don't let the gold bugs bite

Failure of the Facebook IPO confirms a change in the mood of  the market. In an uncertain market FB will have to have stellar results, not just prospects. Yesterday's session saw favorable housing data trumped by EU breakup fears. Recent events, by all appearances, marks the end of dot.com social networking expansion for this mania moment. Cash is flooding the dollar and after that it will be soon time for gold bugs to bite.