Stocks, Gold, Oil, the Dollar, and Inflation: A Potpourri in the Current "Unwinding of Debt" Crisis
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We have seen gold peak at over $1,000 per ounce at the time of the Bear Stearns bailout, and decline into a correction afterwards. I have written on my website in previous articles for many months that I was expecting a temporary pause in the upward progress of the gold and oil markets, and in many other inflation hedge style investments.