Thursday, April 6, 2017

Fed Minutes Bad News For Gold

Fed officials warned the end to QE is near. The minutes late yesterday confirmed gold's worst fears. The Fed said they plan to reduce portfolio reinvestment at year end. Gold was one of the major beneficiaries to the historic easy-money period. Now that another of these Fed tools threatens to reverse gold needs to find support.

ETFs reported by Elazar Advisors, LLC are guided by our daily, weekly and monthly methodologies. We have a daily overlay which changes more frequently which is reported to our premium members and could differ from the above report.

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