RE: RE: RE: RE: Will we ever see sub 1400 gold aga Hey gwizard
- If the jobs report today was so good that it might cause Fed to scale back, why was the DOW and S&P rallying ??... I mean, ain't tapering bad for stocks just like it is bad for Gold.
- Read the "Mysterious move in Gold @ 8:30 today" on CNBC. Even Zero Hedge posted that info on their blog . The "Manipulation" is now being witnessed and finally getting some reporting by mainstream media.
- Now, check where Gold Price was before QE4eva was announced. It was in the $1700s. From that time on, Fed has been consistently pumping $85 billion+ every month. On top of that, Japan is adding more of their own "funny money" every month too.
- Most Importantly, the FED admits that the QE program has created the desired "wealth effect" and will help them achieve their "inflation" objective. They will not stop till they actually start seeing inflation. Everything else (job#s, GDP, tapering talk, etc, etc) is just noise. So, the QE is pretty much guaranteed to continue forever. FED needs inflation as "deflation" is their worst mightmare. Once the "Inflation Expectations" finally anchor in (and they will), the Market is going to have that "A-ha" moment. Then watch Gold shooting to its inflation adjusted value in a hurry.
- For now, be patient and keep accumulating on the dips.
JMHO and GLTA.