Loading ...| Pundits Claim Europe, Japan Looking Better. What Are They Smoking? |
||
| by Larry Edelson | ||
Dear silverngold,
Some analysts seem to think there’s an inflation scare in the air. That Europe’s economy is looking a tad better and so is Japan’s. Therefore, they claim, the dollar is going to continue to fall while the euro and yen rally, hence, setting off inflation in the U.S. as a result of a falling dollar. To see how ridiculous their argument is, take a closer look at the facts I have provided here.
|
Snip: So then, you ask, why the huge rally in gold? I warned you it was coming. I have also warned you all along that gold’s next rally would coincide more with the breakdown and collapse of Western economies than anything else, especially inflation.
And so it is. Gold is rallying with no inflation in sight. And instead, with collapsing economies all around it.
Gold has now taken out a weekly buy signal at $1,187.50 — the first step in confirming a new bull market in precious metals.