Long Gold ~ 655 and Long GLD 64.95 ... needed to get long gold into the weekend after a %10 correction from the highs...
if central banks and wholesale bullion banks weren't trying to keep the price artificially low for the last 20 years and we had an accurate measure of inflation out of the fed Gold would be 1000+ already....
Its crazy how many people price gold on conventional fed inflation measures and yet they dont care about the MASSIVE growth in money supply over the last 93 years that the fed recently stopped reporting on, the M3 number.
Whats even scarier are these economists and pundits claiming that the rise in metals , energy, housing prices is the CAUSE of inflation. high prices DONT CAUSE inflation, they are the consequence of inflation and reduced purchasing power, which is cuased by an increase in the money supply(i.e. more dollar bills printed and loaned out of thin air)
Why should Americans who are the major USD holders, care how many dollar bills "hellicopter ben" can legally counterfeit anyway ?
