Gold Bug's Guide To The FOMC
Tommy Humphreys | Sep 18, 2013 12:23AM ET
The Federal Reserve will issue its latest verdict on monetary policy today at 2pm EST. In addition, the FOMC (Federal Open Market Committee) will provide its latest economic guesses …err….forecasts which will be heavily parsed over by market participants. This will be followed by Chairman Bernanke’s grand entrance to his press conference in which he will undoubtedly grace us with his usual vague doublespeak which will leave tired “Fed watchers” and market participants more confused than they were at 1:59pm EST.
Whether we like it or not the Federal Reserve and Chairman Bernanke are the primary catalysts for global financial markets for the foreseeable future. Gold, in particular, has become a slave to the Fed’s whims. Although we firmly believe that the Fed continues to lay the foundation for a Original post
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