from Outsider Club:
Gold is off to its best start to a year since 1980, up about 10%.
Because investors are simply catching on to the fact that the Fed’s empty promises of a 2015 rate hike are just that.
Indeed, the ECB’s decision to launch its aggressive 1 trillion euro quantitative easing program has all but ensured the Fed won’t raise rates.
And gold is roaring back as a result.
For the past year, the world’s biggest economic powers, from Europe to Asia, have been engaged in a full-blown currency war.
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