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Stocknawe

12/04/13 10:45 AM

#7938 RE: sumotrader #7937

Gold needs to cut the cord on this economic nonsense and play its own game, by its own rules. The majority of gold production is for retail and manufacturing, of which optimal performance is reliant upon a strong economy. A strong economy will propel gold sales, and don't forget full employment is inflationary. Isn't gold considered a hedge against inflation? The speculators tied gold with the economy, claiming gold’s worth is based upon the need for monetary stimulus. You can fool some of the people, some of the time, but not all the people all the time, the jig is going to catch up with them or later.