Gold prices rose today on comments by Chicago Federal Reserve President Charles Evans. He stated that the Fed may not scale back its bond purchases until 2014 because of the struggling economy. Those short on gold are buying again as they see these comments a plus for gold.
Again, we expect to see these back and forth remarks simply because the Fed is now backed into the corner. QE has done nothing but profit those who where already wealthy and entangle America in further debt. The middle class unfortunately will continue to bare the brunt of losses.
For those looking to secure their wealth with physical precious metals, we are still advising silver.