Greg Weldon: I’m Starting to Like Gold Here (Technically)
Today, Greg Weldon covered it all. We started with Bonds then moved to Europe (with some comments on the Fed in between). Later we moved to Gold and Greg likes the technical setup. According to Greg, 2013 has the largest amount of debt that must be sold by most major governments. Of course that could be surpassed in the future but for now, this is an absolute critical year for governments and the bond market.
I asked Greg, “Because of that and the need for even greater monetization on an unprecedented scale, does that mean we start to see some inflationary effects from all of this QE.”
“It’s a great question and a very broad question, but I think yes,” said Greg.
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