Here's an explanation why.
Update:
After thinking it over, I don't necessarily agree with this analysis. Anybody who thought the market was topping out would have been the ones selling. If a new Fed chairman was imminent, and inflation was kicking into high gear, I'd say we would be closer to a top than not. Bernanke is still there and maybe he will continue long enough to keep this rally going. At any rate, those who sold recently didn't sell at the top. It remains to be seen what that will be, but evidently we're not there yet.
Update 2: 8:15 am
This looks like a good prediction so far. Note when it was originally written.
Update 3: approx 9 am
This is why gold will continue to rise. Until Washington actually starts dealing with problems, as opposed to merely throwing money at them, the dollar and the nation's finances will suffer. Eventually, there will be collapse.
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