"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, 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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