Instead of trying to determine how or when the Federal Reserve will taper or end their monetary experiment, we wanted to juxtapose statements that were made today with the actual facts. Readers can draw their own conclusions.
After falling for four consecutive weeks, the U.S. Comex gold futures rebounded 0.17% this week, ending at $1,574.90 on Tuesday. The gold futures climbed a further 0.20% during early Wednesday Asian hours.
During his testimony before Congress this week, Federal Reserve Chairman Bernanke made it a priority to dampen the growing concern that the unprecedented growth of the Fed's balance sheet presents great risks to the economy.
Real people may die when countries engage in “currency wars.” Countries debasing their currencies risk, amongst others, loss of competitiveness, social unrest and war. We discuss not only why we believe currency wars are evil, but also what investors may be able to do about them.
Friday’s precious metals markets opened a tad higher but continued to how their recent lack of energy. Technicians argue that gold needs to remain above a key support near $1,688 lest another $30 decline might be in the cards.