The Fed has made an aggressive commitment to monetary expansion through its balance sheet to support the financial system.
So why did gold sell off so sharply before the anouncement? Got down to 880 an oz. To me, the action looked coordinated. I think it was a major bear raid on the precious metals. In other words, insiders knew that the Fed was going to start buying Treasuries, so they sparked some selling in order to activate sell signals so that just before the Fed’s announcement, these insiders could buy gold on the cheap. Fixing this crisis should not be an occasion for looting, deception, and personal enrichment by insiders 
… the same insiders who in many cases caused the problems which we face today, ridiculus to say the very least.
With that said, the Fed’s announcement is a major policy shift, and one that should be bullish for metals and other comodities for some time to come.
Maybe I'm being paranoid, but that was some seriously fishy shit yesterday.
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