Gold is stuck in a broad trading range between $1550 on the bottom and $1750 on the top. In the abscense of any fundamental news, it will more than likely end the year within this range.
"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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Friday, December 23, 2011
Compliments of my good buddy JB Slear over at Ft. Wealth Trading, here are Jim Sinclair, myself and JB doing our version of a holiday greeting.