"Sir Mervyn King surprised the markets on Wednesday after it was revealed he, along with committee members David Miles and Paul Fisher, voted for the money printing presses to be ratcheted up a notch.
The Bank of England Monetary Policy Committee meeting minutes, published on Wednesday, were expected to show all but Miles in favour of maintaining quantitative easing (QE) levels at £375 billion, but in a surprise move two more members voted to increase QE By a further £25bn."
At
http://www.huffingtonpost.co.uk/2013/02/20/sir-mervyn-king-is-outvoted-on-qe_n_2722664.html
My comment:
So on this gold bullish news gold immediately gets smashed down about one per cent in a matter of minutes. Yes folks, "interventions are more and more blatant." And what's more, they're getting away with it.
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gold us$1593 .... folks look out below imo, page-3
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