Demand dries up

OK so new homes sales plunge to a record low as demand dries up. This is terrible news. Well, things are about to get worse. Folks, we are going into a major depression not a recession. This is the big one.

Meanwhile, gold powers on to a seven week high on poor economic news. This is to be expected as metals are seen as safe and secure. People view GOLD as a safe haven in a time of trouble like, for example - now.