RE:RE:Gold Price Could Come Under Pressure From FED At Jackson Holhey there mega-cu, i tend to agree, pretty saavy for young 'un !
many recall the 1967 RCM coin sets with the $20.00 gold piece, 0.25oz, and just like that, a mere 44 years later (LOL) it's worth like Cdn$600.00 (give or take), i cannot micro manage POG on a day to day basis when historically, for 5,000 years, it's only trend is up.
the only real problem i consider is that we find so much gold it becomes devalued !
best regards and many chuckles :)
Yes the gold price is down now ahead of this meeting. Everyone thinks gold will drop but I'm thinking the opposite this time around. The economy is not nearly as strong as what they think. The Fed will maintain bond purchases exactly where there at. Just my opinion.