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News Link • Gold and Silver

Gold and US Treasuries: The Bulls and Bears of Fed Policy

• Addison Wiggin for The Daily Reckoning
Zurich, Switzerland – As we might have forecast, the government didn’t shut down. Gaddafi in Libya wants a ceasefire. And while another earthquake has hit northeast Japan, it doesn’t appear to have wrecked anything that wasn’t already destroyed. And yet, silver has pushed to another post-1980 high. At last check, it’s $41.27. Spot gold hit an intraday record in overnight trading at $1,476. Something more than the crisis du jour is driving these metals higher.

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