In May 2001 GOLD started a Bull Market. Since May 2001 Smartmoney doesn't buy the daily crap from the Government&CNBC. Let that be a warning to everybody who is still fully invested in the stock market!
What is the methadology behind your statement? And, why is gold better than the various economic stats from the govt? DS ps-I thought that gold is up due in part to the Russian CB buying heavily.
Gold is "finally" breaking out for two reasons --- inflation play {the small reason} and liquidity injections {the big reason} from "petro wealth" --- the middle eastern petro players have put huge amounts of money into Gold from their biggest paycheck year ever. you have to realize the transfer of wealth that has taken place in the last year to the middle east -- it was substantial. the U.S. economy is doing fine but not for the right reasons unfortunately, and yes at some point a large group of U.S. consumers will run out of credit at quite the wrong time.
with a nursing degree, your wife should have no problem finding jobs anywhere/anytime. huge huge shortage of nurses .
Agree, The US will be just fine until the govt debt gets called then 1907 panic will look like a picnic... ...
Hi dougcs, The answer is simple: The price of gold is the market and the stats are the government. Lesson nr. 1 of the professional trader/investor: THE MARKET DOESN'T LIE; NEVER!