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Ratings agencies threatening to downgrade our debt if we do QE3...interesting...feds have some pressure on them not to do it now...but somehow we will do it but we will call it something else when we officially enter a double dip which we all know we are in right now anyway.
GDP revised to 0.4% first quarter and now 1.3% for 2nd quarter...and these are artificially altered up so you can imagine what it really is right now.
The only thing that worried me about my metals is that the miners(HUI) is diverging from the price of gold...gold making new highs and miners are not...not a good sign imho...this type of move usually precedes corrections, esp given that gold has gone semi-parabolic...but if you hold actual physical gold like I do(and you should too), then you can usually hold through sizeable scary corrections.
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