That is what I am thinking, since it would be a strong pro-inflation message. Actually, I thought the reserve injection with rates under target would give a lift to it, but it has not happened yet. Fridays have not been good for gold lately.
I was bored watching gold do nothing all the way into the close, and just for the heck of it checked a couple of sites other than Kitco - Kitco must be down.
The other sites show a decline for much of the day, then a good rally into the close. If you use Kitco to watch gold, check out:
George, (or anyone on the tread). For someone wanting to play Gold in a Canadian Account, do you have a good recommendation for a Can. mining co. or other mean to make the play. I'm trying to hedge my big LT-Bond position.