What a reversal we seen Friday. Early morning Gold was down then reversed to quite a rally. Chart wise there will be pressure to the upside. How far, I don`t know.
I would like to say this about current Government spending. With Social Security funds spent and having to come from present day taxes our administration spends $ 2 Billion on the web site only. Someone tell me this is a bad dream and we will wake up. Another recent development is we are now going to give $ 3 Billion for the climate. Let`s hear some detail how they will make a difference besides funneling the money. Will it be audited ? So since all this money is going overseas when will they refund Social Security of the fund they spent ?
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