came across two articles that I figure are worth passing along to you.

This one from Bloomberg:

Gold Advances on Haven Demand, Set for Best Quarter in a Year 
 

Gold headed for its best quarter in a year on increased demand for the metal as a store of value and a hedge against accelerating prices, with central banks ramping up spending to fight the global recession.

Holdings in the SPDR Gold Trust, the biggest exchange- traded fund backed by the metal, stand at a record 1,127.44 metric tons, according to the company’s Web site. The volume has expanded 45 percent this year, overtaking the assets held by Switzerland to become the world’s sixth-largest stockpile.

The other is from a blog I often check in on:

Gold’s Seasonality Has Changed

With the rumbles of Russia wanting a gold back reserve currency, Germany telling the US they are not going to jump in the sled to deficit hell by speding more, and the French threatening to walk at the G-20 I am real surprised that gold is where it is today. I think it's just a matter of time before it breaks out and heads for the sky.

Remember you can track in real time on your computer, your web page, and your cell phone the price of gold, silver, and platinum with the free widget ExactPrice.