In the currency market, the dollar fell again against the euro. Late Friday, the euro was trading at $1.3247 vs. $1.3145 on Thursday.

Gold slogged through another full day without any strong moves on Friday, as buyers and sellers once again found themselves in near-balance and kept the metal stuck inside a very tight $7 range that had it finishing near the high end at $941.60/oz., down $5.60. For the week, gold was up 3.3%.

Pending Home Sales surprise!  Eurozone Retail Sales slump!  Tax cuts don’t create jobs…  Failure to follow through for the A$ And Now… Today’s Pfennig!

The masks are coming off. It’s the end of the party, now we get to see what people really look like. And it’s not a pretty sight.

Citigroup reports $5.1 billion dollar quarterly loss, and that’s the good news. Bush warned to start defending the buck.

“OK… This could mean a monumental swing… Or, it could be just a short-term sell off of the currencies. I’m thinking it is the latter of the two, but I could be wrong, eh?”

Gen X wonders if it can ever retire. As Wall Street waits for Citi and Merrill shoes to drop, Goldman issues gloomy forecast. As if write-downs weren’t enough, here comes another $250 billion problem. A 17% first-quarter loss…When hedge funds don’t hedge. Coal prices shoot skyward… The sector ideally positioned to benefit.

Gold gains slightly for the week but could be supported by falling dollar for 1-2 years. Gold had a quiet day, trading between $920 and $930, and finishing in the middle of the range at $925.90/oz., down $4.50. For the week, gold eked out a 1.6% gain.