It's 1984. Down Is Up, Up Is Down.

Gold, Silver Fall as U.S. Consumer Prices Rise Most in 17 Years
Aug. 14 (Bloomberg) -- Gold fell on speculation surging U.S. consumer costs may spur the Federal Reserve to raise interest rates, boosting the dollar and eroding the metal's appeal as an alternative investment. Silver declined.

Consumer prices climbed 5.6 percent in the year through July, the biggest jump in 17 years, the U.S. Labor Department said today. The dollar rose on speculation that policy makers will increase borrowing costs to contain inflation. Gold reached a record in March as interest-rate cuts sent the dollar to an all-time low against the euro last month.
http://www.bloomberg.com/apps/news?pid=20601012&sid=aV0voG6FpQm0&refer=commodities

It must be 1984. "Gold, Silver Fall as U.S. Consumer Prices Rise Most in 17 Years"? Inflation is the NUMBER ONE reason investors buy Gold and Silver. THE NUMBER ONE REASON! What we are witnessing today is a crime, pure and simple. A crime we are powerless to stop. Batman would be of no help.

How absurd are Precious Metals prices this morning? Consider this: The Euro last traded at this level on February 20, 2008. It's low of the day that day was 1.4702. It has not been that low since, ...until today. On that day in February, corresponding prices were as follows:

Gold: 944

Silver: 17.79

Platinum: 2166

Palladium: 508

0il: 91.oo

Yen: 107.43

What is wrong with this picture? It must be 1984... Down is up, up is down.

Get this straight. THE FED IS NOT GOING TO RAISE INTEREST RATES. THE ECB IS NOT GOING TO CUT INTEREST RATES. OIL IS NOT GOING BACK DOWN TO $60. AND BANK STOCKS ARE NOT A GOOD VALUE.

I guess the jokes on us. Where's my gun? I'm going hunting...