Gold has rebounded sharply this AM and run right back into a strong level of selling resistance noted on the price chart. If the bulls can push through this region, they stand a very good chance of taking the market to the $1780 level.
What more can you say that "RISK ON" is in vogue today. WAX ON; WAX OFF; RISK ON; RISK OFF.
Wanna know why Silver is so strong today? Look at the following chart of the CCI. Yep, Risk on.
Home Sales Data uptick has copper bulls giddy with delight.
Today is "BUY EVERYTHING IN SIGHT" Day.
Tomorrow, who knows?
The following article in the Wall Street Journal gives a strong voice to those of us who believe that the States should simply say "NO", to this intrusion on their sovereign rights when it comes to implementing Obamacare.
There is still a very good chance of muking this thing up and preventing a federal takeover of 1/6 of the US economy. If you want to know how health care would fare under such an event, take a good, long hard look at the US Postal Service.
Capretta and Levin: Why ObamaCare Is Still No Sure Thing
The majority of state governors are Republicans, and they have the power to disarm the health-care law.
http://online.wsj.com/article/SB10001424127887324735104578122741540428344.html?mod=rss_opinion_main
