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![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
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This is no way to start the holiday week is it? The only folks pleased by today’s action are those driving a Hummer and/or snowmobiling. This type of action is why Chicken Dave still maintains high cash balances at the ETF Digest.
Bulls will cheer the light volume today as no big thing but you should expect this type of action in either direction until trading resumes after the New Year.
I suspect tomorrow may offer more interesting action since at least there will be news from retail sales, consumer sentiment, and final GDP data.
Below is Yahoo/Finance’s numbers and then our man in Geneva puts everything straight for us.
... 
Bernanke is living up to his reputation as helicopter drops of cash will rain on markets until his academic research is vindicated. It’s as most have been saying, “when push comes to shove politicians and officials will choose to inflate.” Theoretically, barring heavy central bank sales, investors have been given the green light to buy gold and hold it until the Fed reverses course. Uncle Buck will also take a hit.
So, the markets love this and you can buy, so bulls say, what you wish with both hands since the Fed is determined to inflate everything. And, we know it’s the gift-giving season so the Fed tossed the bulls what they needed to make things look better by year-end. [Hmmm, I wonder if Crammer was trashing the Ultra leveraged long ETFs today? And, ... 



