The Home Of The Bruce Collins Show

Tuesday, November 29, 2005

Weird weather...

in the financial markets.

New Home sales hit a record while gold hits a high of $500. I guess one segment of the population is going in one direction and the other is heading the other way.

On top of that mixed signal was the data that consumers are more optimistic and that retail sales are down and studies conclude that for most of us, our salaries will not keep up with inflation in '06. Like I said, weird 'weather'.

The fundamentals seem to be all there for a higher gold climb (in some undetermined point in the future) based on scarcity and demand overseas.

I don't know about you..but I was thinking today that 1929 must have felt a lot like this.

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