The explanation as to why the price of gold is going up, I guess. People are skeared.
No, it wouldnt be. Gold going up is a sign that people are looking for an inflation hedge.
Rising defaults will destroy wealth by taking real money out of the money supply. This will lead to Deflation. Which is what we just got done going through.
I'm hesitant to put my faith in this market right now.
The fundamentals have not changed, unemployment is still nearing 10%, the Dems still are looking to destroy small business, They still want to pass the climate tax, still looking to fuck up 17% of our economy by swapping one fucked up system (health care) for another fucked up system (Govt. Healfare)
I don't really see an upside, definately not considering the 51% run-up off the lows.
I'll trade it of course, but we're not out of the woods yet.