Investors cheered the temporary surge in the stock market as another indicator that the economy was back on the mend…coupled with a recent reduction in joblessness (or a reduction in the NUMBERS of people who still claim to be jobless), crazy shopper numbers at Thanksgiving and finally it looks like everything is going to be alright…time to sell all the gold we’ve been hoarding.
WHEW! That was close, thought the economy was going off the cliff there for a second. I mean, seriously…the mounting worldwide personal and sovereign debt coupled with a gargantuan unregulated derivatives marketplace which is leveraged at 40-1 and banks that are undercapitalized at a rate never before seen in the history of the world – it all had me worried.
But now the market went up three hundred points, and I got a $2 waffle iron from Walmart, so everything’s better.
Sell your gold, perhaps to Houston Gold Merchants…buy some silver. You may need it soon…