4241 days ago
I tried to get a fatwa levelled against ADVFN CEO Clem Chambers with an early post on my ADVFN blog. That failed. And so I must try to take him to task for his assertion that Ben Bernanke of the Federal Reserve has done us a favour by signing up for QE3, QE4 and QE ad infinitum. He has not.
4266 days ago
The Gold price has raced ahead by $32.30 to $1672.80 an ounce today thanks to the release of the last minutes of the meeting of the Federal Reserve Open Markets Committee (FOMC) that showed QE3 is just inevitable. Like we did not know that already. But this is just the start. Phrases involving genies and bottles spring to mind. Q4 2012 and 2013 will not be a time to be short of gold. $2000 an ounce or more lies ahead.
The statement from the Fed is pretty explicit
