Gold and Futures Rocket As Central Banks Keep The Printing Presses On Turbo

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This morning the S&P 500 e-mini is trading higher by 9.00 points to $1144.00. The early rally higher in the stock market is being lifted as the U.S. Dollar Index has declined. Nearly everyday I write the same thing when the U.S. Dollar Index declines the major stock market indexes will inflate and trade higher. December gold is trading higher by $15.00 to 1332.00 an ounce. The SPDR Gold Shares
GLD
are trading higher by $1.56 to $130.02. This is a new all time high for gold and there seems to be no end in sight as to how high it can go. As long as the central banks around the world continue to print money we should see gold and most commodities will trade sharply higher. November crude is joining the inflation rally by trading higher by 0.77 cents to $82.23 a barrel. Crude has rallied sharply since September 23rd and remains near the upper trading range that it has been trading in since early August. Last night Bank of Japan made a decision to cut rates and follow the current Federal Reserve Bank model of quantitative easing. This caused the Yen to weaken and helped to inflate the Japanese markets higher. Please realize that this is also a major catalyst for gold. Gold has now become the worlds reserve currency as the central banks will try to inflate the markets to no end. Enjoy this rally now because it will not have a pretty ending.
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Posted In: NewsMarketsMovers
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