A Matter of Minutes

Posted by on April 3rd 2012 in Federal Reserve, General Economy, Gold, Monetary Policy, Short Sellers, Silver, Wall Street | 1 comment

Following the release of the minutes from March’s FOMC meeting, which showed little interest in additional easing, both gold and silver dropped sharply.  “It can be argued that Tuesday afternoon’s FOMC minutes were not much different than recent statements from Fed Chairman Bernanke,” notes a Kitco report.  “However, the market place took the FOMC statement as taking one more step back from any additional quantitative easing, which had been so bullish for raw commodity markets and so bearish for the U.S. dollar index.”

Related Links:

Jesse’s Café AméricainGold & silver charts – FOMC minutes trigger a sell-off

Zero Hedge:  Goldman undeterred, sees June as next QE3 announcement window; Putting it all into perspective

Jim Sinclair:  US economy not ready for significant recovery

WSJ:  Markets’ focus on QE3 doubts misses Fed’s worries about jobs; The worst economic recovery in history

Gold Scents:  The beginning of the end for secular bull stock market

Wall St. Cheat Sheet:  Emerging markets look to drop BRICS on U.S. dollar

KWN:  Gold & silver acceptance growing as distrust in U.S. increases

Mineweb:  Gold and silver-the ultimate anti-fiat currency vs Fed’s ‘sophisticated swindle’

Silver Investing News:  2012 silver Q1 market trends and outlook

Road To Roota:  Silver: It’s down to physical only now

Casey Research:  The critical number for gold

SafeHaven:  Gold – Is it about ‘price’ or ‘value’?

P. Radomski:  Gold’s breakout, or breakdown in gold stocks?

Gold & Silver Blog/Coin News:  Gold and silver bullion coin sales rise In March, but down from 2011

NumismasterMemorable Morgans: Silver dollar has varied past

One Response to “A Matter of Minutes”

  1. Chris Says:

    The market place (meaning the banks) saw a opportunity to smash down the prices.

    They take every chance they get, let them, there wont be much chances left in a year or two.

    Thanks for the link collection, now I have something to read through this afternoon.