Monday, August 15, 2011

Return to the Gold Standard?

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Today marks the 40th anniversary of the announcement by President Nixon of a New Economic Policy, the so-called “Nixon Shock.”  Faced with a recession and rising inflation rising inflation,, imposed wage-price controls, built a tariff barrier around the USA, and “temporarily” suspended the convertibility of the dollar into gold.

ITZ continues to look for a pullback in gold, which will present a buying opportunity. Past blog post

The Fast Money traders weigh in on how to play the retail sector and a trade on the precious metal, with Rich Iliczyszn, MF Global.

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