Markets and Smooching Gold

On the one hand, the research clearly states indexing is so hard to beat (fool).

Yet small caps are looking bullish in Russell 2000 Is Testing Major Resistance at All Star Charts.

Further, Investment grade corporate bonds are priced to perfection at Sober Look.  This in-spite of ridiculous credit market metrics at Financial Sense.

With Gold Still Stuck near $1785 – $1800 (Trader Dan), though perhaps not for too long.  This morning gold touched an intraday high for the year 2012 and looks set to enjoy the fourth highest closing price of 2012.

I’ve often thought:  “if we just print a million dollars for every man, woman and child and handed it to them, wouldn’t that fix everything?”  Of course not; no, we wouldn’t all suddenly be rich.  But the chairs would have been re-arranged.  Where are you sitting?  Rick Santelli on CNBC via Zerohedge.

Considering CPI inflation without trying to be political: “If we look at what’s skyrocketed in price (healthcare, college tuition), we find they are government funded and supported. This is not a coincidence.”  Charles Hugh Smith

“Why is gold good money?  Because it possesses all the monetary properties that the market demands: it is divisible, portable, recognizable and, most importantly, scarce – making it a stable store of value.”  Dr. Paul