Byron King, Whiskey and Gunpowder
Let’s review the big picture for gold. What’s going on? And what are people saying?

For much of 2009, gold traded in the range of low-mid $900 per ounce. There was a dip over the summer, with a strong upswing starting in September. Gold is now trading well over $1,000 per ounce, in fact just under $1,100.

Turns out that the government of India was buying gold in mid-October.

Look at a nationwide map of foreclosures, and you just might be looking at a hollowed-out future of exurban America. I alluded to this phenomenon a couple of days ago in musing over Sen. Obama’s ill-considered remarks that implied giving the developing world effective veto power over American driving and dietary habits.