All of the other bubbles have burst. Gold will always be worth something yes but the same people who ran these other are definitely in on the gold rush. Just a thought. This is as sketchy of an economic environment that I’ve ever seen or read about historically.
Why is Gold soaring after Obama’s inauguration ? Since markets are generally forward looking and Gold does well in an inflationary environment, does this not tell us that people expect inflation to come back with a vengeance later this year because of Porkulus ? Just wondering.
Actually, it appears that the “plunge protection team” has stepped in to save the day (or the week) for the Obama team. Now, I hear Rush attributing it to a growing belief that the banks will not be nationalized.
It will help investors, psychologically, if the Dow were to finish higher — taking out the November lows would be a bad sign and make for a bad weekend.
What can one expect from “Hope and Change!”
“the only thing we have to fear is... CRISIS! CATASTROPHE!!! HOPE!!!! CHANGE!!!!!!”