It's important to keep an eye on gold. You'd think that the S&P warning to 15 EU countries would have gold's price soaring. I still don't understand how hundreds of millions of Europeans can complacently sit by as their life savings get washed away by Central Bankers. Are they REALLY not buying gold? Or are the CBs offsetting investor purchases with their own sales?
There's obviously an incredible amount going on that isn't being reported.
Dec. 6, 2011, 7:47 a.m. EST
U.S. stock-index futures hold gains
S&P warning puts modest damper on risk appetite
By William L. Watts, MarketWatch
FRANKFURT (MarketWatch) — U.S. stock-index futures held modest gains Tuesday, a day after Standard & Poor’s Ratings Service put the ratings of 15 euro-zone countries on negative watch amid worries over the region’s debt crisis.
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News of the S&P move came out during U.S. trading hours Monday, trimming a rally by Wall Street. Asian and European equities traded lower on Tuesday.
European markets subsequently trimmed losses, posting a mixed performance.
The action by S&P “is killing risk appetite among investors,” wrote strategists at Bank of America Merrill Lynch.
But the overall reaction indicates markets weren’t overwhelmingly surprised by the move, said Heino Ruland, strategist at Ruland Research in Eppstein, Germany.
Full story: http://www.marketwatch.com/story/us-stock-index-futures-edge-higher-2011-12-06?dist=beforebell
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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