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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (100116)	4/18/2013 2:34:10 AM
From: TobagoJack	Read Replies (2) \| Respond to of 217847

<<central banks ... >> one of the fellowship may have just spotted the 'smoking gun', and it appears piping hot we must place in context where volcker once confessed to his error of 'losing control' of the gold pricing news.goldseek.com recommendation: buy buy buy i quote From: G To: J Sent: Thursday, April 18, 2013 2:28 PM Subject: RE: Comments - Week of April 15 - beijing stores out of gold Well, well, well..... Chicken? Egg? bloomberg.com SNIP The slump in gold may hand activist central bankers more reasons to pursue the easy monetary policy that helped drive up the metal’s price in the first place. Among many explanations for the biggest drop in more than 30 years: a fourth annual global growth scare as data disappoint from China to the U.S. and investors fold long-held bets that monetary stimulus will ultimately unleash inflation. Other reasons for the drop range from a view that the price reached so-called technical levels to concerns that Cyprus could start a rush by indebted nations to sell their supplies of the metal. Ben S. Bernanke, chairman of the U.S. Federal Reserve. The Fed will see cheaper commodities as reinforcing the need to keep buying assets through this year, said Joseph Gagnon, a senior fellow at the Peterson Institute for International Economics in Washington and a former Fed staffer. Photographer: Joeff Davis/Bloomberg The combination of growth jitters and reduced inflation anxiety boosts the case of Federal Reserve Chairman Ben S. Bernanke and counterparts elsewhere to keep pump-priming their economies in the hope they will finally secure traction. It also may help them beat back critics, including some U.S. Republican lawmakers. “Central banks can be opportunistic and proceed with quantitative easing now the gold market is surrendering with regards to its hyperinflation fears,” said Edward Yardeni, president and chief investment strategist at Yardeni Research Inc. in New York. “They could also argue the weakness in commodity prices suggests a growth concern and so all the more reason to keep QE going.”