In normal times, investors should pay more attention to the credit markets because it's the energy by which everything is driven. It's the oil in the engine.
Rick SantelliI can't remember the exact quote but when I used to trade and Mr. Volcker was Fed chairman, he said something like 'gold is my enemy, I'm always watching what gold is doing', we need to think why he made a statement like that. If you're a central banker or one of the congressmen or senators, watch what gold is doing because this is a no-confidence vote in fiscal and dollar policy.
Rick Santelli