My orders to the proxies in DC are that gold is to stay below $1262 at all costs. So far so good, if Janet kept the interest rates the same, we all knew (except the goldbugs) that gold might spike a tad but that's about it, a temporary reprieve.
In a previous life I studied physics and aerodynamics in order to become a suitcase slinger as Andy calls me, we called some of the charts, BMD. Bending moment diagrams, and I'm sure the resident socialist, BMD, knows a a lot about bending. Bending over for goldbugs has become a way of life, and as I predicted a couple of weeks ago the Dow's about to hit 22,000, maybe this week, I can't imagine what's it's like to have missed out on this......
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