We are now seeing the price of gold accelerating on its way to $1375.
If we look at the following chart we can see when its momentum picked up.
Notice on Sept 21 at 2pm Eastern the spike that occurred minutes after the FOMC announced it would be more accommodating if needed.
The precious metal is no dummy. It knows a country can not print and borrow its' way out of a recession.
The question I have, is will we see a faster move down Exter's pyramid as a result of the Fed's plans?
If we look at the following chart we can see when its momentum picked up.
Notice on Sept 21 at 2pm Eastern the spike that occurred minutes after the FOMC announced it would be more accommodating if needed.
The precious metal is no dummy. It knows a country can not print and borrow its' way out of a recession.
The question I have, is will we see a faster move down Exter's pyramid as a result of the Fed's plans?
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