27.07.2011 - Precious metals monitor: Confidence crisis keeps gold bull running
Resolution to U.S. debt ceiling fiasco won’t mark the end of gold’s historic rally. With the immediate European sovereign debt crisis behind us, it could have been reasonable to believe that gold prices would be due for pause at the least, perhaps even a correction. But as we’ve said before, gold’s fundamentals remain extremely constructive, last week’s temporary European solution notwithstanding. This week the U.S. has moved into the headlines as Congress continues to wrangle over raising the $14.3 debt ceiling.............................................Full Article: Source
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