TOUGH SLEDDING IN THE GOLD STOCKS LATELY!

Notice that the Markets have been taking a big hit as Gold gets clobbered this week.

Wouldn't you would think the gold bugs would be celebrating after the news last Friday that the USA just had its worse month ever for its deficits...as February rang in a record $229 billion dollar deficit, and that is the 41st month in a row of deficits in the U.S.A. (which is yet another record).

Would you not think it would have made headlines or created a stir, but no you probably didn’t see that at all in the press.

Of every dollar spent in Washington now, .42 cents is Borrowed.

So, a Mother in Tampa Florida, goes out and purchases a loaf of bread for $2.00.

Yet that loaf of bread was purchased with money.. 42 cents times 2 = 84 cents of money owing. Yes, those countries holding U.S.A. notes are subsidizing Americans to eat with money that has to be paid at a later date.

Imagine the millions of Americans doing their weekly shopping tonight with a goodly portion of their bill being paid for with borrowed money.

Why isn't this being discussed in the news?

Something has to give. When the U.S.A. runs into debt covenants later this year, will this make it more interesting?

Meanwhile,the Financial News tonight prints the U.S.A. is showing improvement and this monstorous debt seems to be getting lost to other Tidbits of good news such as better retail sales and some U.S. banks passing stress tests.

Again, the gold bugs (you would think) would be having A reason to celebrate...but certainly not today.

STRANGE.............