Economics and Investing:

Federal Reserve Action Will Decide Next Major Move For Gold Prices

G.G. flagged this: More Than 750 Banks at Risk of Failure Over Next Two Years, Says Invictus

Also from G.G.: Jim Grant says gold, not paper currency, is the future

Items from The Economatrix:

Jobless Claims Fall, Jobs Market Slowly Healing. [JWR’s Comment: But is this a genuine recovery, or just trickle-down from umpteen billions in bailouts and monetization liquidity? And meanwhile we read: Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low.]

Gold Gallops 11%, Silver Surges 20%

Europe Gets Bond Market Respite, Real Economy Pain