GREY:OLEPF - Post by User
Post by
arlene2on Apr 10, 2013 1:01pm
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Post# 21237199
PRICE OF GOLD
PRICE OF GOLD down today.........IMO for two reasons......1) Cyprus announced that they plan to sell over half a billion dollars of their gold reserves and 2) minutes of the last Fed meeting indicated that some members were CONSIDERING cutting back on QE..........The first is probably true as they desperately need the cash , but the second reason is ,in my strong opinion , strictly propaganda to protect value of U S Dollar......Cutting back on QE any time soon would likely result in a deep recession , which Bernanke is totally against.....