From my vantage point, it sure looks like many central banks are turning to gold. We now have Venezuela, Ecuador, Russia, China and now Switzerland accumulating.
In economic news, I guess this is the only noteworthy story:
I cannot see how the banks are making money unless the TARP dollars are turned into "profits" or another Ponzi or Madoff Scheme.
Today, the G20 meet in order to save the banking mess. I doubt that anything will come out of this.
Speak to you on Monday