LACK OF TREASURY HEAD THIS WEEK – SHOCK WAVES
The USDept Treasury has no head. After inauguration day on Tuesday the 20th of January, look for possible volatility, disruptions, and fast moving markets. Such is a possible climate for a powerful USDollar decline overnight. Few realize that financial market interventions of numerous types can only be executed by the hand of the Treasury Secretary. That post is vacant tomorrow, as the Geithner confirmation has hit a snag. The real reasons for the snag are concealed in my opinion, as attention focus on nonsense like tax returns. His involvement at the center of the great Wall Street fraud episode is the likely reason. Without the potential for market intervention, the gold price might enjoy a strange upward lift, much like the lift seen in September immediately before the $138 billion JPMorgan reload. The gold lift was around $100 in a single week. Watch for some possible unbridled moments for a few horses free to run wild.

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