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  • The Euro Trades Through Resistance!

    In This Issue..

    * Most currencies rebound...

    * Gold reaches another record high!

    * Tons of data today...

    * Glad they didn't take TARP...

    ...
  • Gold Moves Higher With The Dollar...

    * Currencies in a tight trading range... * Bank of Canada follows the Fed... * Look who's Talking Gold... * Adding up the spending... ** Gold Moves Higher With The Dollar... Good day... And a Wonderful Wednesday to you! The first full day of the new regime... I will say this, it makes one proud to be an American when you can watch a peaceful, even extravaganza, handing over of leadership... It really rips me up when I read that the Wall Street Boys really contributed cash to the inauguration proceedings... Making certain the new President knows who contributed cash to his party... Probably cash they received from the Gov't in bailout payments! Nah... That couldn't happen... Could it? Well... The currencies didn't really trade outside of a very tight range yesterday, except for the pound sterling, which continues to fall VS the dollar, euro, yen, and probably even the Zimbabwe currency! OK, that's harsh! But I wanted to paint the picture, so that everyone understood the grave situation the pound sterling is in... The Bank of England has decided to take 70% control of the Royal Bank of Scotland, and nationalization isn't far behind for that bank, and a few others......