“Gold reported down with $5.40” – Gold Goliath

Posted on :Oct 29, 2014

Gold last reported a.m. today is $1224.20 down $5.40 and silver is $17.35 up 11 cents.

Investors are awaiting the  results from the Federal Open Market Committee looking for hints at investment strategies. Lip service claims the Fed is scheduled to end Quantitative Easing this month. In reality the Fed will continue pumping billions of dollars through discount windows as it has always done.

Should the Fed raise interest rates it will be minimal otherwise Washington will begin defaulting on its loans. The Fed will never allow this to happen because both entities protect one another. Washington protects the Fed with legislation and the Fed pays Washington to keep their mouths shut.

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