20.09.2013 - No Fed tapering: The precious metals perspective
It was not too surprising that there is going to be no tapering for some very good reasons. The commencement of tapering would have led to bond yields rising, triggered by an increase in sales of government bonds to the public and at the same time escalating sales by foreign governments as they attempt to retain control over their own currencies and interest rates. This was the important lesson from floating the rumor of tapering in recent months. The reason tapering was not going to happen is summarized as follows: Monetarists and therefore central bankers believe that rising bond yields and interest rates will strangle economic recovery. They want to see more robust evidence of recovery before permitting that to happen.............................................Full Article: Source
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