So, what happened during August? The financial stocks rallied, and the US dollar also rocketed higher. The CNBC types have now concluded that the "bubble" in precious metals and in commodities is over. The financials are supposedly a "screaming buy."
In the end, has anything changed? No! If anything, the fundamentals for the banking sector and for the US economy as a whole are still not good. It is almost as if we are seeing a great "disconnect" between the mainstream investment world and what is actually going on in the world. War in Georgia? Declining oil reserves? Declining gold production? The CPI now at 5.6% (even using our government's bogus figures) and almost 13% (using honest methods)? Sell oil! Sell gold! Sell silver! Buy financials and Apple! Buy the dollar! Well, I don't buy it! I'll discuss this later. Except from The Richter Report.
Well guys if you still believe in Wall Street and it's spin media, kindly read this article above.
Don't trust paper metal trust instead Real Metal like ..........................GOLD!
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