"It was possible, no doubt, to imagine a society in which wealth, in the sense of personal possessions and luxuries, should be evenly distributed, while power remained in the hands of a small privileged caste.

But in practice such a society could not remain stable. For if leisure and security were enjoyed by all alike, the great mass of human beings who are normally stupified by poverty would become literate and would learn to think for themselves; and when once they had done this, they would sooner or later realise that the privileged minority had no function, and they would sweep it away.

In the long run, a hierarchical society was only possible on a basis of poverty and ignorance."

George Orwell, 1984

Gold stabilized today, and silver showed a little resilience.

There was the usual in and out of the Comex gold warehouses yesterday, which are preparing for the April active delivery month.

And I would be remiss if I did not remind you that with the end of the month comes a new Non-Farm Payrolls report next week.

There was intraday commentary and an interview with Jim Rickards on gold manipulation today that you might wish to have a look at here.

I see where the IMF is already putting the Ukraine on the loans and austerity treadmill. (cf. Greece)

Have a pleasant weekend.

By Jesse

http://jessescrossroadscafe.blogspot.com

Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In plewis

roviding information, we hope this allows you to make your own decisions in an informed manner, even if it is from learning by our mistakes, which are many.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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