by Michael J. Ballanger
The Gold Report
Precious metals expert Michael Ballanger expounds on how Federal Reserve policy affects the commodities markets, and expresses cautious optimism about how that policy will play out in gold markets.
One look at the recent chart of U.S. home prices city-by-city and I had to sit down armed with an Extra-Strength Tylenol and a quarter flagon of Glenfiddich. Zerohedge has been all over this entire commodities rebound since they (amazingly) sourced out the reason.
From the minute the phone call went out on Feb. 11 from Fed Chairman Yellen to BOE Chairman Mark Carney followed the next day to ECB head Mario Draghi, the four most important markets on the planet changed direction dramatically, with all of the markets representing the greatest risks to the banking business turning on a literal dime and continuing on a tear ever since. Firstly, before I down my second belt of single-malt, here is the itinerary of the call made by Janet Yellen to Carney and Draghi. . .