Friday, July 11, 2008

The Perfect Storm

For GT blog July 11, 2008

Finally - an opportunity for the gold bugs to finally be right

The recent bounce in bullion is accompanied by a weaker U.S. dollar and a return of the U.S. 10-year note yield back under the 4% level

Add in this morning’s collapse of the U.S. financial bellwether Fannie Mae (FNM) which will bring renewed crisis and panic back to the U.S. financial complex.

We now have the perfect storm for a SHORT but profitable flight into the gold complex

The gold complex should (finally) be a beneficiary of the current banking and liquidity crisis.

The Perfect Storm for the Gold Bugs

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