.....Gold prices edged lower Friday, on pace for an eighth straight losing session, amid mounting evidence of improving economic growth in the U.S. that would strengthen the case for an interest-rate increase.  –Wall Street Journal

Gold went up by 16 percent in the first quarter of 2016 and kept on moving even afterward for a total of 20%.

Investors are nervous about the economy and the first quarter's results reflected those nerves with a rise in gold.

Since then it's moved down some 6% as Janet Yellen has counterattacked with vaguely worded suggestions that the Fed might hike rates again.

As we pointed out in a recent article, the idea that the US economy is on an upswing seems difficult to believe.

The US owes something like $200 TRILLION if one includes Social Security and other outflows going forward.