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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 421.32-0.5%Jan 16 4:00 PM EST

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To: GROUND ZERO™ who wrote (24184)4/9/2011 4:26:04 PM
From: ecrire  Read Replies (1) of 29622
 
Agree. Practically all commodities trading at historic highs. Are they all in a bubble?
Look no further than Fed overstaying their easy money policy, exporting inflation to other nations .Bernanke's orthodox economics (easy money lifts all boats) must end as the downward impact on the US Dollar may become uncontrollable.
A case in point: Portugal bailout would, a few months ago,have led to a weaker Euro; instead it rallied sharply against the Dollar. Perceptions have changed.
Possibly the Budget agreement may give the Dollar a dead cat bounce but it wont last.
Upshot? Investors flee currencies; and buy tangibles and Gold.
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