As excerpted by Mac Slavo, Roubini says that there are only two reasons why gold can go up: inflation, which is nonexistent right now, and economic Armageddon, which has been avoided.
Slavo hints at a possibility that Roubini didn't mention: potential inflation, currently bottlenecked by a tightening of lending by U.S. banks. Also unmentioned is the U.S. dollar's fall.
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