Emotional selling on news.Pretty bullish that US Markets shrug...

Emotional selling on news.

Pretty bullish that US Markets shrug off the increase news of the discount rates at present. Dow in the Green.

I differ in opinions. European debt problems, stimulus packages running the printing machines, China and India continuous increase in Gold reserves are signs. Risk aversion and fear over sovereign debt issues exist.
China banning the exports of Gold Bars.

All Gold production besides jewellery to stay in China. Increase of gold reserves at rapid pace. Increase foreign acquisitions of Gold companies. Given that China is the largest purchaser of US Debt, it is intriguing how China is advancing gold plans at such rapid pace. A new currency perhaps with a proportion of it backed by Gold?

Just some thoughts.

Marc Faber, Jim Rogers, some of the King pins in the investment world is behind precious metals. Likewise.

All the best to all holders

LM