Tuesday, February 15, 2011
Gold This Morning: $1,100,000,000,000 Deficit For This Year --Jon
Active turnover last night and around 0400 we had a $10 buck burst higher which is holding. The facts need a Sam Spade ("Ten thousand? We were talking about a lot more money than this.") deciphering...GSR is ~44.70 like jump into the pool, there's plenty of liquidity...open interest as of Friday is down a couple thousand to ~461,000; are we that unloved post the day of Hearts?...option volatilities which were startling low yesterday, remain so...and RSI creeping up and ~56 still has plenty of headroom. The number above staggers me not only by the visual of it size, but the balmy detachment with which 'they' delivered it to us. Nevertheless we shouldn't be concerned since the management and funding of this deficit will be in the safe-hands of a trifling tax evader and a professorial economic theorist who's never held a bottom-line job. Today: The low $1380s have that come hither stare and while a little late in the evening we just might get lucky.