You wanna know what is going on? David Rosenberg explains…

It was a nothing kind of day yesterday. Both gold and silver got sold off at bit in the Hong Kong market late in their afternoon. This lasted until shortly after London opened. Then the prices just sat there until shortly before the London p.m. gold fix, when a N.Y. rally of sorts commenced in both, with neither metal going too far. Ted Butler pointed out to me that neither silver or gold got above their Monday highs…and that was probably the intent.

It is not often that somebody writes something with which I totally, one hundred per cent disagree. But writing in the Times, Chris Dillow has done just that.  Dillow attempted to defend this government’s plunge into debt, saying that it was quite acceptable for this generation to borrow billions of pounds with which to finance our lifestyle, leaving it to future generations to pay off these debts.