Consumer confidence retreats further in July

http://finance.yahoo.com/news/Consumer-confidence-retreats-apf-2383084269.html?x=0&sec=topStories&pos=main&asset=&ccode=

In the near term if we get some more Government spending programs to deal with this downturn in consumer sentiment (deflationary scare) gold should rebound. IMO

But if we do not get the spending, he who owns the gold will still make the rules in the long run.

Looks like some people took advantage of the consumer news / metals downleg to buy KRY at a discount earlier- But we are not so much of a discount now.................