Gold and Oil both Up

There isn't a lot more to add than what the article below already says about gold. We can sit here day after day discussing why the gold spot price is going up, but the fact is it is going up and that's that. As for oil, as soon the economy shows any signs of life, look for the price to skyrocket, putting us on the rocking chair.

Read Article Concerning Gold Prices

As for other sectors, housing starts dropped, the deficit continues to climb and there is little relief in sight. Outside of DC and the Stock Market things are bad and people are getting very worried; something the politicians if they don't know now will find out in about 11 months.

Wrap of Today's Commodities

Keep a sharp eye on oil. As the demand shows signs of life, oil will go up. This will only hurt the economic recovery as the stressed consumers get hit with another expense. Dollar weakness again pumps up gold and silver. Uncle Sam's disease is golds fuel