johndaniels123

Gold's Divergence Between the Paper and Physical Markets

One final point: IMHO the recent dollar strength is a marketwide deflation...And signals the collapse of the financial markets. As stated before, wall street gamblers don't know what will happen, the DOW price is insignificant; especially when considering the immense volatility. Housing is not getting better: there is a significantly lower willingness to speculate, Far less qualified buyers, more damaged credit reports, high real interest rates at 6.5%, dampened enthusiasm amidst the realization that there can be losses in housing, and the realization the housing without equitable appreciation is a loser; too many fingeris in the pie with real estate commissions, government taxes, post forclosure expenses, maintenance, insurance, HOA's, etc. Now the banks have to pay these fee's, out of pocket, as their debt money supply disapears. No housing recovery, no financials recovery.