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

Gavin Wendt

MineLife

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)


1 topic

Gavin Wendt
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).

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment