Did the US government create the Fed to fund WWI, or was WWI created to justify creating the Fed?
¤ Yesterday in Gold and Silver Gold was under pressure right from the open of Far East trading on Monday morning...and by the time London opened, it was down just a bit under thirty bucks. From that low, gold rallied a bit, recovering a bit over twenty dollars of that loss. But that was it, as the gold price continued to edge lower until New York opened. Then the selling really got serious...and by the time that seller was through, the gold price was down over $60 on the day, briefly dipping below $1,800 spot at the low, which occurred about 2:20 p.m. Eastern time in the thinly-traded New York Access market. The price recovered smartly from there, closing well off its low, but still down $44 on the day. Net volume was pretty heavy...around 225,000 contracts. The silver price managed to hang in there until shortly after 10:00 a.m. in London...before it, too, bowed to the selling pressure. An intermediate low was set shortly after 9:00 a.m. in New York, wit...
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