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Archives for September 2012

U.S. Monetary Policy: Good News for Gold Investors

We have long expected further monetary easing by the U.S. central bank . . . but this past Thursday's news from the Fed was more than most gold investors could have imagined or hoped for.  In reaction to persistent recession-like conditions and continued high unemployment in the U.S. economy, the Fed is now embarking on even more reflationary - and ultimately inflationary - monetary policies. In a statement following Thursday's Federal Open Market Committee (FOMC) meeting, the Fed said "If the outlook for the labor market does not improve substantially, the committee will continue its ...

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