Gold closed up $23.40 to $1751.30. Silver also enjoyed a stellar day rising by 76 cents to $34.11
Today we learned that Austria has 80% of it's gold in London and then we find out that this gold has been all leased out. The Austrian reporters are having a field day on this one. Then Brazil notifies us that the official gold purchased by them (51 tonnes in two months) is really gold obligations owing to them by the bullion banks. I wish these two nations all the luck in the world in getting real physical gold onto their shores.
In paper stories, the Euro/USA cross rose sharply these past few days signalling a risk is one situation and thus all bourses rose nicely into the green.
China reported its' HSBC flash PMI numbers and they were stronger than last month rising above 50 for the first time in 13 months. They also had a positive service sector PMI.
Europe reported mixed results. France had good manufacturing and service PMI but Germany had fair manufacturing PMI and weaker service sector PMI.
We still have no word on the Greek debt situation.
Also interesting developments on the Argentinian/Elliott Capital court battle to report on.
Finally Europe disappoints again with a failure to come up with a budget plan for the years 2014 through 2020.
The Day The World Ended - WW3 Simulation by http://FutureMoneyTrends.com
FutureMoneyTrends.com, a top trends research newsletter, has released a World War 3 simulation video, "The Day The World Ended." The purpose of this simulation is to show people just how fast things could get ugly if we go to war with Iran. During the simulation, oil prices spike to $130 per barrel, but by the end of the day are trading for $405. Gold and silver become unavailable as the world floods into safety as oil prices force a systemic economic collapse. Riots, civil unrest, and drastic government action are taken during the start of this war.
Much in the press is about Iran and Israel, but military planners and pundits should take note that Iran is also enemies with Saudi Arabia and they know that the U.S. cannot survive without oil. Though 90% of U.S. oil imports come from areas not in the middle east, prices are set on a global market, so crisis in the middle east will be a direct crisis for the U.S. economy. During the FutureMoneyTrends.com war simulation, Iran strikes Saudi oil fields in response to Israel striking Iranian nuclear sites. Once this happens, to put it nicely, all hell breaks loose.
Part 1: http://www.youtube.com/watch?v=wJdgudIUHzs&feature=player_embedded#!
Part 2: http://www.futuremoneytrends.com/index.php?option=com_content&id=285&tmpl=component
Fascism ( /'fæ??z?m/) is a form of radical authoritarian nationalism. Fascists seek to unify their nation based upon suprapersonal connections of ancestry and culture through a totalitarian state that seeks the mass mobilization of the national community through discipline, indoctrination, physical training, economic corporatism  and eugenics. Fascism utilizes a vanguard party to initiate a revolution to organize the nation upon fascist principles. The fascist party and state is led by a supreme leader who exercises a dictatorship over the party, the government and other state institutions. Fascism views direct action including political violence and war, as a means to achieve national rejuvenation, spirit and vitality.
Fascism recognizes the existence of class conflict in societies, and advocates a resolution to end the division of classes and secure national solidarity. However fascism publicly favours proletarian culture, and claims that cultural nationalization of society emancipates the nation's proletariat, and promotes the assimilation of all classes into a proletarian nation.
Fascism advocates a state-controlled and regulated mixed economy; the principal economic goal of fascism is to achieve autarky to secure national self-sufficiency and independence, through protectionist and interventionist economic policies. It promotes regulated private enterprise and private property contingent whenever beneficial to the nation and state enterprise and state property whenever necessary to protect its interests.
Fascism was founded during World War I by Italian national syndicalists who combined left-wing and right-wing political views. Fascists have commonly opposed having a firm association with any section of the left-right spectrum, considering it inadequate to describe their beliefs, though fascism's goal to promote the rule of people deemed innately superior while seeking to purge society of people deemed innately inferior is identified as a prominent far-right theme. Fascism opposes multiple ideologies, such as: communism, conservatism, and liberalism.