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The Fed won't be able to get inflation under control, gold price is going much higher - Wilshire Phoenix

From kitco.com

Investors are once again turning to gold, pushing prices back above $1,800 an ounce, and one firm expects gold prices to continue to move higher as it is unlikely the Federal Reserve will be able to get the inflation under control anytime soon. In a recent interview with Kitco News, Wade Guenther, managing partner at Wilshire Phoenix, which launched the Wilshire wShares Enhanced Gold Trust (NYSE Arca: WGLD) earlier this year, said that it's not surprising that gold has been lackluster through most of the summer as bond yields have been rising. The yield on 10-year notes is holding near its highest level in three ... (full story)

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  • Category: Fundamental Analysis