Originally Posted by
jghilino
fed is stopping stimulus, interest rates and inflation are going up, metals are headed back up, crude oil is over $100 and holding which is good for metals. I still think theres a chance gold will retreat to $1000 before it starts the run to over $2000.
FED might be backing away from stimulus but they are not stopping it. Interest rates are still low as hell compared to what they were, investment money isn't free anymore (and if we get anything over marginal inflation they will dump free money again). Crude oil goes up because of speculation (crisis in Egypt/Syria spreading to the oil producing nations gets people worried). Libya used to get paid in gold for oil, don't think that is the case anymore.
Metal prices in general go up with demand, where is that demand coming from? People who have to pay more for gas to get to work buy less other stuff. I wonder what the next bubble will be, gold and silver are done for a long time.
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