Next Leg Up $1336

Big Muma has spoken and gold experienced moments of multiple orgasms when she said:
-Inflation outlook more uncertain.
-Fed has considerable scope for stimulus if needed.
-FOMC expects gradual rate increases in coming years(not months).
-Fed rate path uncertain.
-Reading on US economy somewhat mixed and uncetain so far in 2016.
-We are close to maximum employment goal(still mixed data and uncertainty!!!!).
-Fed could deploy more QE if needed (sure you need it, it is just a matter of time).
-Global developments pose ongoing risks to US economy.
-Caution in raising rates is especially warranted.
-Market acting as automatic stabiliser for US economy ( in other word, she is hostage to market sentiment who would throw the tantrum every time there is a hint of interest rate rise, my opinion)
-May still be cyclical depression in labour market.
-Another drop in oil price could hurt global economy.
-Weaker pace of global economy affected the March outlook (mind you IMF has recently lowered the rate of global growth and central banks around the globe have been lowering interest rates to stimulate their struggling economies).
-Fed is not in the camp of seeing secular stagnation(a condition of negligible or no economic growth in a market-based economy, in other word ready for more QE if needed).
-Productivity has been disappointing in recent years.
-She estimates structural productivity growth of at least 1% (when big momma!!).
-Productivity growth outlook is a source of huge uncertainty( make up your mind, will ya).
-Yellen wants to see fiscal policy play more role (good luck trying to control currency war).

http://www.bloomberg.com/live/asia

Big Momma, thank you very much for your speech. You have boosted my confidence in gold and my investment in BDR.

For those who doubt gold rally, please do not come back every time there is a retrace in gold before the next leg up and try to convince us that the uptrend is not sound. You just need to listen and watch big Momma (Janet's video).

When next leg of $1336 is reached, BDR will be at least 60c and above.
There is no more that I can add after this post.

Good Luck. Happy days ahead.

Cheers,

Sydney