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Mike Kosares: Scottish secession, not the Fed, just knocked gold down
7:30p ET Wednesday, September 17, 2014
Dear Friend of GATA and Gold:
Gold has been knocked down tonight not by anything said or done by the Federal Reserve today but by rising fear of Scotland's secession from the United Kingdom and the separatism it is likely to encourage throughout Europe, Mike Kosares of Centennial Precious Metals in Denver writes. This fear and the usual algorithmic trading programs, Kosares contends, have goosed the dollar. His commentary is headlined "It's Not the Fed Taking Gold Down but the Vote in Scotland" and it's posted at Centennial's Internet site, USAGold.com, here:
http://www.usagold.com/cpmforum/2014/09/17/its-not-the-fed-talking-gold-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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