Gold: “Taper This”

The media love to get a hold of buzz words and then give them a spin and a life all their own.  Recent examples were the mainstream media’s presentation of ‘Operation Twist’ – which was simply an official yield curve manipulation designed to sanitize and dampen inflationary signals – as an inflationary operation, and the ‘Fiscal Cliff’ drama that sent herds of conventional investors to the sidelines* when they should have been contrarian (and bullish) back in Q4, 2012.

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NFTRH Update 9.17.13, Precious Metals – Looking Past FOMC

The world expects the FOMC to update its expectations regarding a tapering of Treasury bond asset purchases tomorrow.  The world thinks that a tapering of these purchases would be bad for gold.

I think a decrease in T bond purchases would be anything from neutral to a potential positive (see post coming later today on the matter).  Regardless, it is time to be looking out beyond FOMC with regard to the precious metals, a most sensitive sector to monetary policy.

So here is a check list of what we want to see in order to press the bull stance.

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