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Jim,
Jul 29 11:37 am
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All Comments by b0572 »Why the Gold Sell-Off is Unlikely to Last [View article]
You talk about Gold going higher in the U.S. due to credit expansion. Does this apply globally as well, because Gold is higher across all currencies over the last 5 years? Also, with the Sub-Prime meltdown, the Fed will have to ease to stave off a recession. The last fifteen years of U.S. growth (expansion) is based on higher debts levels in almost all sectors (Gov't. and Personnal the most). The last thing our government leaders want is a recession, just look at what the Fed did to interestest rates back in 2001. So, based on historical precedence, IMO I expect the Fed to ease and Gold to go up further.