Quote:
Originally Posted by pyrangello
And so now we have a man of the year , (time to take a #2) who saved us from all of this . " The new toilet paper for 2010. "
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Breaking News!!!
Date: 12/16/2009
By: PaL
"Announcement of Bernanke epithet shoots gold straight up"
...now that's a green shoot!!!
SEE TODAY'S, 12/16/2009 LIVE GOLD KITCO CHART * NY Time 10:00
Inflation Fears Boost Gold Prices
By Alix Steel 12/16/09
NEW YORK (TheStreet)
Inflation worries shook markets after the producer price index jumped 1.8% in November. During times of inflation, the U.S. dollar loses value and investors buy gold as an alternative asset buoying prices. Investors are also waiting on the result of the Federal Reserve's FOMC meeting. The Fed is expected to keep interest rates low for now but there is a growing consensus that the Fed will raise rates sooner than expected to combat growing inflation.
Continues: http://www.thestreet.com/story/10647...m_ven=GOOGLEFI