Archive - Jul 20, 2011 - Story
Gold To Rise On $14.3 Trillion U.S. Debt Limit Increase – Bloomberg Chart of the Day
Submitted by Tyler Durden on 07/20/2011 06:04 -0500
The Bloomberg Chart of the Day (see above) shows how gold in dollars is correlated with increases in the U.S.’s debt limit, particularly in the last 10 years. Julia Yoo, a Seoul-based analyst at Korea Investment told Bloomberg that “gold’s rally is quite explosive.” “Increasing the debt limit means you print more dollars, which will weaken the dollar and consequently lift the gold price,” adding to gains this year that were driven by demand from countries including China.”
RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 20/07/11
Submitted by RANSquawk Video on 07/20/2011 04:47 -0500A snapshot of the European Morning Briefing covering Stocks, Bonds, FX, etc.
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