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  • The Recovery That Never Happened...

    04/23/2013 7:34:19 AM PDT · by IbJensen · 3 replies
    Artipot ^ | 4/22/2013 | Bill Bonner
    Gold seemed to be stabilizing at the end of last week. Commodities remained weak. Steel has fallen 31% this year. Brent crude is off 17% since early February. And copper is down 15%. Copper is the metal you need to make almost anything - houses, cars, electronics. When it goes down, it generally means the world economy is getting soft. At the start of last week, the conventional analysis of the gold sell-off was that the central banks' efforts to revive global growth were working. The feds had the situation under control. So who needed gold? By the end of...