2012-05-29kingworldnews.com

Gold is basically bouncing around and waiting for some direction.  There are a couple of things which are very critical that I expect to happen.  This will impact the gold price.

The first is going to be the next Fed meeting, which is scheduled June 19th and 20th.  The reason that will be such an important meeting is because the Fed is really going to have to bring in QE3 now if they intend to have any kind of impact on the November elections.

The runway for QE3 is getting shorter and shorter.  If they wait until the August meeting, they will have a political problem on their hands.  The Fed is supposed to be independent, and August will be viewed as too close to the election.



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