Confidence collapsing, gold surging

http://www.expectedreturnsblog.com/2010/06/confidence-collapsing-gold-rocket.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+ExpectedReturns+%28Expected+Returns%29

There comes a point in time when reality sets in en masse and people awaken from their self-imposed slumber. The ongoing destruction in our economy is not something people want to believe, but it is something people regrettably have to face. President Obama too was granted the benefit of the doubt until it became impossible for even his most ardent supporters to defend his actions. There is clearly a collapse in confidence underway in America- one that I have been expecting for quite some time. The result of collapsing confidence will be new record highs in gold that will blow away mainstream projections.