"The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects. Power will achieve its murderous potential. It simply waits for an excuse, an event of some sort, an assassination, a massacre in a neighboring country, an attempted coup, a famine, or a natural disaster, to justify the beginning of murder en masse."
R. J. Rummel, Mass Murder and Genocide, 1994
28 October 2008
Important Support Level on the Monthly Gold Chart
The support level around 730 is important. It is easier to see on the monthly chart.
If it holds any retests and gives us a monthly print there may be significance for this well beyond the gold market.