risk off....gold up, page-48

Skol,

"He forecast, very bravely, that by the beginning of June the euro would have imploded, sending gold out past Pluto."

Tad pessimistic but it's defintiely on the slide. Since March the exchange traded fund for the broader Euro-zone stock market index, ticker symbol EZU.N, has declined by 12%.

US trade deficit narrowed. Why? Imports declined, less demand.

Unemployment benefits claims rose to the highest since January.

This little rally is on Alcoa earnings, earnings are a lagging indicator. Gold up regardless.

QE2 is wearing off.

Writing is on the wall.