“Markets” Are A Total Farce: Stocks Pushed Up – Gold Pushed Down By The Fed

rohanibuang61rohanibuang61 Posts: 2,379 Gold ✭✭✭✭✭
When the Fed pushes down the price of gold with paper during NY Comex floor-trading hours, take advantage of it by buying some physical gold or silver. I described the other day what a circus the inter-FOMC meeting periods have become. One by one Fed clowns appear to describe an economy at full employment and threaten us with another one-quarter of one percent Fed Funds rate hike. Since this process has started last Monday, the S&P 500 has been flat but gold has been taken down methodically about $80, or 6.7%. The mining stocks as represented by the HUI have been dropped 12% from their high last week.



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