On The Gold Rally, QEII and Other Links

Topic of the Day: The gold rally

Gold is vaulting toward $1300. And even though the one title below suggest concern, both articles are bullish reads of the situation. The contrarian in me, on the other hand, prefers a slow, steady appreciation and gets nervous when the prices of an asset is vaulting ahead.

In regards to the Fed, most commentators saw the statement yesterday as laying the groundwork for QE II. I still see the Fed waiting until the economy is at death’s door if purely for political reasons. They want a green light from politicians before they wade into QE II or credit easing. See my previous posts on this.

The Usual Fare

The presence of an article in the links section at Credit Writedowns is not an endorsement of the views presented. However, it is a suggestion that the article is topical and worthy of your attention. If you would like to receive our links in real-time, please follow me (Edward Harrison) at @edwardnh. We also have a Facebook fan page now where we also post some links.

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