think this might do something for gold-
The actions of the Federal Reserve have created a massive bubble not just in U.S. stock prices, but in a variety of assets all across the world, contends David Stockman, who served as the director of the Office of Management and Budget under Ronald Reagan.
"The Fed is exporting this lunatic policy worldwide," Stockman said, referring to the Federal Reserve's asset-purchasing program. "Central banks all over the world have been massively expanding their balance sheets, and as a result of that there are bubbles in everything in the world, asset values are exaggerated everywhere."
"It's only a question of time before the central banks lose control, and a panic sets in when people realize that these values are massively overstated," he said.
banks contemplate charging interest on deposits. prolly never happen, but would be great for holding gold. anyway, i'm standing pat on nugt. this is the bottom. i think...:)
Lower the interest rates you pay us on our excess reserves, the bankers said, and we might have to start charging interest on deposits that consumers and corporations hold with us.
To guarantee the deposits a bank takes from you or me, the bank pays a small insurance premium to the Federal Deposit Insurance Corp., between 0.05 percent and 0.45 percent, depending on size, stability, and complexity. The anonymous bankers are saying that the only way they can avoid a loss on their deposits is by earning interest on their required reserves at the Fed.
Garner says chart patterns look constructive for the precious metal.
Looking at the commitments of traders report from the CFTC, Garner notes that far fewer pros are long than the norm. That's bullish because it means there's room for byers.
Also, looking at the Williams % R oscillator, Garner sees signs that the precious metal is oversold.
In addition, she believes chart patterns in gold may signal a double bottom right around $1200, also a typically bullish pattern.