Investors worried about sticky inflation are dumping gold, which has traditionally served as a hedge against price inflation. Is that a mistake? I think it is, and I'll explain why.
Complaints of gold price manipulation gained attention this week from the Official Monetary and Financial Institutions Forum, a London-based group linked to central banks.
There is also the potential for a full-blown liquidity crisis and wide-scale bank failures. In that case, expect short-term interest rates to soar on the upside.
Israel is preparing its attack on Iran now, according to The Sun, not the most reliable source, but consider all the facts, and it seems almost inevitably true.
