gold price up another 1.2% tonight, page-24

I'll leave the TA to you guys but I'd suggest another sell-off tonight will result in another sell-down tomorrow, irrespective of what the charts say. And so on next week/month etc.

All those commentators who suggested govt responses to the GFC only postponed the debt problem or shifted it to the public sector are right.

We need some short term pain for long term gain. Grecians need to suck it up and so does anyone/any country who lived beyond their means.

The US is no different from Greece/PIIGS - other than the fact that US debt is bigger and they can print $$.

FML is more profitable today than it was yesterday. And an old boss of mine told me that you can't go broke making money.

The market might not be with me on FML at the moment but I'm not ready to sell yet.


Cheers,

C12

PS: As Monty Python sang, "Always look on the bright side of life".

I wonder how Rudd's going to sell his RSPT now? Nice timing, Kev.