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Fed Delivers Bah Humbug to Gold
By Catherine Austin Fitts
After the Fed announcement yesterday that it will begin to taper its QE by $10 billion a month in January, precious metals prices fell, with gold breaching the 1200 price line this morning. If it stays below 1200, levels of 900-1100 are possible. With the S&P up more than 20% so far this year and gold headed into the (30%) zone, the spread between the two has grown to 50 cents on the dollar.
If you are holding positions in precious metals, I strongly recommend you read my latest post, What Percentage of My Assets Should I Hold in Precious Metals?
Related Reading:
Fed Scales Back Stimulus Campaign
Gold Sinks Below $1,200, Lowest in 3 Years
