Daily Archives: 12/12/2011

12.12 U.S. Market Preview: The Emperor Has no Clothes or credit to buy some

EMPERORS_CLOTHES

By John Galt December 12, 2011 – 05:20 ET One chart says it all. Unfortunately for equity traders, that just happens to be a chart of gold which should have soared on Friday to a climatic year end move and run at $1800 then $1900 if the markets believed that the world’s central banksters had cured the European nightmare. With the gold futures down some $26.50 as this is being written, obviously the world is voting on the lack of a Eurozone commitment to a…

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