“Woe to the land whose king is a child and whose leaders are already drunk in the morning. Happy the land whose king is a nobleman, and whose leaders work hard before they feast and drink, and then only to strengthen themselves for the tasks ahead”. (Eccl 10: 16-17)


"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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Friday, December 23, 2011

Gold chart

Gold is stuck in a broad trading range between $1550 on the bottom and $1750 on the top. In the abscense of any fundamental news, it will  more than likely end the year within this range.

6 comments:

  1. Gold is manipulated to remain within a broad trading range between $1550 on the bottom and $1750 on the top. In the abscense of any fundamental news, it will more than likely end the year within this range.

    ReplyDelete
  2. Gold may be stuck, yes, but can the $GDM break out? Maybe a look here is helpful
    http://www.denaliguidesummit.blogspot.com/2011/12/all-news-about-gold-is-bad-news-so-buy.html

    ReplyDelete
  3. Let it consolidate. Merry Christmas, Dan

    ReplyDelete
  4. we are in the same mess folks! and getting worse month by month. Industrialized countries are broke and over indebted, there is no way but going into default. Governments and banks are just saving some more time, but they know we have reached the point of no return. Sadly, we will see war at the end of this crisis. Gold, silver, dried food, etc..you know already. Thank you Dan for educate people with you analysis.

    ReplyDelete

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