Once again gold is hit hard by the wise guys at the start of the US markets. The reason for this given by the clownish media of course was the latest better than expected consumer report.

Thats right, gold goes down when the economy is doing poorly because it is a risky asset and gold goes down when the economy supposedly is picking up because then there is no need for it hahahahahahahahahahahahahahaha. You see, so there really is never any need to own gold hahahahahahahaahahahaha. What a bunch of baboons.

I am starting not to even pay attention to the futures market anymore as it has lost all credibility in my eyes. Not that it had much to begin with.

It would appear from the muted reaction to this latest orchastrated take down in the gold price with the precious metal shares that other investors are not paying much attention to it anymore either.

After all, gold sales have increased dramatically over the last year again and if you want gold in any significant amount it is reported almost to be impossible to get at anywhere near the supposed present futures price. Even in small quantities premiums are shooting up.

Meanwhile Canadians can be proud to say that we turned a trade surplus in the latest report on the strength of gold bullion exports. Yep up 30 some %, nothing like giving the countries wealth away for printed scraps of worthless paper hahahahahahahahahahahahaha.

All in my honest opinion of course.

F.F.