The Phaserl


Another Two Week Low In Gold, Despite Federal Reserve Stepping On Gas

from United CPM:

How could it be? The Federal Reserve has announced it will continue buying long-term debt, yet gold demand is at a low and sentiment is abysmal. It’s never been lower since the beginning of the bull market run.

In their October 30 press release, the Federal Reserve Bank’s Open Market Committee blamed an ailing economy on a lack of government intervention in monetary policy. Despite $85 billion is being printed monthly. It announced it would continue purchasing long-term federal debt and mortgage-backed securities indefinitely.

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