Gold prices moved higher today on remarks from Fed mouthpiece Janet Yellen.
As of 10:17 PST gold spot is $1334.70 up $6.70.
While the Fed is still speaking out of both sides of its mouth in attempt to keep investors guessing, she did leave the “weaker U.S. economic data” card on the table. Translated, “we are making our own rules to the game as it plays out”.
The Fed knows it’s caught in the trap of quantitative easing and it’s going to be heck to pay either way. The biggest concern for the Fed is how can they continue to kick the can down the road and then blame someone else when it finally blows up.
Gold Goliath is not your typical gold dealer.