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Gold hits its highest level since February, +1.4% to $1,731 as QE expectations for next week...

Gold hits its highest level since February, +1.4% to $1,731 as QE expectations for next week ratchet up following the payroll report. Silver and copper follow suit, both posting large gains and multi-month highs. And don't forget Beijing - now getting serious about its own stimulus efforts.
Comments (8)
  • Silly barbarous relic.
    7 Sep 2012, 10:02 AM Reply Like
  • and CITI Forecasts $2500 - article link
    7 Sep 2012, 10:26 AM Reply Like
  • Also forecasts stock indexes -20% and EUR/USD ~ 1.1 (C forex analyst). This is a crazy set of predictions.
    7 Sep 2012, 04:24 PM Reply Like
  • A silly barbarous relic for some, but in times of excessive credit creation, inflation and deflation it does a pretty good job of protecting the purchasing power of one's assets. It may have gone unnoticed to some, but the purchasing power of dollar assets has declined by over 30%. Check out the performance of gold during the same period. You will see that the number is over 500%.
    7 Sep 2012, 11:12 AM Reply Like
  • In ancient times the Romans held the gold,
    not the Barbarian race.
    Now the elites cry only Barbarians hold gold,
    Run kid!
    Fetch me my mace.
    8 Sep 2012, 02:35 AM Reply Like
  • Everyone is slugging it out to determine who has the worst currency. I'll take gold for a little while..maybe someday I'll have more confidence in the world's decision makers.
    7 Sep 2012, 01:02 PM Reply Like
  • Good luck on the "someday" hope.
    7 Sep 2012, 05:16 PM Reply Like
  • I hear ya. These things arent sustainable.
    7 Sep 2012, 06:51 PM Reply Like
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