In response to:

Gold Even As Euro Recovers

saawshank Wrote: Oct 03, 2012 11:49 AM
Social Security holds $2.7 trillion of government securities, sold to them in good faith that the money would be available to pay Social Security benefits. Is the federal government going to default on these securities? Do members of Congress think that us old, little people are so stupid that we don't realize we are being taken? "Shared sacrifice" is a LIE. I still see CEOs making outrageous salaries and bonuses, and they are the ones, with their opaque "derivatives" which brought the economy to the brink of disaster. I still see corporations and the wealthy spending obscene amounts of money lobbying to undermine democracy in the USA, turning the USA into a plutocracy.

Precious metals split with other commodities to start weakly lower as the euro as the dollar recovered against the euro.

Gold was down $0.93 to $1,776.28 and silver was down $0.06 to $34.65, for a silver/gold ratio of 51.2.  Other commodities fared better with copper, crude oil, platinum and palladium all starting the day higher. 

Gold and silver being left out of the overall rally today point out that investors in bullion-priced physical metals may be hesitant to accumulate at these prices.  Gold will have to stay elevated for some time before retail investors become convinced this is a...

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