The primary mandate of the Federal Reserve has been to prioritize the goal of maximum employment at the top of the list. Not since the days of the Great Depression has this task been so daunting.
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It is important to have realistic goals in terms of where we believe gold pricing is headed, and more importantly how long it will take to get there.
As of 3:34 PM EST gold futures basis the most active August contract, is trading fractionally higher, currently bid at $1736.80 a net change of + $0.20 on the day. Spot or physical gold is currently up by approximately $3.00 and bid at $1728.35.