9:30 PM EST Addendum:
I found this tonight. Its an update from King World News which cites an interview with the great John Williams of ShadowStats. Interesting stuff.
This is an interesting short read, too. DO NOT believe the nonsense that economic growth is causing the 10-year note and long-bond selloffs. This notion is only advanced by fools and/or those with an agenda.
Lastly, please take 5 minutes to watch this interview of Yra Harris from early Tuesday. Yra is one of Santa's best friends and he is an intelligent, pragmatic investor/trader. Note what he says about PM prices but also note what he says at the very end about future Fed intervention on the long end of the curve. Very important information from a very experienced man.
I heard some rumblings this afternoon that some of the gold selloff today was due to an overseas interview with Jim Rogers. I thought I'd check it out. Here's a link:
I guess its not important that Sweet Jimmy still sees at least a 40% potential move in the price of gold. Can you name me another asset about which you'd feel comfortable making that prediction? No...I guess what's important is that Jimmy isn't buying more right here. What BS spin this is! I wonder what his cost basis is? Does he see other commodities as having higher upside? How about the grains? Does he still love them? Apparently, all that matters is the headline. Please don't ever allow yourself to be manipulated by this kind of media spin nonsense.
On a lighter note, watch these two boobs:
Sheesh, talk about trying to cover all angles! These guys clearly don't know if they're coming or going.
I give you these links as examples of the nonsense that passes for "financial news" today. Don't be distracted. Don't allow yourself to take your eye off the ball. Today was very disappointing in gold and silver but days like these happen. Keep the faith.