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<p>[QUOTE=&quot;mikem2000, post: 2208458, member: 30574&quot;]I dis-agree.&nbsp; POTUS does not declare when the recession is over.&nbsp; When GDP stops contracting, it is over, it is that simple.&nbsp; Now times may still be be VERY rough when this happens, but that is not the criteria for recession.&nbsp; So without a doubt the recession is over.</p><p>&nbsp;</p><p>Now who exactly does not look at the &quot;charts&quot; Thats all these folks do is look at &quot;the charts&quot;</p><p>&nbsp;</p><p>If you read the FED reports, NONE of them say the economy is GREAT, not a single one.&nbsp; The FED still believes the economy is somewhat fragile, but it is improving.&nbsp; As far as people buying homes&nbsp; yes they are, just check the homebuilders numbers, it will back it up.&nbsp; Cars? same thing, these numbers are available from the companies direct since they are publicly traded so you don&#039;t need to take the Gov&#039;s word on it.&nbsp; Look it up.&nbsp; Production is up, look at todays ISM report, very strong.&nbsp; Obviously energy costs are down, and unemployment is down, layoffs are at historical lows.&nbsp; I cannot see how you can argue these points.</p><p>&nbsp;</p><p>As far as why PM&#039;s are down, well, these things have only indirectly effected the PM prices.&nbsp; PM&#039;s was artifically high mainly due to fear of a crumbling economy.&nbsp; They were priced well above fair value. As the above points started to materialize, folks had a few more bucks in their pockets, they were not afraid to go to work on FRI, for fear of layoff, so confidence in the economy improved.&nbsp; PM prices&nbsp; started coming down to a more realistic and substainable levels.&nbsp; BTW, Gold STILL seem to be trading several hundred dollars above fair value, so I do not think we are done yet.[/QUOTE]</p><p><br /></p>

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