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Bernanke's conundrum -- What it might mean for gold
12:46p ET Monday, July 1, 2013
Dear Friend of GATA and Gold:
With the Federal Reserve apparently signalling that it doesn't want to monetize quite as much U.S. government debt, it seems that foreign governments and private investors don't want to own as much of it either. This, Centennial Precious Metals proprietor Michael Kosares writes, indicates that that Fed won't be able to "taper" its bond purchases at all. Indeed, Kosares adds, QE4 may already have begun, and investors should watch what the Fed does, not what it says. Kosares' commentary is headlined "Bernanke's Conundrum -- What It Might Mean for Gold" and it's posted at Centennial's Internet site, USAGold.com, here:
http://www.usagold.com/cpmforum/?p=226104&preview=true
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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