just ramblin'
Poor U,S. employment numbers
Slowing single housing starts
Increasing 10 & 30 yr bond rates. (10 yr rates a few mths ago 1.5%) - this will only lead to slower Single housing starts which in turn increases unemployment...etc...
U.S. debt ceiling needs to be raised again! (every 1% adds another $165 billion in interest payments)
Chinese not buying U.S. bonds as they want higher yields.
Slowing growth in emerging markets due to possiblity of states
Higher inflation in most of emerging economies, here too, but they don't include food, gas, etc, which is nonsense - still affects how much you need to spend to live)
Governments all over the world still printing money like there's no tomorrow.
Maybe next week, maybe next month, maybe next year ... the chickens will come home to roost and the gold will be king. (Remember when it used to be illegal to hold gold in the the good ol' U.S.A. - well they could do that again ... seize the the gold ... punch the price up to $5k and resolve their debt crisis) IMOO. GLTA