What Does Gold Know That All Other Asset Classes Don't?
Presented with little comment as it appears Gold (and Treasuries) are not as ebuliently following the 'Hilsenrathian' path of most ignorance to NEW QE - as GDP beats, stocks near multi-year highs, and housing recovering on its own just does not seem like the recipe for extreme Bernanke action.
Paradoxically, it would seem any extreme monetary action from the Fed now would mean they absolutely do not trust the macro data that is being spewed to the market every day and surely is the signal that things are a lot worse than anyone thinks.
The USD is weaker, stocks are stronger; but Treasury yields are revrtingh higher and Gold is at the day's lows...
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