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Is Gold Going to Become a Mania Asset?

February 25, 2009 by Administrator · Leave a Comment 

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Steve Ellis, a manager of RAB Gold Strategy, is reporting for Yahoo News that the US Federal Reserve has flooded the market with liquidity by more than doubling its balance sheet in less than six months. This means it may be unable or unwilling to withdraw it in time for fear of precipitating a secondary relapse in economic activity. Meanwhile other central bankers are predicted to face intense pressures to “support” their domestic economy by weakening the currency, leading to competitive currency devaluations. Read more

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