Precious-Metals Price Action Loses Luster

Gold has been pronounced dead so many times that when it finally does roll over we'll be late recognizing it. But I don't think this time is it.

As far as Big Oil is concerned, instead of making the money come out of corporate coffers, let's make the top three executives at each company pay. There's no justification for their compensation - nobody's that smart. Nobody contributes that much added value.

Under the two Bush terms, there's been massive measurable money flows out of the middle class towards the top 1% of the population. It's not socialism to try to reverse that, it's trying to fix a national disgrace.

The Republicans began 150 years ago by standing up for racial justice, but no more. They invented the National Park system, now they want to extract everything everywhere. The one thing they have never wavered on is helping rich white bastards hold on to every last cent. Jesus preached differently, but that's the Repubs' unchanging core belief.

Stay the course with gold...don't panick! It will go up and up.

Let's just ignore what the candidates have to say now. Just look back and listen to what they said and did before they became candidates. I mean they are all scary. Once we have 2 candidates we just sit back and evaluate all the dirt they dig up on each other. In McCain's case we need to pay attention to the VP also...asumimg she(he) will be allowed to speak.

GOLD went through a correction cause it shot up too fast nearing $1000 dlls an ounce. Too many people piling into due to the financial housing sector disaster. This happened for a good short term reason. Gold had to correct. The Fed came to the rescue of the financial sector. However, I wouldn't bet against gold for long. It is going up again to record levels very soon. There are long-term fundamental reasons that are indicating that it will inch it's way back up to record levels.

Jonathan, thank you. I bought gold on 500 on your advice. I find your analysis refreshingly lucid and devoid of hype and the emotion-driven drivel of most of the TV self-styled gurus.
As for the Clinton quote, Im more worried about her dumb 'foreclosure bailout' idea than the gas tax. Forcing me to pay for the greed/stupidity of those homeowners is outrageous. I dont even understand why these people who foreclose are portrayed as victims by the media. They chose to break a contract when it was inconvenient for them. And somehow the banks are the villains?