no disrepect to Kolher, but the policy has not changed in the USA whatsoever following the speech, other than traders are now adjusting to what they think timing may be for Fed exit (could last a day , could go on for a while could reverse)
,,,,,,QE1 2 3 4 infinity, LTRO, Eu bond bailouts, Japan nutso policy has not increased inflation at all becasue net demand is still very low.....data has not supported the inflation argument for years...........ATM its all about the short term trade, Gold back above 1600usd!,,,,,Gold moved on housing data i think which was released at 10am usa time......and continued after 1600 on speech
I suppose its 1600usd test or drive towards 1614 the break down point of resent time, all depends on how much someone is prepared to pay on the day and over time
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