Sept. consumer credit surged by $29.9 billion, almost double estimates, as higher prices and an absence of stimulus checks forced Americans to borrow more to buy stuff they can't afford. As much of this debt was used to buy imports, our record trade deficits will get much bigger.
The #Fed announced the taper and #gold didn't go down. The Oct. jobs report came out stronger than expected and not only didn't gold drop, now it's up over $20 per ounce at $1,814. This is the first stronger than expected jobs report that gold shrugged off. The sellers are gone!