Gold up nearly 40 dollars at opening

Gold is off to the races this week after S&P downgraded the US credit Rating from AAA to AA. The move in Precious metals is not unexpected due the severity of the debt Crisis in the United States and Europe.

I expect large and unpredictable swings in metals this week. Probably for some time after that, but with an obvious trend skyward. Especially if things start to go into panic mode, which in today’s world, could happen easily. As for everything else, I’m making no predictions whatsoever, Obviously there is going to be a tons of volume and lots of swings, at this point, who knows….

We’re off the map, here there be monsters…..