By: Mary Anne & Pamela Aden
"Gold jumped up on the eve of the U.S. election. It seemed to be looking beyond... and indeed it was. Gold continued rising as the attention then turned to the fiscal cliff and escalating tensions in the Middle East.
"The markets have been focusing on the next major problem. The fiscal cliff will surely help keep the markets volatile. But the ongoing uncertainty and the historical money pumping will continue to be dominant factors affecting the markets.
"Gold sees inflation coming. With the Fed's ongoing record stimulus, for example, it sees uncertainty as the only real certainty. It sees a debasing of the currencies while the soaring monetary base in the U.S. and around the world mounts. ..."