So Dr. Bernanke hinted at some sort of new stimulus in September and that he has “the tools” he needs.

One can only wonder what those tools might be, however, the hint of action was enough to offset today’s downward revision in GDP to 1%, an accounting error from contraction and the potential onset of a double dip recession.

So things remain sketchy, at best, in my opinion, as we head into the next to last “official” weekend of summer.

For forecast of gold check out gold forecast page.