"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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Gold finding resistance near $1402
Gold is stronger today but is having difficulty moving above $1402 and holding that level. For now it is attracting selling here even with the weakness in the US Dollar.
Interesting how the PMs have not rebounded the same way Oil and Copper have. Even Treasuries took a haircut today but the PMs are essentially flat these couple of days.
ReplyDeleteThe HUI's got legs though.
ReplyDeleteRickR,
ReplyDeleteI agree with you .Lets see stock markets are up, dollar down big time, CPI came in higher than expected ( no surprise there ).Almost all commodities are up especially copper and oil and the PMs just up barely.It just goes to show you that the PMs market are so manipulated it is a joke. Forget the CFTC they could care less .
Eventually the demand for physical gold/silver will drive them higher and even all this manipulation will not be able to stop it!
RickR, that occurred to me too about the PMs. Hard not to look at that and ask, "Manipulation?"
ReplyDelete