7/31/13

Gold price after the Feds announcement.


 Gold Price has dropped a little today. Then rose again. With a low of $1308, and a high of $1334. All this fumbling around in the gold market was due to the feds announcement. Before the announcement gold prices started to drop. After the announcement gold started to rise back up to the $1320 range. The feds made the announcement that their going to keep all of their stimulus in play as is. Stocks continue to rise as well, oddly enough. Considering inflation has been around 2% but looks like it will be on the rise. If they keep this up. Nothing special, nothing new just anticipation from investors. My suggestion is still to BUY GOLD. Read more about inflation here.

 Here is what the Federal Reserve had to say on behalf of the Federal Open Market Committee. 
“To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee decided to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month.”  
You don't say.

Gold is a buy. GREEN FLAG
Silver is a buy. GREEN FLAG