Fed comments that it is concerned investors are becoming too complacent about the economy have helped pushed gold higher

Fed comments that it is concerned investors are becoming too complacent about the economy have helped pushed gold higher. I remain bullish on gold and agree with the Fed's comments, as there are still many weak links in the US economy. The Dow at record levels does not reflect supreme economic health, but instead a market fuelled by a low interest rate credit binge. Same for the property market. Signs of increased risk-taking were viewed by some participants as an indication that market participants were not factoring in sufficient uncertainty about the path of the economy and monetary policy, the minutes of the last Federal Open Market Committee meeting showed yesterday. (VIEW LINK)


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Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

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