Gold market participants are on edge with under 24 hours til the FOMC decides on it's current QE programme. Wit the market short, some analysts predict a...

Jordan Eliseo

The Perth Mint

Gold market participants are on edge with under 24 hours til the FOMC decides on it's current QE programme. Wit the market short, some analysts predict a rally to near USD $1300 if the Fed doesn't taper, whilst others see a fall below USD $1200 if we see a taper in the vicinity of $20bn, an outlier scenario. Whilst gold could move significantly in the next 24 hours, it's worth remembering the Fed will be monetising debt, and rates will remain zero bound for a long time to come. Remember also that gold rose from $250 to $1000 between 2001 and 2007, well before printing money became the policy du jour of the Nobel Prize winning economists and central bankers of the developed west, and before China starting buying as much gold as it could possibly could. QE is not needed for higher gold prices, something markets may re-learn as we enter 2014.


Gold bull since early 2000. Have spent +20yrs working in investment analytics, research & portfolio construction. Author of two books on investing in gold and the causes of the GFC. Lover of markets, competition & technology

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