What 'manipulation', they're cutting back on QE which goldbugs approve of, right?
The Fed couldn't give a rats ar*e about the price of gold, they'd die laughing if you went over there and told them that.
Printable View
I'm not suggesting that the Fed manipulates the price of Gold (although they may well do - they are after all on record as stating that Gold is their enemy). Gold price manipulation is more the forte of the London Gold Fix Banks (via the Libor rate):
http://www.reuters.com/article/2014/...A240R620140305
The manipulation done by the Fed is by talking markets up to keep confidence high, consumer spending up and the Equity bubble bubbling. Listen to Yellen's rhetoric tomorrow morning but make sure you read between the lines (if you want to profit from it, that is).
BC
The ruble won't be knocking the USD off its reserve currency perch anytime soon.
[QUOTE=Skol;468572]What 'manipulation', they're cutting back on QE which goldbugs approve of, right?
The Fed couldn't give a rats ar*e about the price of gold, they'd die laughing if you went over there and told them that.[/QUOT
http://en.wikipedia.org/wiki/Executive_Order_6102
Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.
Skol NEVER in the history of mankind has gold been deemed worthless by ANY civilized society.unlike this
Woman finds 100 MILLION lire in her safe - only to be told it's worth NOTHING because Italy has had the euro for more than a decade.
http://www.dailymail.co.uk/news/arti...ro-decade.html
or this inflationary flag £1 coin is to be scrapped: New version will be shaped like old threepenny bit
http://www.dailymail.co.uk/news/arti...penny-bit.html
Skol you CANNOT print more gold.Its gold or its not however we all knooooooow you dont get it.
PS I am likely to come last in the share comp so what the @#!% do I know
Ding dong......conspiracy theory alert!!!!!!!
FDR was not the Fed, and the gold standard was the main reason for the Great Depression.
Janet Yellen has implied interest rates will rise sooner rather than later, that's the death knell for gold.
Daytr seems to be MIA. He forecast $1420 by the beginning of April.
Maybe he's too busy fielding angry phone calls from his disciples, XGD down over 6%.
Astrologer 1
Goldbugs Nil
THe astrologer predicted that there would be 'a sudden sharp drop in precious metals' this week. Not bad. Says gold is moving back to $1180.
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USD/EUR