Agree with everything you say except Jackson Hole.
QE3 already announced, naintaining rates at o% for 2 years
will cost 1.5 trillion, in other words Fed will have to purchase Treasury's to keep rate that low.
Read Bud Conrad at caey Research, he's about the best in the busienss. Nevertheless a 0% policy for 2 years is like throwing petrol on the gold fire.
Gold stocks are now on a super super sale.
mygoa, page-6
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