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APR 24, 2013 - Zero Hedge

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The One Line to Watch For Where Gold is Heading

  Since 2011, the Fed and other global Central Banks have injected over $2 trillion into the financial system. They’ve also announced plans to continue pumping money ad infinitum.   And yet for the period from 2011 until two weeks ago Gold, the inflation hedge of choice for investors, hasn’t done much of anything. Why is this? Part of it has to do with simple sentiment. Gold was overextended in 2011, stretched far away from its primary trendline:     On top of this, investors had gone too carried away on expectations of more Fed liquidity. QE 2, which was ... Read More

Tags: The One Line to Watch For Where Gold is Heading,  Gold Latest News