Thanks to the Fed, $1300 Gold Is Just the Start

Jon Banking, Economy, Fiscal Policies, Gold, Government, Market Commentary, Politics, Precious Metals

Markets continued to worry about the upcoming Brexit vote while witnessing another version of the Federal Reserve’s ongoing revival of Hamlet.
Something is indeed rotten in ‘Denmark,’ aka the Fed’s headquarters in D. C.’ Marriner Eccles Building – namely that the central bank has no clue what it is doing and appears hell-bent on driving the U. S. economy (and the rest of the world) over a cliff.
Janet Yellen said it herself…
Making Sense of Yellen’s Gibberish
In fact, she admitted as much last week (at least the first part, that she has no idea what she is doing) in her press conference when she was asked by CNBC reported Steve Liesman if the Fed has lost credibility since it never does what it says it will do.

This post was published at Wall Street Examiner by Michael E. Lewitt ‘ June 19, 2016.