The recent dip in precious metals prices is a buying opportunity for those of you that thought that you had “missed the boat.” Market analyst Adam Hewison suggests that there might be further pullbacks on the spot price of gold to $855 or perhaps even $750. My reaction? Great! A “full Fib” retracement presents a great short term buying opportunity in what will otherwise be a long term bull market.
o o o
Two months ago, a few readers chided me for being too harsh in my criticism of gadget-oriented “Mall Ninja” survivalists. This auction listing shows exactly what I was talking about: (Thanks to Mike Williamson for spotting the auction for this monstrosity.)
o o o
From Matt Drudge’s news site: British authorities try to quell damaging financial rumors
o o o
Reader K.A.F. asks: Is CIT the next domino to fall on Wall Street? CIT Group draws on $7.3 billion of bank lines