Schiff: Draghi’s Commentary Means Gold Will Retest 2011 Highs
By:
Commodity HQ
European Central Bank president Mario Draghi caused quite a commotion last week when he stated that the ECB would do anything in its power to save the euro. Stocks soared and investors saw a bit of confidence return to the market. That was quickly followed by healthy GDP figures from the U.S., allowing a number of assets to climb even higher. Among the best performers was gold, as investors felt the commodity was poised for gains given the commentary from Draghi as well as the wide assumption that Bernanke and the Fed are ready to print more money [see also Three Reasons Why Gold Is Overvalued ]. See the full story here → Related Posts: Top 25 Gold Investing Forums Commodity Plays For the End of Fiat Currency The Most Profitable Months to Trade Gold Were Gold and Silver Manipulated Alongside LIBOR? Why Jim Rogers Thinks Gold Will Drop 20%
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