Saturday, September 14, 2013

Goldman Sees Risk of Gold Below $1,000 on U.S. Economy

Here is another round of Wall Street firms downgrading gold's prospects.  Their thesis is the global economy is growing again, the US will require less debt monetization due to an improving economy, and all is good.  Exploding debt levels are no longer a problem, and neither are the dormant toxic derivatives buried off-balance sheet.

Yet, it is a given that the US will raise their debt ceiling. OK, got it...

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