Quote:
Originally Posted by Black Jesus
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heres one of the headlines today u moran fucks
Fiscal Cliff Worries Drive Gold to $1,731 | $1,600 territory likely a thing of the past.
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What a stupid headline. A reduction in the deficit (the fiscal cliff) would be bearish for gold, as Bernanke would be able to lower the printing presses from 5th gear for a time. In general, gold is up because the Fed continues it's indefinite QE program. Money supply is the primary factor in the price of all goods. However, gold price is influenced by many other factors. Trying to attribute it to worries over the fiscal cliff is like an astrologer trying to blame the outbreak of war on Mars being in a certain part of the sky.