Gold scored an all time high record monthly close!
Gold has now pushed solidly past the 75% Fibonacci retracement level from the 1979 high to the 2001 low in inflation adjusted terms. Note - that this chart uses the government's CPI number which is utterly useless but at least can serve as a type of benchmark against which to compare the current gold price in real terms.
"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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