The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label copper. Show all posts
Showing posts with label copper. Show all posts

Wednesday, October 26, 2011

Gold meet inflation as prices climb over $1700 an ounce

Over the past 30-45 days, gold, silver, and most metals have been given a fine haircut by the markets, and especially the Hedge Funds who needed to sell off to cover positions in the equity markets.

Over the past 3 days however, gold, silver and copper have rebounded strongly in the face of the Euro and US debt crises.  The reason?  Inflation.  And the cause assuredly is tied to a sudden influx of dollars by the Fed in certain 'programs' that have been achieved under the table, and outside the mainstream processes.

The growing risk now is that in a desperate attempt to solve the crisis, bankers and bureaucrats in the EU, US and elsewhere are practicing an extreme form of financial alchemy which risks stagflation and possibly in a worse case scenario hyperinflation.
Monetary economics and history shows that there will be costs and ramifications for the creation of billions and trillions of euros, dollars, pounds, yen and other fiat currencies. - Goldcore via Zerohedge
Chart courtesy of Zerohedge

Already this morning, gold is up $13.50, and there events in Europe are far from being resolved.