Concerning gold last Friday.

What's significant is that all these gold items saw RSI in the oversold (below 30) area, and all surged higher on Friday. Also, anti-precious metals sentiment was so black-bearish last week that I thought, along with RSI below 30, that we might, at last, have struck a true bottom in the precious metals. Of course, it's always possible that after Friday's explosion, the gold miners may back off this week and test last week's lows.

I thought it significant that when gold was declining, there was no end of publicity about the “dreadful action” of gold. But when the gold miners surged on Friday -- not a word appeared about the bullish action of gold and the gold miners, NOT a word!

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Wall Street has enough on everyone, thanks to their government contacts, to pretty much tell everyone else what to do or get blackmailed. I kid you not. Many politicians and their self appointed regulators need to be relieved of their duties.

How many people associated with investment banks went to jail for all the CDO crap that was sold to the public via their pensions all over the world? Ellior Spitzer was hung out to dry because of the information that Wall Street had on him while his office was investigating them. He wasn't the only one that used the services of Wall Street brothels. A madam from a big downtown brothel stated that she had 10,000 customers most from the same houses that were manufacturering the CDO's with plenty of them being senior executives. Who reported them to their wifes?