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overtheedge
Member since May 2012
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FOMC, taper talk and the gold price

- Alasdair Macleod - Finance and Eco.

The official word on the taper is January.

http://www.federalreserve.gov/newsevents/press/monetary/20131218a.htm

Looks like another buying opportunity for PMs.

Commented 3983 days ago

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Beginning of the headline :There is inevitable speculation that tapering might be announced at the FOMC meeting this Wednesday. It should be noted that this is Ben Bernanke’s swansong, and if tapering is to be announced he would probably go out with falling bond markets, falling equities and a soaring dollar, not to mention disruption of emerging market currencies such as the Indian rupee. For this reason perhaps opinion is odds-against tapering, but it doesn’t stop markets being nervous ahead of the event. Those that th... Read More

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