If you think you've got problems, yesterday Winnipeg was colder than Mars. Literally. The Mars Rover recorded a higher temperature than Winnipeg.
So quit your whining.
Now here's some morning news:
BI - every new Fed chair faces a test. This is funny. Every single time a new Fed Chair has been inaugurated, gold outperformed stocks. For at least 2-3 months, according to the chart. Now, insufficient sample size and all, and I don't see a fundamental reason for it; but even still it should give goldbugs hope, no?
Reuters - India considers easing gold import curbs. The usefulness of this article depends entirely on whether Manoj Kumar really does have any contact with "government sources", or whether he just took a bribe from JP Morgan to run the article. We'll see within the month, apparently:
The decision to cut the import duty is likely to be taken anytime this month, said one of the government sources, who has direct knowledge of the deliberations but did not want to be named because of the sensitivity of the issue.So why would the government be changing their tune? Well, #1 the Congress Party are incompetent morons, but here's reason #2:
Jewellers, who estimate India's monthly demand to be nearer 60 tonnes, have been asking for a duty cut to 8 percent and have the backing of the main opposition Bharatiya Janata Party, which is leading in state polls ahead of national elections due this year.Erm, toldyaso?
der Spargel - racist Germans wish to ban "poverty immigration". By "poverty immigration" the article means the free movement of people within the European Union to find the best market for their labour, and by "racist Germans" we mean mainstream Germans, especially that nation's bastion of Nazism the CSU. Again, yet more proof that Germans only want to be part of the EU if they win and everyone else loses.