First: We have peace in the Middle East second: We have no inflation third: We have a strong U.S. dollar backed by the full faith of the U.S. Govt. fourth: We are sorry regarding the Chinese mishap fifth: The Easter Bunny just visited my house! Sixth: The economy is not in a recession..
Conclusion: Looks like 25 cents an ounce....coming soon to a Walmart near you!
Peace in the middle east? Have you visited the West Bank lately?
We have no inflation? The good Mr Greenspan and Fanny Mae have been inflating the money supply at 2.5 times the usual rate.
strong U.S. dollar backed by the full faith of the U.S. Govt? ......the same government that has virtually destroyed the purchasing power of the dollar. A dollar that is strong at the moment only because foreign interests are willing to invest all those dollars we send overseas in financials here......and will soon start calling all those dollars home.
No we are not in a recession. We are, in all probability, in the beginning of a two to three year long slide into a devastating economic disaster.....probably a deflationary depression.