Daily Archives: September 19, 2013

Decision Not To Taper Re-Ignites Global Currency War Talk

By: Katie Holliday | Writer for CNBC.com The Federal Reserve’s shocking decision not to taper, despite broad expectations for a $10-20 billion reduction of its monthly asset purchases, has reignited talk of a global currency war. Risk-on currencies like the Australian dollar, the euro and the British poundsoared in response, while the greenback dropped across the board. Now some analysts…

Fed Disaster To Destabilize Markets & Send Gold Soaring

On the heels of the historic Fed decision not to taper QE, today 42-year market veteran John Hathaway warned King World News this would destabilize financial markets and continue to send gold soaring.  Hathaway also discussed the dire situation the Fed and Western central planners face, as well as how this will impact the gold market in the long-run.  Hathaway, of Tocqueville Asset Management L.P., is one of the most respected institutional minds in the world today regarding gold, and his fund was awarded a coveted 5-star rating.

 Eric King:  “John, your thoughts in the aftermath of this event (the Fed decision) which has shocked everybody.”

 Hathaway:  “It shows you that they (the Fed) don’t know what they are doing.  This also shows how off-base mainstream media is on their commentary.  I was watching financial television today and they gave this virtually no chance of taking place….

 

Continue reading the John Hathaway interview at KING WORLD NEWS.

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Gold And Silver On Fire As Fed Keeps Q.E. On Cruise Control

John Dobosz, Forbes Staff After a two-day meeting, the release of the Federal Open Market Committee’s statement at 2:00 on Wednesday unleashed a frenzy of buying in stock markets all over the world.  The Fed bullishly surprised the market with its decision to maintain the current pace of buying $40 billion of agency mortgage-backed securities…