The Economy’s Striking Gold Is there a stock boom in the making?
The average chattering head will naturally blame the impending war in Iraq, the national strike in Venezuela, and world oil prices for the recent jump in the price of gold. But those are temporary events. Don't buy into such short-sighted thinking.
The prices of gold and industrial metals are rising because the Federal Reserve is sending needed cash into the economy. Gold and metals, of course, are key monetary and economic indicators, and their current surge confirms that the long, dark night of deflation has come to an end.
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