By 2:00 p.m. EST today, the world’s gold investors will have a better idea of what lies ahead of them for the month. By that time, Ben Bernanke will be reading the minutes from the last U.S. Federal Reserve meeting that he will chair. And if the last three trading days are any indication of which way gold bugs think that meeting will go, then we can expect another month of falling or stalling gold prices. That’s because gold investors themselves have been backing away from the shiny metal, in anticipation of another month of the U.S. supplying $75 billion worth of stimulus — with no additional easing. What about you? Do you think Bernanke’s willing to pass the baton to Janet Yellen in dead calm, or does he risk roiling the waters a bit as he leaves with another reduction in the Fed’s monthly bond purchases? We’ll all know at 2:00 p.m. EST.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: