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Gold is marking time today after a big 3-month run, but the RBA's surprise overnight rate cut...

Gold is marking time today after a big 3-month run, but the RBA's surprise overnight rate cut makes it the latest central bank entry in a race to devalue currencies, and one wonders if the PBOC won't be far behind. Gold remains a currency no central bank can print "with a keystroke," says Janney's Mark Luschini, remaining bullish on the metal.
Comments (8)
  • Where is William Jennings Bryan when we really NEED him?
    2 Oct 2012, 02:49 PM Reply Like
  • He exits as the head of the Federal Reserve. Lots of easy money just like Bryan wanted.
    2 Oct 2012, 07:08 PM Reply Like
  • old soybean trader branching out into gold
    2 Oct 2012, 03:18 PM Reply Like
  • Where is William H. Seward when we really need him. He is the guy who bought Alaska and got all the gold and got all the oil. He paid 7.2 million for Alaska in 1867.
    2 Oct 2012, 03:30 PM Reply Like
  • Hitting resistance at spring 1795 highs, but pullbacks have been shallow. There is a bid.
    2 Oct 2012, 04:11 PM Reply Like
  • Does "surprise" really belong in a headline anymore about a Central Bank easing their monetary policy?
    2 Oct 2012, 04:19 PM Reply Like
  • If Seward wants to double his money, I will buy Alasks from him right now for $14.4 mil
    3 Oct 2012, 05:02 PM Reply Like
  • Did anyone listen to the debate tonight?
    These guys think they are water skiing in the Bahamas but that screeching they heard was an iceberg.
    4 Oct 2012, 01:40 AM Reply Like
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