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Melman on Gold & Silver

It’s amazing how a few pictures could place an entire Presidential Administration on the defensive, yet that is exactly what has happened during the past month with the publication of the photos out of Iraq, which presumably show American soldiers engaging in acts of torture, humiliation and ridicule inflicted on their Iraqi prisoners.

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Well, will wonders never cease!? It appears that Fed Chairman Alan Greenspan actually smiled when giving his most recent testimony to Congress. Actually, he was so upbeat that he carried the whole stock market with him—as well as others around the world. In fact, if there was one over-riding characteristic of the past month, it was the return of optimism over the economic future.

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