Banro Corp. fka BAA

[JDUR]

Fed taper has already been factored in the price of gold (with an over reaction).

Firstly, I am not convinced the fed will even taper at the FOMC. Secondly, how much do you think cutting 10 billion out of 85 billion given each month will make a difference?

At the end of the day we are still inflating the currency while gold is not being inflated (other than from production but it is also consumable).

The banks are still hoarding a ton of cash! They have about 1.6 trillion just sitting there, what happens if that is loaned out? We have not even really seen the trickle down inflation effects yet.