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Commodities Briefing - Categorized | Bullion/Gold, Currencies more

Gold still appears to be the ultimate currency

Posted on 12 March 2013

The Dow Jones Industrial Average climbed a steep wall of worry and last Tuesday returned to its all-time high from late 2007. The Dow finished at 14253.77, topping the previous record set in October 2007 and is already up 8.8% for the year.
The Fed’s expansive monetary policy to prop up the economy has kept stocks climbing higher despite a less than glowing global economy. By pumping trillions into the financial system, the Fed has convinced investors it will provide a safety net for future shocks. In addition, by keeping interest rates extremely low, the Fed is forcing investors to seek higher returns in the stock market………………………………………..Full Article: Source


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VRS - who has written 36064 posts on Opalesque Commodities Briefing.


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