Gold Commentary

John Embry, who is the Chief Investment Strategist of Sprott Asset Management reported the following in the Investor's Digest of Canada; vol 42 No.1:

1. US jobs report for December was manipulated; given false hope that the US economy was improving.  This false reporting halted the rise in gold in December 2009.
2. US debt problem is much larger than the sovereign debt of Greece. So why was there a rally in the US Dollar? 
3. Urban Myth : the idea that the US dollar and by extension, US financial assets continue to represent a safe haven
4. Appalled to see Ben Bernanke selected as Time Magazine's Person of the Year for 2009.

Read the full report here : Investor's Digest of Canada