Why is Gold up Nearly $60 This Morning?
by Michael J. Kosares
USA Gold
It has something to do with Yellen’s not dovish enough Congressional testimony. It has something to do with global financial system problems associated with low interest rates. It also has something to do with emerging countries at the doorstep of penury. And last but not least, it has something to do with disinflationary pressures that threaten the financial system and world economy as a whole. However, these things, albeit good reasons to own gold, would normally play out in the price over an extended period of time.
Let’s dig a little deeper – beneath the popular generalities being bandied about the past several days – to discover the reasons why gold would move so forcefully over such a short period of time.
I find three:
Continue Reading at USAGold.com…
Source: http://financialsurvivalnetwork.com/2016/02/why-is-gold-up-nearly-60-this-morning/?utm_source=rss&utm_medium=rss&utm_campaign=why-is-gold-up-nearly-60-this-morning
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