The global money pump will continue flowing!
China has given one of its surest signals to date that it plans on keeping its pro-stimulus policies alive. More specifically, it plans to spend the full amount of its planned stimulus this year.
We’ll point out again that all the major powers — the US, Europe, China, and Japan — are in some way taking actions to weaken their currencies. It makes it hard not to like gold, and alas…
Gold is blasting higher:
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See Also:
- Who Needs Gold As An Inflation Hedge When You’ve Got Coke?
- With The US Spending, The Euro Crumbling, And Japan Debauching, It’s Hard Not To Like Gold
- Gartman: Don’t Be Fooled, Buy Gold In Euros And Other Currencies