08/19/11 Poitou, France – Wow…another whack.
Wall Street got whacked hard yesterday. It had begun to look as though things were getting back to normal. Then…whammo!
Yesterday, the Dow took a 419 point hit. Gold rose $28 to close decisively above $1,800.
We keep an eye on stocks and gold. Stocks measure the value of America’s businesses. Gold measures the value of America’s – and the world’s – money. What are these measures telling us?
That we’re on the road to Hell!
Of the two measures, gold is harder to figure out.
Wall Street got whacked hard yesterday. It had begun to look as though things were getting back to normal. Then…whammo!
Yesterday, the Dow took a 419 point hit. Gold rose $28 to close decisively above $1,800.
We keep an eye on stocks and gold. Stocks measure the value of America’s businesses. Gold measures the value of America’s – and the world’s – money. What are these measures telling us?
That we’re on the road to Hell!
Of the two measures, gold is harder to figure out.