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The Gold Bullion at the End of the Irish Rainbow

While several optimistic economic reports have bolstered US markets for the past few weeks, there are signs of fraying at the edges in the recovery. Ireland, one of the first countries to contract in the EU and one of the first to be forcefully bailed out, as a mechanism to restart growth, is now showing signs of what is being called a “re-contraction.” The Irish economy is contracting again, despite all the measures taken to boost it up.

This is important news while the price of gold bullion is correcting in the US markets and some economists are even erroneously wondering if there is the beginning of a bear market. If you need clear indications to see that the price of gold bullion will resume its upward bull market trend immediately following the current correction, then the Irish contraction is the best for you to look at.

While we see and hear news coming out of Greece and Germany regarding the lagging lack of economy and bailouts there, the news from Ireland has been very quiet for some time and many market-watchers, workers, and investors may have forgotten that there are trouble points in other European Union countries besides Germany.

For many US investors, there has been fair sailing for about four weeks now, with stocks in the financial sector at eight-month highs. This is partially why the current correction in gold bullion has been so under-reported and so protracted at 13 percent off recent highs. However, the fundamentals of an optimistic market are lacking if you simply look at the news on the horizon. The European Union is not all better and will begin producing negative sentiment in American markets again. It’s a matter of time.

If you consider objectively where the biggest growth in any market has been, you have to acknowledge precious metals, specifically gold, as one of the top performers. Whether Ben Bernanke’s Federal Reserve intended to benefit the gold market with its market stimulus is beside the point. That has been the effect. There is no recovery in housing, but there has been a surge in gold.

The so-called “safe-haven buying” that may have been lacking in recent weeks will resume again the gold market and gold bullion will again be valued more highly as a fundamentally sound investment in a beleaguered market.

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