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GOLD/SILVER & MINING SECTION

More Gold Comment - James Grant of Grant's Interest Rate Observer

Posted: Thursday 15 June 2006 - Gold/Silver & Mining Section

Main points -

  • The gold price has doubled in the past three years
  • But it has only just kept up with the price of lead and has badly trailed the prices of copper and zinc
  • Arguably, then, gold's rise to date is not as much a reflection on U.S. monetary management as it is an echo of the commodity boom
  • You can be sure that gold will have its own bull market when the dollar resumes its bear market
  • He doesn’t know when that day will come OR how high is up? But then nor does Helicopters Bernanke
  • Read the full article here

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