Lots of news!!

1. Draghi says EU recovery is in its infancy. Yeah, like it is a zygote.

2. Janet Yellen becomes leading candidate for FED job, because Summers bows out. She is a former University of California (Berkeley) Professor, which means she is a Leftist. You think Summers bowed out because he did not want a confrontation in the Senate? Who would confront him? The Republicans led by McCain? Or, Senator McMumbles? Summers bowed out because he was told to. Yellen is the choice of Obama, because she wants to enlarge the money printing.

3. Two competing forces are acting on the Stock Market now: a) the expected tapering and b) the anticipation of higher inflation under Yellen.

4. Two JP Morgan Traders admit that their bank is manipulating the precious metal markets. Like are we surprised?

5. Bouillon banks head for default. It is getting close to impossible to deliver the gold that is "sold" on the COMEX. So, two things are in the offing as the financial elites contemplate the mess they created: a) gold deliveries will stop and b) those who own paper gold will get cash. It will not even be called a default.

6. Holland is joining the economically troubled countries of Europe. Its deficit will go up next year.