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Dave Kranzler: The Fed blinked and gold and silver are going higher
1:19p ET Tuesday, February 5, 2019
Dear Friend of GATA and Gold:
Dave Kranzler of Investment Research Dynamics in Denver today itemizes the reasons gold and silver prices should rise now that the Federal Reserve has suspended raising interest rates and dishoarding the securities it purchased to prevent collapse of the U.S. economy. But given the longstanding counterintuitivity of gold and silver prices, Kranzler's reasons might be cause for government to increase its intervention against the monetary metals.
While it would seem difficult for that intervention to get more obvious than it has become, it is not yet so obvious that it can be admitted by most mining companies, the World Gold Council, and most financial newsletter writers who apply technical analysis to the monetary metals markets.
Kranzler's commentary is headlined "The Fed Blinked -- Gold and Silver Are Going Higher" and it's posted at IRD here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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