Bernanke and the Gold Rally

Gold prices are in retreat – their steepest two-day decline since March – on the announcement by Fed Chairman Ben Bernanke that inflation “appears likely to remain subdued for some time.” He also reminded us that the weak labor market (can you say jobless recovery?) and tight credit would provide “formidable headwinds” to the economy. Those of you who read Investment U’s November 24 issue – We Apologize For Interrupting the Gold Rally, But… – knew this was coming. And I hope you took action… Read more...