Gold Extending Gains On Realization Fed’s Only Option Is CTRL+P

Gold Extending Gains On Realization Fed’s Only Option Is CTRL+P

Presented with little comment, Gold is now at $1693, about to take out $1700 and the best performing asset class of the year: YTD: Gold +8.2%, S&P +4.9%, 30Y TSY price -1.44%. Furthermore, since this FOMC statement implies more easing imminent, it simply delays full blown LSAP so its “effectiveness”, read max Russell 2000, peaks with Obama’s reelection campaign.

20120124_gold_0.png

Chart: Bloomberg

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