A.M. Kitco Metals Roundup: Comex Gold Lower amid Stronger U.S. Dollar Index
Buzby: In a global down turn the U.S. will come out on top. The U.S. is 25% of the world GDP with a robust and diversified economy.
Economists cut growth forecasts for 2011 and 2012
Buzby:The public sector (30% of U.S. Economy) is tanking, making the overall numbers down. The private sector (70% U.S. GDP) is growing.
Greek default fears slam banking sector
Buzby:Everyone is coming to the conclusion that saving Greece is a no win gamble.
Europe worries drag stocks lower in early trading
Buzby: One country defaults, six others will follow. Ten countries are doing ok.
Obama calls on Congress to act on jobs bill
Buzby: Spin and Politics.
Market Swings Are Becoming New Standard
Buzby: Twenty years ago the stock market and publicly traded companies donated 2/3 to the Republicans. Today 2/3 donate to the democrats. The U.S. stock market has become a manipulated market controlled by the very rich and buying democrats to do it legally.
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