As we all have been wondering what can/will happen with the Euro Zone with Gold and the Dollar, David Morgan, spells it out and the different events which can/will cause Gold to rise and the dollar to fall or rise.
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Portion - link to read the full article
The S&P downgrade of U.S. credit is one reason for the continued strength in gold prices - but the larger issue here is the value of the overall U.S. economy in comparison with other major economies. This comparison will have the biggest impact on gold prices and the value of the dollar going forward.
In the next 12 months, there are eight scenarios that could have a major impact on the value of gold and the dollar:
Note: I understand David Morgan will be on Cable T.V. on Fox Business News today ( Aug 11 2011) at 1:20pm est., regarding metals/silver.
Live computer feed for Fox Business News.
Live computer feed for Fox Business News.
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