GOLD 0.51% $1,391.7 gold futures

well the G20 meeting may actually explain last weeks trading...

  1. 3,107 Posts.
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    well the G20 meeting may actually explain last weeks trading (Godzilla showing everyone what it is capable of) rather than next weeks.....but from the following it doesn't sound like there's a lot of cowering going on just now..

    At the G-20 meeting, per Bloomberg, German Economic Minister Rainer Bruederle said that the Fed's "push toward easier monetary policy is the ?wrong way? to stimulate growth and may amount to a manipulation of the dollar. Excessive, permanent money creation in my opinion is an indirect manipulation of an exchange rate."

    Full Article
    http://www.zerohedge.com/article/germany-calls-out-geithners-hypocrisy-says-money-printing-fx-interventionFull Article

    Must admit I did not even know the G20 was on, but as history is the judge, it is certainly one of the events that virtually guarantees a pull back in the gold price beforehand......along with options expiry, presidential speeches, Bernanke bltiherings, crooked jobs data etc etc

 
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