The Colder War will be a long battle, just like the first Cold War, but in the Colder War, judgment day of the petrodollar will be the critical battle.

Where is economic growth going to come from? I think it will spread from the USA and Britain to the European Union in the rest of 2014 going into 2015.

Both GLD, SPDR Gold, and individual stocks like IAG, IAM Gold, are up more.

Sleigh bells ring, are you listenin'? In the markets, the Dow is glistenin'...and so are the other major averages.