North Korea sets off a nuclear bomb and gold barely moves an inch. I am not impressed. Sentiment on Kitco Commentary remains mostly complacent (link to index). Again, fear is bullish, glibness and forecasts of rallies to come when something is weak is not good. Too many folks are comfortable buying this weakness, for me to be comfortable buying this weakness :). Or as Groucho Marx put it, "I don't want to belong to any club that would accept me as a member."
Elsewhere AA kicks off earnings season with a dud. A down forecast from Legg Mason is troubling as brokerage is one of the leading groups in the advance. Housing continues strong. Airlines and other transports moving up as oil heads south. Oil stocks have firmed up.
For coin collector folks, the buzz is about the 20th Anniversary Gold Eagle set. Issue price was $2610 and many sets have traded above $5000, with strong offers a tad lower than that.
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