The Gold Prices Newsletter

Federal Reserve to Buy Treasuries fires Gold Prices! Posted: 18 Mar 2009 01:26 PM PDT Chart courtesy of Kitco.com The Federal Reserve has sprung a surprise on the markets by announcing its intention to buy $300 billion in longer-term Treasuries in order to assist the economic recovery. We were watching gold prices decline throughout the trading day in New York when ‘pop’ they suddenly took off in a vertical ascent. We tracked around the air waves and found that the BBC World Service had a mention in their business broadcast about the Fed making the above purchase, then we found this article on Market Watch (more…) Related on Gold Prices: The Federal Reserve was never envisioned to be the lender of last resort! The Federal Reserve: The Greatest Scam In History? The Federal Reserve: The Greatest Scam In History? (Revisited) The Bank of England hits the panic button A Monster day for Gold and Silver Stocks! Also See: Uranium Stocks news and information on profiting from uranium stocks, future outlook for uranium prices and more Silver Prices for silver news and reports with real time silver prices and charts

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