Short but very important gold lesson

Well, now we know a lot more about gold.  Today, gold was down about $30 to the $890 range.  Then, immediately upon the announcement that the Fed would buy long dated treasuries to "help" the market, gold reverses itself and went up about $20 to close above $930.

If there was ever a better indication that as long as the government continues to try to do things to "help" us, they will fail and gold will win.

You cannot take from those that have and give to those that do not and create wealth.  If you are exceptionally lucky, you won't have any effect.  But, in virtually every situation, this redistribution will hurt the economy and the dollar and help gold.