What is that number? The other day, a politician say that the U.S. is currently borrowing $4B per day. I thought, "no way", but that's pretty close. $4B x 365 = $1.46T. Yikes!!
So I started to work it backwards and I got $46,269/second. That's how much the U.S. is borrowing (printing) every freaking second of every freaking day. Oh, but if you listen to CNBC or read Barron's, you'll hear that QE3 is very much in doubt. Whatever...
Both metals closed strong today. Combine that with the strength in crude and the grains and you've got something to build on. It looks almost certain that gold and silver will head back toward the levels that we're giving them so much trouble earlier this week. Gold will trade toward 1430 and silver toward 36. From there? Well you know that whatever power-that-be that was so intent on holding those lines this week will re-emerge. It will be a very interesting..
So I started to work it backwards and I got $46,269/second. That's how much the U.S. is borrowing (printing) every freaking second of every freaking day. Oh, but if you listen to CNBC or read Barron's, you'll hear that QE3 is very much in doubt. Whatever...
Both metals closed strong today. Combine that with the strength in crude and the grains and you've got something to build on. It looks almost certain that gold and silver will head back toward the levels that we're giving them so much trouble earlier this week. Gold will trade toward 1430 and silver toward 36. From there? Well you know that whatever power-that-be that was so intent on holding those lines this week will re-emerge. It will be a very interesting..
