The Fed couldn't care less what the price of gold is. They are free to print as much money as they like. Price went from $250 to over $1900 and the Fed was printing hand over fist the whole time. No it wasn't the Fed taking down the gold market. My guess is a couple of bullion banks were behind the bear raid.
Hello Toby. You had said that the market would have corrected for some time now. There was a small correction maybe 20pts on the S&P. Do you still see it testing 1900 soon?
I'm convinced the Fed is protecting the market during the tapering process. They don't want a repeat of 2010/2011. So it's anyone's guess when a correction will occur. It doesn't appear to be going to occur naturally so it will have to come as the market breaking free of Fed intervention. It's anyone's guess when that will happen.
Why buy gold then? If the FED has the control of all markets, they cannot let the market fall and will have every mean to stop gold from rising then.
ReplyDeleteThe Fed couldn't care less what the price of gold is. They are free to print as much money as they like. Price went from $250 to over $1900 and the Fed was printing hand over fist the whole time. No it wasn't the Fed taking down the gold market. My guess is a couple of bullion banks were behind the bear raid.
ReplyDeleteHello Toby. You had said that the market would have corrected for some time now. There was a small correction maybe 20pts on the S&P. Do you still see it testing 1900 soon?
ReplyDeleteI'm convinced the Fed is protecting the market during the tapering process. They don't want a repeat of 2010/2011. So it's anyone's guess when a correction will occur. It doesn't appear to be going to occur naturally so it will have to come as the market breaking free of Fed intervention. It's anyone's guess when that will happen.
ReplyDeletethank your analysis
ReplyDelete