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April 8, 2011

Cheap Money Is Causing Commodity Prices To Rise

The cheap money Bernanke’s using to prop up the economy is the same cheap money that’s causing commodity prices to rise. The Fed is going to pretend inflation doesn’t exist, even though it’s creating it. - in Bloomberg

Related: United States Oil Fund LP (ETF) (NYSE:USO), SPDR Gold Trust (ETF), (NYSE:GLD) iShares Silver Trust (ETF) (NYSE:SLV), Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), Newmont Mining Corporation (NYSE:NEM), PowerShares DB Agriculture Fund (NYSE:DBA), iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE:BAL)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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