Is Bob right?

I spoke to my father-in-law this weekend; he called to tell me he is digging through his walls now to see exactly how much inventory of gold he has on hand; his yard sale may begin soon if we see a couple more days like last Friday. Gold’s down about $25 bucks this morning; I’ll keep you posted.

Gold has taken it on the chin the last couple of days. But, as dad says—to be expected given the move we’ve witnessed (one might call it parabolic; though bulls wouldn’t likely use that term). He has been right about gold, along with many others.

Surprise!

“Houston this morning broke a record with the earliest snowfall ever recorded in the city's history,” the Houston Chronicle reported. Sure is good timing for the “global warming” nut-jobs who have made Orwell proud by changing the name of their movement to “climate change.” Now “climate change” kooks everywhere can tell us “I told you so” every time we see new records during the global cooling phase we are likely now entering. You just gotta love poly-science; it is so useful when molding a ridiculous world view so that lemmings everywhere can unite. You know who you are!

Eurozone Recession: Over!

It’s confirmed – the Eurozone has pulled out of recession in the third quarter.

A second look at third-quarter GDP today showed the countries that collectively make up the Eurozone escaped that dastardly negative growth thing. Or maybe it’s more accurate to say they collectively escaped recession. Yeah?

Is gold hinting at a global economic earthquake – Protectionism!

Gold may be telling us a story. That story likely goes far beyond the run of the mill US dollar weakness we hear daily; otherwise the US dollar based on pure correlation would be well into all-time new low territory and free fall (not to suggest it can’t get there still).