The US is sinking ... sinking ... sinking, page-31

Average Joh

Just because the Fed intervenes in one market, it doesn't follow that they intervene in all markets.

There are very obvious reasons why the Fed would move in the bond market to push rates down. You seem to understand that.

There is no obvious reason for the Fed to intervene in the gold market. What would they achieve by pushing gold down? A strong dollar? The Fed doesn't want that. (Fed officials will stand in public, hand on chest, and swear allegiance to flag, mom's apple pie and a strong dollar, then turn around and do everything in their power to weaken that same dollar, because they know that a strong US dollar isn't good for US balance of trade or the economy. They don't care about the value of the savings of white rich old men.)