“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


In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people. Source – The Declaration of Independence

Wednesday, April 13, 2011

Dollar at 5 month low in Asian trade

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Gold also strong in Asian trade - 1:00 AM CDT

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Silver very strong in Asian trading 1:00 AM CDT

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GFMS surprises with their strong prediction on Gold

GFMS is generally known to be a tad conservative on their predictions of the gold price. That is why today's report from the consultancy surprised me. They are calling for gold to surpass $1600 before this year is out.

The following story from Dow Jones Newswire service is very good.

You can read the entire story here:

http://blogs.wsj.com/source/2011/04/13/streets-are-paved-with-gold/
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