Everybody's runnin' and no one makes a move
Everyone's a winner and nothing left to lose
There's a little yellow idol to the north of Katmandu
--John Lennon
Blog bites on a weird market day. UK closer to bank nationalization after this weekend's Royal Bank of Scotland (RBS) bailout (failure). Subsequently, Pound is getting, er, pounded. BKX off another 12% (we're looking at a BKX 27 handle today). Dollar rallying 1%+ on top of this news. And gold rallying over 2% despite the USD strength.
Most peculiar, mama.
position in gold
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