Sunday, January 6, 2013


As the FED threatened to end its policy of limitless QE, Gold sold off rapidly.

From levels of just under $1690, Gold went all the way down to under $1630.

I would like to advise readers to take another look at Clive Maund's chart from my post on 31.12.2012.

Corrections down to the $1500-$1550, will complete the ongoing consolidation in gold bullion and will provide good buying opportunities.

Brace yourselves for volatility, and don't take your eye off the big picture.

As US Federal debt levels continue to rise, even as unemployment numbers stay stubbornly high; the US Fed will face it's toughest test yet.

The last thing that US homeowners need is a rising mortgage rate, so I remain skeptical of Bernanke's comments last week!

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