06 March 2013

Gold Daily and Silver Weekly Charts - Bounce Led By Silver

"Besides the Bank's money, the Bank holds the Title Deeds, and the houses and hotels prior to purchase by the players. The Bank pays salaries and bonuses. It sells and auctions properties and hands out the proper Title Deed cards when purchased by a player, it also sells houses and hotels to the players and loans money when required on mortgages.

The Bank collects all taxes, fines, loans and interest, and the price of all properties which it sells and auctions.

The Bank 'never goes broke.' If the Bank runs out of money, the Banker may issue as much as needed by writing on any ordinary paper."

Official Monopoly® Game Rules, The Bank

Sounds like the spirit of modern fiat money to me.

Despite an intraday 'gut check' of selling that came out of nowhere, the precious metals finished higher, as stocks faded.

Non-Farm Payrolls on Friday.

I cannot help but notice that Harvey Organ has not updated his site since Saturday. I hope that this is just a work respite, and that he has not encountered any health or personal troubles. His comments are missed, and he is in our thoughts.