We are Confident the Bull Market in Gold is Not Over

By Bill Bonner / The Daily Reckoning
Gold rose $3 yesterday...climbing back towards $900. Many gold investors are worried that the end of the Fed's rate cuts also means the end of gold's bull market - at least for the near term. We don't think so. Rate cuts, more loans, rebate checks, money supply increases - it all adds up to higher rates of inflation. And there's no Paul Volcker on the horizon to stop it.
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Posted by Editor at May 8, 2008 04:02 AM