Archive for September 8th, 2008

Sep 08 2008

Gold Investments Market Update - Nationalisation of Fannie and Freddie is Bearish for US Dollar, US Stocks and Economy

Published by Mark O'Byrne under Market Updates

Gold
Gold surged at the open in Asia with news of the de facto nationalisation of the US’ mortgage giants in what amounts to the largest bailout in world financial history. It has since given up some of these gains in early trading in Europe due to more counter intuitive dollar strength which looks increasingly overbought.
Gold [...]

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