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Million Dollar Question: It's All About The Fed Next Week For Gold - September 14, 2013

(Kitco News) - Gold and other financial markets will watch the outcome of next week’s two-day Federal Reserve meeting to see if the Fed finally starts to reduce the stimulus program it has had in place for the past several years.

Gold prices fell sharply this week in part on the idea that after the conclusion of the Federal Open Market Committee meeting Tuesday and Wednesday, the Fed will announce some sort of tapering of its bond-buying program known as quantitative easing. The Fed embarked on the program to stimulate the economy, and gold prices benefitted from the ultra-loose monetary policy.

December gold futures fell Friday, settling at $1,308.60 an ounce on the Comex division of the New York Mercantile Exchange, down 5.6% on the week. December silver fell Friday, settling at $21.720 an ounce, down 9% on the week.

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The Fed and their lackeys...

manipulated the price down this week because when they announce next week that they are not tapering it won't trip any buy signals in the metals market as the markets rise higher. These frauds will soon be exposed...stay tuned.

Love info on silver and gold.

Love info on silver and gold. But easing the quantitative easing isn't exactly tightening the monetary policy with so much already printed. Doesn't silver & gold take a dip in the fall on an increasing high. But if the Fed does ease off buying bonds, gold and silver will probably go lower until....


bump - for consideration.

Don't forget about the elephant in the room. The Fed.

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