Gold Investments Market Update - Deflation Now But Onslaught of Inflation on the Horizon
By Mark O`Byrne
11 March 2009 @ 07:45 am EDT
Gold fell 2.2% yesterday (silver -3.1%) as increasing risk appetite saw stock markets in the US surge. A rally in stock markets was overdue but the sustainability of this latest rally is doubtful and equity markets in Asia were mixed and after a lower start, are tentatively higher in Europe. The financial and economic fundamentals remain very poor and deteriorating and unfortunately this is likely yet another dead cat bounce in equity markets.