Chuck Butler (The Daily Reckoning):
What a ride yesterday for the currencies! Gold? Well, at one point gold had shot up $24 on the day! It topped out at $1,142… The shiny metal then gave some back on profit taking, but gold holders have got to love it! Those who keep waiting for a pullback. Well, they might still be waiting when the cows come home.

Bill Bonner (The Daily Reckoning):

The Dow rose again yesterday – up 44 points. Gold went up too – to a new record of $1,114.

Can anything stop stocks and gold?

On the earnings calendar, as you can see from the ones I have listed there is a significant amount of retailers reporting this week. That’s only a partial list, here’s the rest: ANN, BJ, APP, DDS, HOTT, DKS, ARO, GPS, PSUN, NWY, ROST, and TJX.

Consumers are feeling poorer, saving more and spending less. With the exception of refinancing their homes, they’re also borrowing less.

Leaving your money under your mattress isn’t exactly the safest bet. It doesn’t take a mathematician to figure out that government stimulus plans, bank bailouts, and lower interest rates all add up to inflation. If more money is circulating due to new spending measures, the value of each dollar –including the money under your mattress– goes down.

There is a way to double the return on your safest accounts – without increasing your risk. By reinvesting and compounding your interest, you can double your returns. Here’s why more investors need to understand about compounding.

Steve McDonald of Investors Daily Edge says, “A simple corporate bond strategy can make you a ton of money in the next few years, with almost no risk to your principal. And it’s so simple it’s almost unbelievable.”

What’s $78 Billion among friends? Currencies fade with bias to buy Gold…  Could the Carry Trade Unwind be done?  And Now… Today’s Pfennig!

Gaza bombing has dollar on the run…  More proof we’re turning Japanese…  Adding to the debt burden…  What will deflation do for the dollar? And Now… Today’s Pfennig!