Good Morning, Dissecting the minutes of the Fed meeting offered a fresh opportunity to dollar-sellers to do more of the same overnight. The surprisingly dovish language that was contained in the notes ignited expectations of the Fed easing next month among the few remaining holdouts in the market. This, despite Goldman Sachs' cautionary finding that some 750 billion and up to 1 trillion dollar's worth of accommodation is already priced into the markets. Curiously, that was the same Goldman Sachs that envisions $1,650.00 gold within twelve months' time; as if the metal — at $1,360.00 — has not priced in such largesse already.... Read the rest of Gold, Silver, Metal Prices Commentary – October 13, 2010 (1,290 words) © Jon Nadler for CoinNews Media Group, LLC from http://www.CoinNews.net, 2010. | Permalink | Coin Collecting News | This feed is for personal, non-commercial use only. The use of this feed on other websites breaches copyright. If this content is not in your news reader, it makes the page you are viewing an infringement of the copyright. (Digital Fingerprint: CoinNews.net-82f1721f247ce330b22c1c40d6baekeullk70) |
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