Comment: ron is for real

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ron is for real

I don't need to down vote you, but Bernanke had to taper to save face. The Fed now believes the data they are reading, but won't commit to any date to raise interest rates except "after QE is over." This doesn't mean they won't still utilize QE in the future "if" interest rates shoot up. They have no choice but to do that.

They have time on their side because the problems will shift to Europe through the end of the year. With Japan and Europe imploding, this will be Treasury bullish and dollar bullish and can still hurt gold.

I see one more smack down in gold and then we're off to the races and all the Fed's horses won't be able to do a thing about what will come next. They will feel the effect of the house of cards they built.

Author of Buy Gold and Silver Safely
Next book: Illusions of Wealth - due out soon
Also writing book We the Serfs!