Gold is up over $6 to around $923. That totals over $40 over the past two days. There is a huge amount of uncertainty and fear in the market right now and gold is the perfect assets for investors to protect and build their wealth.
Oil is up over $140.
The Dow is down again today after falling around 350 points yesterday.
The banking institutions are in such dire straights that the Fed is looking to loosen the rules and regulations that limit the amount of money private equity firms can invest in the banks. Fed Chairman Bernanke, Treasury Secretary Paulson and other officials have urged banks to raise capital, helping offset the impact of write downs and credit losses. The Fed's balance sheet already looks horrible due to the mortgage related securities that it already took off the hands
Donald W. Doyle, Jr.,
Chairman and CEO
David Beahm,
Vice Pres. and Director of Marketing and Economic Research
