For those that really want to know what the Feds are going to do watch Jim Rickards (Jim G Rickards on Twitter). Watch his interviews on RT, Bloomberg as he has been one of the few that has been calling the Central bank moves very very accurately. He's been saying for some time now that the feds will come out with nominal GDP targeting otherwise knowns as open ended QE. So we have started to hear from different FED presidents that they want an OPEN ended QE program. No time or amount specified.
The article posted provides his thoughts on the actions coming up. Like i said he's nailed it for the most part in the past and im pretty confident of his next calls. Which will send Gold on it's next leg higher and provide us with the open road for Ampella to get to $3.
Now hear this, if there are new discoveries and we can get a new upgrade beyond 4Mill oZ we have a good shot at breaking $3. But what do i know...im long.
AMX Price at posting:
59.0¢ Sentiment: None Disclosure: Held
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