Peter's Blog

This Month in Gold – October 2010

Sinai Says Fed’s Statement Means “Gotta Buy Gold” Bloomberg – The FOMC policy statement on Sept. 21 said that inflation too low for the Fed to achieve its dual mandates of price stability and maximum employment. This language was much more aggressive that previous statements, and lays the groundwork for a second round of ‘quantitative […]

This Month in Gold – August 2010

Prices Excluding Food, Energy in US Rise More Than Forecast Bloomberg – Trouble in the eurozone may be helping to bolster the US dollar, and hold down the CPI, as investors seek perceived safety. Meanwhile, retailers are aggressively cutting prices in an attempt to improve weak sales figures. Nonetheless, the “core” Consumer Price Index (CPI) […]