Market Falling Way Behind Metals
February 15, 2007
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Fed Head Ben Bernanke is referred to as Helicopter Ben for good reason. Apparently he hasn’t seen a market yet he can’t print his way out of.
So while the Dow 30 was up yesterday about 200 points in the previous 24 hours, take a look at what’s happening to gold and silver since equities started getting pumped up in October. The broad market is falling well behind precious metals.
Remember, it’s all about precious, not fiat.
And look what’s happened since early January when I boldly opined that a market melt-up on the back of Bernanke would send the gold price from 600 to 750 in 100 days. Well, in time and price, we’re halfway there.
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