OTCPK:MEAOD - Post by User
Comment by
mstettleron Jan 06, 2017 3:14pm
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Post# 25676879
RE:RE:RE:Gold Price vs MTO
RE:RE:RE:Gold Price vs MTOMuskegman77 wrote:
Trump did not drive down the price of gold. The price of gold dropped after the federal reserve's Janet Yellen raised the interest rate. When interest rates go up, big investors including banks dump gold and buy the dollar because gold doesn't increase in value because of interest but the dollar does. It seems to be common knowledge that the federal reserve has been manipulating (keeping it artifcially low) the POG for seven years by continually threatening to raise interest rates. A lot of people in the know will tell you that the POG is valued somewhere around UDS$2400. Now whether that valuation is 100% accurate or not I do not know but I do know that the FDR is in the mix.
... except that the big banks (commercials) are record short the dollar.