Remember: if the data is weak, it's the snow; if it's strong, it's the
recovery.
Listen to the MSM mantra of wash, rinse, repeat!
Met a friend for breakfast and he was lamenting how the markets are being manipulated by insiders. I tried to tell him a couple of things after I stopped chuckling. When I started talking about nanoseconds I lost him. Funny how people always say it is
impossible for someone to manipulate the market in less than half a second.
Most of America still thinks the stock markets are traded by humans!
After the eggs and hashbrowns he brought up gold prices as well. I told him gold is held by Western central banks for exactly the same reason
individuals ought to hold it: protection. Central banks are accumulating gold because it cannot get wiped out like fiat
currencies do.
I told him that people should be doing the same — not being sidetracked by the
distractions. It's not about the price today.
If you own gold, it will do the heavy lifting for you when the
time comes.
