Pento - Fed in "Disarray"; Balance Sheet Exit "Priced In" to Gold

``Right now the gold market is consolidating at lower levels from its nominal high of just over $1,900 an ounce. The reason gold is consolidating here is because the entire world is waiting for the exit of Ben Bernanke and his record balance sheet of $3.45 trillion. The gold market, and in particular the mining shares, have already priced in this exit, but this exit is not going to occur to any degree that is currently anticipated.''