“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
20 August 2010
Gold Daily Chart
Gold had a spectacular run the last two weeks, with only occasional pullbacks such as we had today.
Let's see if gold can hold together into its option expiration next week on the 26th.