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"The End Of The World As We Know It" mega-event that so many had geared up for, took place over the weekend. And, once again, people woke up, ate their breakfast, and went to work as they would on any other Monday while the sky remained in it habitual place. The biggest ever rescue of a financial entity was carried out by the US government. "Frannie" has now been put into conservatorship and half of the US mortgage market is suddenly looking like it will have the support it needed but was lacking in order to avoid a collapse. If ever there was a Monday to wake up to four-digit gold prices, today would have been the day. A scenario that had been prophesized as the ultimate 'prefect storm' for the safe-haven that gold can be in such conditions, resulted in prices barely edging up to the same resistance level at which they stalled last week - near $819. For the moment, that number remains the one to beat while $800 remains the one not to slip under.
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