So, he is faced with a quandry. Unsold homes, mortgage foreclosures, lower household wealth, high unemployment, modest income growth, are between the rock and the hard place. As the dollar keeps weakening, gold, silver and oil keep strengthening. Gold has madly rushed to $1556.40 an ounce, without any real correction. Oil prices are up 7.3% in April as speculative fervor in the futures market recongnizes the repeat of a classic momentum trade. Silver is getting ready to make its final push through $50 an ounce just as the regulator and market participants are madly raising margin requirements.
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