How Gold Performed last week, and some of the reasons why

September 23, 2013

Gold's performance last week had unpredictability inclination that investors need to get used too when investing successfully in this asset. With the announcement of the previous week's Federal Reserve decimal easing, gold took a nose dive as low as $1,292 per ounce, and then it rebound to a high of $1,375. an ounce. Closing the week off at $1,326.

With news that the Fed's had a no tapering decision, astound the markets, which were expecting central banks to taper its monthly input program by as much as 15 Billion in US funds. With ongoing talks regarding this decision, the Fed's could start trimming its asset purchase, as early as, by the end of the year.

Creating a condition called "Quantitative Easing" to ensure that inflation does not fall below the target numbers. 

A general optimism prevails in the United States and Europe that the economies have finally turned the corner and growth are resuming. In the U.S., automobile sales are up, and the housing industry has improved, but many negatives show overall optimism is unwanted.

Read the full story here by, Edmund Contoski, Economies, National Debts and Gold.

Here is an interesting article was written by Jim Rickards from GoldSilverWorld, he shares his thoughts on why we have been in a depression since 2007.! He explains, and shares many logical reasons; why we currently have Inflation, and Deflation, at this current moment in time.

Read the full story by Jim Rickards, We have both Inflation and Deflation Right Now!

All the Best,

Joseph F. Botelho One Gram at a Time

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