Thursday, June 10, 2010

Bernanke says "Gold Acting Differently than Rest of Commodities Group" - I Agree; New Mortgage Applications at 13-Year Low

It's not often I agree with Ben Bernanke, but this time, in regards to gold, I do. Please consider Bernanke Says Gold, Commodities Conflict on Inflation. http://www.bloomberg.com/apps/news?pid= ... aiR8&pos=4

U.S. Federal Reserve Chairman Ben S. Bernanke said gold prices, which surged to a record yesterday, are sending a different signal on inflation than raw materials.

“Other commodity prices have fallen recently quite severely, including oil prices and food prices,â€