07.01.2013 - 2013: The end of gold's 12-year winning streak
A major theme in gold over the course of this bull market has been the metal's tendency to rise in sync with "risk assets," or economically sensitive assets. The thesis for holding gold has been clear: exceptional expansion of the base money on behalf of the Fed (i.e., balance sheet expansion) adds financial liquidity to the system and pumps equities and commodities higher as interest rates on fixed income securities become negligible. ..............................................Full Article: Source
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