Salient to Investors: The Fed, ECB, and BoJ responded to economic shocks by casting off institutional dogma and broadening their missions. Adam Posen at the Peterson Institute for Intl Economics said unconventional policy will have to become conventional, as central banks act on a wide range of assets and directly in credit markets. Michael Gapen
READ MORE... →Salient to Investors: John Ryding at RDQ Economics said: Unlike with stocks, there are no tools or models that determine the fair price of gold – it is psychological. Industrial and jewelry demand total only 55% of demand. The 10-yr bull market was caused by the Fed being incredibly accommodative –
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