Armagedon

Why Oil and Gold Are Headed Much Higher

Horrible article!!! Gold is a commodity. It is declining in price due to a contraction in monetary supply due to shrinkage in velocity of money (reduced lending). Pumping money into the economy does not compensate for the reduction in velocity and all asset prices will fall.

If and only if banks start lending again (why would they when they can live off the interest of those government loan?) then would I even begin to worry about hyperinflation.

Conclusion: No lessons learnt. Wall Street is still full of talking heads. The sell-side is not worth a cup of coffee.