The media are pumping that foolishness about the government (public) may actually be getting a 'buying opportunity' for this toxic waste. The only buying opportunity happening here is in gold which interestingly is unwinding the knee jerk fear trade as is the Dollar. The house today voted yet more inflation into the mix going forward. I am going to add GLD and/or BullionVault as funds come available to do so. This is emotional short term behavior and really pretty silly. Much to write tomorrow in the NFTRH now post Congress.
Edit (2:47) Why does it actually make sense for the USD and gold to move together or at least not be mutually exclusive? Because the go go commodity bubble, led by our friends the hedge fund jocks, was gamed. The go go 'gotta git me dem euros' trade was gamed as Europe is also proving itself a basket case. The Dollar is technically worthless (unless you find value in debt) as I have written for years. But until such unkown time when paper currencies end, its exchange rate will have nothing to do with that. As the crisis goes further on, I expect gold's 'exchange' rate vs. any given currency will be less of a factor. It is time to protect yourself and that doesn't mean diving into gold head first. Cash still works. Down the road I expect productive ventures, economies and resources to take root as nice investment vehicles along with monetary systems underpinning by honest money. But right now safety is the first job to see to and by my eye that means cash and gold. The stock market may well bottom for a big rally here. Play it if you will but just remember that word 'play' is what got us where we are today; potentially hyperfinflationary policy being panicked into the system.

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