More exciting news out of the US yesterday with a lower than expected deficit for FY13 looking likely. For the first time in 5 years it might be less than $1trillion! (there hasn’t been a surplus since 1969). Of course the deficit doesn’t account for the $1.02 trillion of money printed in the same year to help achieve it. It also doesn’t account for the unreported accrual of the $124 trillion in unfunded liabilities (Social Security & Medicare and about $7 trillion to this year alone). One must seriously question the validity or at least sustainability of this “US Recovery” and its effect on gold & silver prices..