Wednesday, April 27, 2011

Gold Gets A Bump Up After FOMC Meeting

The FOMC meeting ended with uncertainties and some limited answers. The FED will not have a Q3 but will continue Q2. The FED is worried about inflation but raised the maximum inflation by .8%. Gold took advantage and set yet another high. No raising of rates - no time-frame as to when the fed will tighten. Another flush down the toilet for the USD.

*The indicators on the chart shown above do not repaint after bar closes.
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