Thursday, 26 January 2012

Stephen Leeb - Fed Sparks 2nd Leg of Gold & Silver Bulls

I think what the Fed said yesterday is game-changing. They are opting for inflation and what really strikes me here, Eric, is they described their dual mandate in terms of employment first and price stability second. I don’t know any central bank that would put maximum employment in front of price stability. That’s not the mission of a central bank. Again, I think this is absolutely a game-changer.”

- Stephen Leeb via a recent King World News interview: