Adding a 5% tranche to GLD at$168.92.
Fed Chairman Ben Bernanke says Fed won’t seek higher inflation to boost jobs in the Senate hearing. This is consistent with last Fed statement after the FOMC meeting.
Of course, this statement will not change the behavior of mom and pop momo crowd because they dismiss any and all data that does not conform to their view that the world is going to hell in a handbasket. Therefore caution is warranted by building the position slowly
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