23.03.2009 - The 'false' commodity boom
From Livenews.com.au: So if you believe gold bugs, last week's Quantitative Easing by The US Federal Reserve will see surging inflation and a whole collection of other bad stuff. So if that was the case after the Fed's move (which means it's following The Bank of England, the Swiss Central Bank, Sweden and the Bank of Japan), why hasn't gold exploded past $US1,000 an ounce, topped the old record of around $US1,033 an ounce and gone higher? Gold finished at $US954.20 in New York on Friday for the current futures contract.....Full Article: Source
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