Emerald

Headwinds for Gold?

The Fed cannot raise short term rates or the derivatives market will implode and the stock market will dive as hedge funds sell stocks to cover their Yen positions. Banks are barely hanging on throught their deleveraging and are drafting behind a positively sloping yiels curve. Inflation is a much easier sell even with a weak dollar and rising commodity prices. Rember one simple rule: Politicians (even Democrats)get their reelection money from Wall Street, not Main Street. Hang on to your gold as a hedge against your declining standard of living and debased dollar.