Precious gold loses its shine while Dow powers to new all time record - http://www.reuters.com/a...s-idUSL4N0BX3T920130305

What this article doesn't mention is if Dow is priced in gold and not USD, it's 50% down since the Oct 2007 all time high! Same case applies to euros, yens, pounds, yuan etc - all fiat ccys trail gold. But mainstream media has to do its job of shepherding the mass...

Meanwhile as gold turns into an ugly investment as preached by the media, CBs continue buying - http://www.bloomberg.com...-central-banks-buy.html and then http://www.cnbc.com/id/100518163

The gold market is in a holy grail setup if you look at 2014... For now the cheaper & uglier it gets, the better

Quite expected, a brainwash strategy geared at diverting attention to the reality:: yuan taking over.

This week journalists are just getting me mad

Now they're not only too big to fail, but too big to jail All time high BS this... http://www.marketwatch.c...o-big-to-jail-2013-03-07

@Hisah. History loves re-runs:

"As early as the time of Cicero and Varro, it was the opinion of the Roman augurs, that the twelve vultures which Romulus had seen, represented the twelve centuries, assigned for the fatal period of his city. ^75 This
prophecy, disregarded perhaps in the season of health and prosperity, inspired the people with gloomy apprehensions, when the twelfth century, clouded with disgrace and misfortune, was almost elapsed; ^76 and even posterity must acknowledge with some surprise, that the arbitrary interpretation of an accidental or fabulous circumstance has been seriously verified in the downfall of the Western empire. But its fall was announced by a clearer omen than the flight of vultures: the Roman government appeared every day less
formidable to its enemies, more odious and oppressive to its subjects. ^77 The taxes were multiplied with the public distress; economy was neglected in proportion as it became necessary; and the injustice of the rich shifted the unequal burden from themselves to the people, whom they defrauded of the indulgences that might sometimes have alleviated their misery. The severe inquisition which confiscated their goods, and tortured their persons, compelled the subjects of Valentinian to prefer the more simple tyranny of the Barbarians, to fly to the woods and mountains, or to embrace the vile and abject condition of mercenary servants. They abjured and abhorred the name of Roman citizens, which had formerly excited the ambition of mankind. The Armorican provinces of Gaul, and the greatest part of Spain, were-thrown into a state of disorderly independence, by the confederations of the Bagaudae; and the Imperial ministers pursued with proscriptive laws, and ineffectual arms, the rebels whom they had made. ^78 If all the Barbarian conquerors had been annihilated in the same hour, their total destruction would not have restored the empire of the West: and if Rome still survived, she survived the loss of freedom, of virtue, and of honor." Gibbon, Edward. The Decline and Fall of Rome Book 3, pg 217

"to fly to the woods and mountains" was to flee from the thirsty taxmen in Rome to the countryside or "suburbia" the term from which suburbanization emanates.

[quote=hisah]@kk - matters taxes again. Some americans are renouncing their citizenship coz of taxes...

http://www.telegraph.co....thanks-to-tax-rise.html[/quote]

@kk - that's some really interest stuff. I wonder where 'sururbia' will be in future... Did you see the French billionaire who renounced his citizenship for Belgium in order to escape taxes as well as move his entire biz empire?! Had a look at the Patriot Act, which will penalize citizen renouncement due to tax avoidance? It's becoming a tax economy everywhere as innovative capitalism is smashed without regard!

Global recovery = Taxes cesspool

US jobless rate (7.7%) falls to the lowest level since Dec 2008. Indeed global recovery

Now waiting for US markets to open with bulls running riot...

hisah, how soon do you expect gold's fortunes to turn? Or what will be the catalysing event to gold turning bullish?