"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat


Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput

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Wednesday, March 16, 2011

4 Hour Gold Chart

Gold is finding buying support in today's session after its bounce off of strong support near $1380. It has run back to former support now turned resistance near $1405 which is serving to hold it in check for now.

Bulls need a push through this level to move back towards $1420.

Volume is also so-so reflecting the indecision and uncertainty that still exists in traders' minds.

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