Romney, Republican Party raise $40M in April

(AP) Romney, Republican Party raise $40M in April
By JACK GILLUM
Associated Press
WASHINGTON
Republican presidential challenger Mitt Romney and his party raised a combined $40.1 million in April.

The figures put the likely GOP nominee's fundraising haul closer to the $43.6 million that President Barack Obama and the Democratic Party raised last month. Romney's campaign pulled in about $12.5 million in March.

April's reports offer the first fundraising tallies of the general election. Romney began raising cash with the GOP last month.

The new fundraising totals don't include the hundreds of millions of dollars being spent by "super" political committees that can raise and spend unlimited sums of cash.

Both campaigns' detailed financial reports are due to the Federal Election Commission by midnight Sunday.

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The past several months have seen the price of gold slump even as the Fed and other central banks have accelerated their massive expansion of paper money. Gold is off about 20% so far this year with silver down almost 30%. The old adage--“don’t fight the Fed”--particularly comes to mind now because the US equity markets have been setting new highs during this same period. All of these gains are nominal, you understand, but for terrified American policy makers and investors, nominal is just fine.

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