Gold is already on a tear in other currencies but it is muted in the US as US dollars and treasuries are also being hoarded by those who still can buy them. If the US weakens as well, then gold may really shine.

Actually I'm a bit relieved that the market turned sour on the reintroduction of 3.5% home loans and Euro QE funny money production. Maybe the market got a lot smarter finally.

It's sad that I have to call your insight refreshing. It is ridiculous how few see the real risk in the current Federal Reserve's system of encouraging TBTF banks to prop up the market and support a stock market asset bubble at the cost of not spending liquidity on loaning it out the real economy to grow. This undoubtedly is the reason why the US got rid of the last 2 central banks for creating a absolute mess and using their monetary powers to manipulate the government. Americans should read up on history, the issue of central bank plots and misbehavior goes back to the founding of the US.

Their latest policy error is humorous save for the lives it will ruin. They just re-introduced the 3.5% junk loan approved by the FHA so they can try to unload as much bank garbage on unwitting and unhealthy individuals as they can and prop up the housing market for maybe 3-6 months as they do it. Really, we saw the result of this method of madness last time. Maybe they feel better this time since it's guaranteed to fall on taxpayers to clean up now that Fannie and Freddie are government owned which means taxpayers will pay through the nose, especially since every major bank dumps as much of their home loans to them as they can as fast as they can. Everyone knows the loans they are already making don't even cover the losses for even a mild downturn let alone the massive default they are going to see with their current trajectory.

Really guys, your goal to prop up everything so you make as much money you can off of the government, the central bank, taxpayers, and those who had money before you made a bunch more and handed out liquidity to banker friends while making the future worse for everyone is getting pretty ridiculous and self evident.

Another big sign is the move to allow junk 3.5% down loans to get poor people to take the excess property losses the banks don't want. It's the same play game as the last crisis and will bankrupt a lot of new less than savvy households through government action. Great guys, you really want to repeat the last downturn don't you. So far they have let TBTF banks get bigger, derivatives multiply 3.5% from the last downturn, officially socializing 90% of the housing market through Fannie and Freddie so the losses fall on taxpayers, and now they are creating the same garbage loans that bankrupted the very poor and decimated the entire economy.

Really guys, are the politicians, central bank, and state banks (what TBTF banks are in fact these days) intentionally trying to cause the US to lose its 1st world status and global currency status? Because those in power seem to be doing just that as well as showing their corrupt selves and communist ideals quite clearly.

As a side note, the US deficit is about to burgeon as their annual taxes on stock market gains disappear. The usual solution to this in the US is to double or triple the annual deficit is a fit of wild but predictable illogic.

LOL the central banks of the world play their own hoarding games and then use it to offer it to paper speculators to deal to investors which becomes many times the actual quantity of gold to keep the prices low and prevent those wanting it from actually buying the real thing which they continue to hoard in a secret game of wealth accumulation. That's why Greece and Italy refuse to sell their gold hoard even if they bankrupt the country. It is more than a tier one asset given no central government, besides maybe the US, is willing to part ways with its stockpile even in a crisis.

The SEC should bar companies from promoting and disclosing non GAAP earnings as malicious and intentional misleading of investors. The number of companies playing such games is only multiplying as the stock market bubble expands with little rational to justify their prices.

The EU's issue is likened most to an issue of State vs. Federalism. Unfortunately the EU is only a financial agreement and thus there is no federal power to force enforcement. Thus, as it stands it is almost doomed to some sort of failure until the members agree upon a format where the EU can mete out punishment because rewards seem only to encourage more bad behavior since the cost is distributed among the many.

Obama's claim that only the wealthy save for their kids is ridiculous. Of course, no one will if that state takes it over. Just like every other socialist scheme, the first step it to make a intractable problem and then for the State to tax everyone to solve it.