Another Gold Flag Waves Today

Stocks continue their sharp decline that began yesterday. Interest rates are on the move higher, and the dollar is down again. Gold is up.

Most notably, rates on 2-year Treasuries have moved up 69% (!) since September from 1.254% to 2.116%.

Everyone knows what I’m rooting for. Let’s bankrupt the US government and be over with it already. I do feel bad for any generally conscientious person who lives off the government dole though. They’re going to be hammered hard.

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