Loading ...re seen it all etc.
I agree, my imediate thought was how long would it take them to get Au back under 1150,,, hours or a few days ???
The good news though is that the Fed is now haveing to begin to admit, they have failed. Till now the pretense has been it all worked etc. No doubt that will be tried again, but that too will fail.
So at some point they will have to bring back QE, as that is all they know, which is what Jimmy Rogers always said, it will be QE to infinity……however they have far less real Au available and the paper smashes will look increasingly insane…..
They are running out of both metal and now credibility.