It's just a disgrace what goes on with these absolute muppets from the Federal Reserve. Yellen made her statement, then you have these muppets who crop up and make statements directly contradicting what the Big Yell had just said, and the markets move accordingly. Then the actual data comes out showing inflation is non-existent and all bets are off again as regards rates rises....meanwhile gold has been clobbered due to baseless gibbering from the screaming skulls at the Fed.
For Skol to have maintained for the last few years that the US economy is going gang-busters, when there's no inflation, no wage and salary growth, near zero interest rates etc......it's a denial of reality.
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- Why gold is going a lot higher ... portfolio manager
Why gold is going a lot higher ... portfolio manager, page-67
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