FEB14 gold’s rally yesterday was extremely short-lived, as it is right back down to $1,219 this morning, down $28! We would not be surprised, as we have been saying, to see gold break below $1,200.
The age of austerity may be nearing an end as governments ease the fiscal cuts that restrained economic recoveries.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
Friday is the monthly U.S. nonfarm payrolls – arguably the most important data release on the calendar. Every month each number takes on a greater significance, but a more important one may loom.