"Before we get to the Friday gold bug porn, I wanted to post a quick report on the new home sales number released earlier this week, mainly because the mainstream media headlines reported a small gain in new home sales from November to December. The Truth is that new home sales dropped 2.2% from December 2010 to December 2011, and that's the "seasonally adjusted" number. The actual number was 21,000 homes, the lowest since Jan 2011 and on par with the lowest monthly home sales on record. The actual number was actually below November's 22,000, so the Truth belies the headlines reported. In fact, annual sales in 2011 hit a new record low going all the way back to 1963, when the Government first started keeping records. The median and average price continues to plummet as well."