Interesting analysis of last week's pop in metals
derryb
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"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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Gold up $23.30 and Silver up $0.87.
GrandAm
<< <i>Looks like we are on a roll,,,,,,
Gold up $23.30 and Silver up $0.87.
GrandAm
A result of growing awarness of counter party risk in competing investments. The unfolding Libor scandal is the latest input. When risk is fully considered, metals float to the top.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Looks like we are on a roll,,,,,,
Gold up $23.30 and Silver up $0.87.
GrandAm
It will be $34/$1720 in the fall.