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Investors who have enjoyed the sanctuary of gold mining stocks (GDX -3.7%) recently are feeling...

Investors who have enjoyed the sanctuary of gold mining stocks (GDX -3.7%) recently are feeling the pain today, after Bernanke's testimony failed to deliver on hopes for QE3: ABX -4.7%, GG -3.2%, NEM -2.2%, AU -3.4%, GFI -3%, KGC -7%, AUY -2.4%, AEM -3.2%, IAG -4.1%, NGD -3.5%. (earlier)
Comments (3)
  • Obama told Bernanke no gas on the fire until closer to election day
    7 Jun 2012, 01:10 PM Reply Like
  • In addition, with the current influx of money from the EU to the "safety" of the US, there's no pressing need for the Fed to start buying to force/keep yields down. The only "down side" is that such inflows make the USD stronger, putting a dampner on exports.
    7 Jun 2012, 06:12 PM Reply Like
  • If gold was not money, then why do we hear so much about it in investment circles, news, ads, ad nauseum?
    All of this flap in the world regarding our problems are going to re-align all the nay-sayers regarding gold as money. Write this in your almanac. Gold, silver, platinum, palladium and perhaps even copper will soon be 'money'. We will always have 'paper money', as it is easy to agree on what it is 'worth', by what it will buy. But the PM's will rule the roost. In fact, gold already does. It is the final barrier of solvency or bankruptcy. Countries hoard it because it is money. ( and can be converted into ANY fiat currency that exists )
    Buy some now, avoid the fall rush.
    Capt. Brian
    The Lost Navigator
    8 Jun 2012, 12:00 AM Reply Like
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