Financial Markets & Gold Forecasts 2009 -Update

This is a follow up to the 2009 year forecast issued on Jan 16, 2009. In the first quarter of 2009, we reached the climax of US banking and financial collapse.
* Citigroup was brought down by souring mortgages and traded below a dollar. US government now has a controlling stake.
* Dow Jones traded below 7,000, not seen since 1998.
* The Fed having printed over $1.5 trillion to buy bad debts, promised to print $trillions more to buy mortgages and long term US treasuries to keep rates low
* Global central banks lowered and kept interest rates nearing zero percent
* Asian markets and commodities markets gathered momentum and broke away from US equities. Oil surged $15 from the low $35 to trade at $50.

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