Morning Bill,
Robert McTeer, former president of the Dallas Fed, had an interesting comment this morning on CNBC. In summary, he said that gold and silver were in a bubble and that if he had any money he would short them.

Really? Let's think about that for a second. Can you think of any other asset class that a person associated with the Fed would say sell? Would they ever say sell stocks? Would they ever say sell the dollar?

I think we can all draw our own conclusions.
Keep after them,
Geoff

Geoff is correct. It floored me. Just once I would like to see CNBC drag this taping out when gold and silver make new all-time highs and invite McTeer back to see what he has to say then. But, will never happen.