Yesterday the IMF downgraded global growth...today the Bank of Canada projected slow growth originally from 2012 to 2013...now out to 2015...and then there's this..

"Bank of America Merrill Lynch’s commodity research team said cyclical headwinds will continue to weigh on gold, which could fall another US$150 an ounce to US$1,200 in the near term if improving global economic growth, modestly higher rates and benign inflation are also considered."...

well what a friggen contradiction. No wonder investor confidence is flushed down the toilet, the whole worlds gone into stupid mode. The air is so full of stench from politicians, bankers and analysts alike it\s getting difficult to know which end is up. If the markets don't eventually crash just from confusion let alone lack of confidence I'll be downright surprised.