Why is gold price moving up. The price just did another +$100 day smashing through $3300. Just as I uploaded this video it hit all the threes ($3333.33).

Stocks are down. Treasuries are down. The dollar is down. The coffers are nearly empty. Foreign nations are hardly queing up to buy Treasuries. Who will buy the bonds?

Despite the debt ceiling since early January, 10 year yields rose from 3.8% to 4.4%. Maturing debt is causing interest costs on refinanced debt to rise.

If something isn't done about the debt we could end up with financial Armageddon.

One solution would be to refinance the part of the US debt using their gold through a sale and re-purchase agreeement. The higher the gold price, the better for the US Treasury, and the more they have the better it will be for their finances. Could they be buyers?

Also, I talk about the "Dead cat bounce" in equities. Stocks are not over-sold and look like they will head lower, but it's not the end of the world.

How to use, (and not to use), technical analysis.