Triple Lutz Report –The World Changed Yesterday-Gold and Silver Did Not–01-26-2012 Episode 155

from FinancialSurvivalNet:

Yesterday was a watershed event. The Fed capitulated and acknowledged that the economy will require zero percent interest rates into the indefinite future. Just six months ago they were saying the policy would only continue through to the end of 2012. What happened to change their view of the economy? Perhaps, for once, they decided that honesty is the policy. But that would be too much to hope for. No, they are hell-bent on making things look as good as they possibly can for the upcoming election. And they had to acknowledge that the obvious that the economy is weak and looking even weaker. QE3-Quantitative Easing 3-is just around the corner and the world knows it.

If you’ve been listening to the show for past several weeks, I did something that I never do, I called a breakout in gold and silver. I usually avoid all pretenses at trying to predict any market. That’s because there are so many people who do a better job than I could ever hope to. However, the storm clouds were gathering and it became so obvious, that I went out on a limb and made the call. Now, gold is around 1725 and silver’s over 33 and they both appear to be headed much much higher. And if this is the beginning of a new breakout, silver may well restart its 11 year bull market rise and we could see its gain far eclipse that of gold.

So keep listening and if I steel up my courage, I may make another call, which you can accept or reject-at your liking.

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