I said this a couple of days ago when I first noticed it. Precious Metals are tracking stock indices with a high correlation. If you don't know what that means, it doesn't matter as long as you understand that PM is no longer moving opposite from stocks. When the market tanks this time, PM will tank with it. There could be no bottom.
Bernanke just said that the economy is improving, which it is not; that the FED has more 'tools' to use if necessary, which it doesn't; and that it will deploy them if necessary, which it can't. Despite Europe cratering, the US stock market actually went up. Do not play in the market. Get anything you have out of it NOW.
Hurricane Irene is bearing down on the east coast. If it causes any major damage at all, it may break the economy - there are no funds left to help Americans.
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