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Dear Janet,
Congratulations on your new post as Chairperson of the Fed. Thanks so much for your recent statements about monetary policy and slipping about your soon to be proposed interest rate hike.
Did you know that eight of the ten big cap gold miners have embedded stochastics, and the other two are not far behind? This event has given us folks who love to short the miners the best opportunity to add to our accounts since Mr. Bernacke and his statements last spring.
Thanks in advance for the interest rate hike. This will give us an opportunity to take some risk off the table and actually get some return on our savings. Maybe 3%? Anyway, We are sure you'll give us what you think is fair.
We are looking forward to reading the minutes from your last get together and will always be on the edge of our seats when we hear you folks are gonna meet up again.
We are all in your corner Janet ,good luck and Godspeed,
The Goldbears
One week after this post Ms. Yellen did an about face on her statements and committed to extending QE. And Putin was positioning 40,000 troops on the Ukrainian border. Both events gave support to higher Gold prices.
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