| The conditions that drove the price of gold to all-time highs in 2011 have only worsened, which just reinforces the long-term bullish narrative for the yellow metal. Bill Gross just called out Janet Yellen as the penultimate market manipulator.
Gross, former head of PIMCO and current manager of Janus funds, recently echoed Rick Rule, assigning blame to the Fed for deferring short-term pain at the expense of long time gain. Mr. Gross’s comments are timed as the Fed continues to debate whether to raise interest rates after years of keeping them anchored in an effort to stimulate the economy and generate inflation...............................................Full Article: Source |