Yesterday the PM complex was whacked on a White House rejection of a Boehner offer. Blah blah, whatever. I didn’t look, but I’m sure the conspiratorial goldbugs were screaming manipulation. But is a “High volume flushout with positive divergence in MACD, bottoms start like this” more than hope?
Gold, Silver Prices Melt As Stocks Rise; Time To Buy? at IBD.
Japan’s Shinzo Abe prepares to print money for the whole world in the renowned Telegraph. Upon reading the article, the title is not sensationalist in describing the world’s third largest currency and its race to the bottom.
Bitten By the Gold Bug was John Mauldin.
Upcoming calendar: Stock markets are closed only on Christmas and New Year’s days. Monday, December 24, is an early 1pm close.