Gold is headed for its sixth week of losses, the longest run since 2004. The yellow metal was driven to a four month low as the recently released Federal Reserve minutes showed some policy makers were expecting to end quantitative easing measures sometime in 2013, Bloomberg reports. This looks to me like another great buy-in opportunity for gold. Hope for an end to the Federal Reserve’s QE policies, anytime soon, is just wishful thinking.
Matt Insley
The Managing Editor of the Daily Resource Hunter, Matt is the Agora Financial in-house specialist on commodities and natural resources. He holds a degree from the University of Maryland with a double major in Business and Environmental Economics. Although always familiar with the financial markets, his main area of expertise stems from his background in the Agricultural and Natural Resources (AGNR) department. Over the past years he’s stayed well ahead of the curve with forward thinking ideas in both resource stocks and hard commodities. Insley's commentary has been featured by MarketWatch.
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