"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 being held in check at $1680
While Gold has been able to punch through this critical resistance level, it has not been able to HOLD ABOVE it. This is must do in order to kick it up and out of its current malaise. Once it does so, it should make a run at $1720 - $1725 in relatively short order.
Dan,
ReplyDeleteDo you think gold (and silver) being held in check is a natural phenomena or some manipulation of some sort? Gold and silver have every reason to blast higher after Bernanke's comments the other day but it appears to me that that the resistance and subsequent drop is manufactured. Silver seemed to trade sideways for a while, then get smashed about .10, trade sideways, smashed again, dropping in a stair step fashion. Perhaps there's some end of month activity or just the cartel knowing PMs were ready to run and they snuffed it out.
all natural stuff.........don't vorry about it
ReplyDeleteThese last few days seem to be about shaking the OpEx tree...
ReplyDelete