Chart of the Day: Is Gold About to Get a Monetary Blast (Off)?

By Global Macro Monitor On Jan 23, 2012

Watch gold as it pushes up against the downtrend line. Any hints from the Fed of QE3 could send it “to the Moon, Alice!” The Fed rejoining the party and the LTRO2 coming next month could be an explosive mix.

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Milton Friedman, Functional Finance and the Government Budget Constraint

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