Have you seen the price of sugar lately? $5.00 for 5 pounds of Domino sugar. Inflation. Sept 1st sales tax here in NC up a full 1%, inflation. July 09, all tolls in the NY area increased by a full 10% inflation. Check out orange juice prices. Food stuff shrinkage as well. Hellmanns Mayo, use to be 32 ounces, now only 30 and the price went up. Inflation. This is creeping Inflation. You get less and pay more. Hyper- Inflation is just around the next curve. You will see. I bought 800 Rolls of Toilet tissue recently and have been stocking up on just about everything, peanut butter, Smuckers jams, butter, bacon, Coffee, sugar. Whenever i go out now, i buy extra everything. I bought an extra large freezer to store all this stuff that needs freezing. You either prepare, or prepare to fail. I refuse to have to wait in line behind 36,000,000,000 Americans receiving Food stamps for free.
It's the typical error by those who do not trade futures.
Kitco is showing how much gold is down from last trade of the Friday session. That is at 5:15 EST. The CME is showing how much gold down from the 2:30 pit close which is called the settle. Neither of these prices correspond to what GLD closed at because that was 4:00pm.
The both show the same price for gold. Either way it is down at this point.
The trading day starts at 6:00pm the day before and goes to 5:15 the next day, same as stock futures. Monday session for instance starts at 6:00pm EST Sunday.
It is now down $5.30 This is true and accurate proce. Idiot shorts posting B>S. with no links to back up. Go Figure. Market will relise that the jobs numbers are not going to help. Read the articlwe in NY Times that show most of all the jobs came from Temp services for the holidays and we will be back at 10.3 percent by Feb and going up next year. All smoke and mirrors trying to make the Obama Adminstartion like things are getting better. Drink more Kool Aid shorts