Bernanke’s Bind: One Chart Reveals Gold’s Next Move
June 13, 2010 at 17:31 PM EDT
“I don’t fully understand movements in the gold price…” That’s what Fed Chairman Ben Bernanke admitted this week. But if he were to look at what’s actually going on and every move he has made since 2008, he would understand the price of gold and see where it’s going next. The Next Move for Gold There’s no doubt the financial world is facing a lot of uncertainty. The failure of the Euro experiment, ballooning government debts and deficits, and a general economic malaise have all sent investors running into the perceived safety of corporate and government bonds (they seem safe now, but rising interest rates will destroy their value). This flight to safety has actually been the greatest catalyst for gold prices. Investors piling money…