Gold stocks are taking a drubbing, as are most of the other classic inflation hedges. Why? Because inflation fears have abated. The deflationist view of the world is the one that now prevails. That’s why 10-year Treasury yields have dropped all the way down to 3.35% from a high of 3.95% one month ago.
What this leading indicator for gold is telling us right now… Five specific precious metal plays for you to consider…Three gov’t mandates that could force you to make $63,359 and more…
The gold-to-oil ratio is at ten-year highs – a single ounce of gold can now purchase 22+ barrels of WTIC crude. But what does it mean?
Some Wall Streeters are predicting the credit crunch is almost over. If the IMF is right, though, there could be $700 billion more to go. Hope springs eternal on Wall Street.
