The Numbers in the US are bad Certainly in the last 2 months worth are
Really not a reason at all too cut stimulas
So what will happen at the Fed Meeting
Will they be patting each other on the back Saying how well the economy is performing
I wouldn't think so The low participation rate is costing the government billions in Revenue
If they are fair dinkum They would leave things unchanged And be ready for further stimulas if required
I am thinking this sell down is a manipulation
I have decided to start buying on Tuesday
What is the worse that could happen FED tapers $20 billion
I think that has been factored in already
If the SP heads down the debt ceiling will bring the SP up again
Things to remember Gold usually heads up this time of year And after the debt ceiling has been signed off again We will be flying without parachutes Meaning if the US economy is in recovery Then the POG will fall
SAR Price at posting:
20.0¢ Sentiment: None Disclosure: Held