This little story sums it up.
http://www.foxnews.com/politics/2013/07/22/detroit-bankruptcy-raises-concerns-about-other-us-cites-under-huge-retiree-debt/
This problem was always there just not kept quiet while the banks were sorted out.
I will say hold short term but if gold falls below 1300 its a sell.
gold could rally, page-4
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$2.27 |
Change
-0.030(1.30%) |
Mkt cap ! $2.606B | |||
| Open | High | Low | Value | Volume |
| $2.27 | $2.29 | $2.22 | $7.884M | 3.493M |
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| No. | Vol. | Price($) |
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| 3 | 29957 | $2.25 |
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|---|---|---|
| $2.28 | 319256 | 8 |
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