Rick Perry should move to France
Todays Reuters headline is “World Markets Dip as euro zone plans disappoint”. And why did they disappoint, mainly because they are trying to solve their problems without resorting to the funny money Rick Perry is upset about. The pundits say this is bullish for gold, the same thing they say about anything that is presented for economic ills. In reality the Sarkozy-Merkel meeting was an attempt of bringing some solid sanity to the big issues confronting them and that is bearish for gold. The euro likes it, now the US should take the hint and get the dollar back on track.