| The price of gold per ounce is exploding! Gold | | | | meeting that all the talk about the importance of |
| bullion has gone up forty-six dollars in the last | | | | a strong dollar and the concern about rising |
| couple of days alone. Gold is now up eleven | | | | inflation was just that - TALK! In actuality, the |
| percent year-to-date. Gold has also broken above | | | | Fed is more concerned about the state of the |
| the critical $900 level. | | | | economy than they are about saving the dollar. |
| I'm going to explain the reasoning behind the | | | | As soon as it became clear that the Fed wasn't |
| recent explosive move in gold. I'm also going to | | | | likely to raise interest rates any time soon, gold |
| explain why I feel that the price of gold per ounce | | | | began exploding to the upside! |
| is going to rise even higher in the coming weeks | | | | If you think last week's action in the gold market |
| and months. | | | | was exciting, just wait. Over the long-term, the |
| Let's go back to a couple of weeks ago - | | | | price of gold per ounce is going to move even |
| Federal Reserve Chairman Ben Bernanke, along | | | | HIGHER. |
| with several other Fed governors began talking | | | | You see, the Fed is in a bit of a predicament - |
| tough about inflation. | | | | If they raise interest rates, the weakened financial |
| The financial markets wrongly got the impression | | | | system could collapse. If they don't raise rates, |
| that the Fed would begin to raise interest rates, | | | | the dollar will continue to weaken. |
| possibly as soon as August. The dollar began to | | | | Sadly, the Fed's inability to raise rates will cause |
| rise in response and gold sold off. | | | | everyone to lose. The dollar will continue to fall |
| However, it soon became clear, after the most | | | | and the economy will suffer because of higher |
| recent Federal Reserve Open Market Committee | | | | inflation. |