GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Tuesday, May 20, 2014

Watch for a Breakout in Gold Prices After Fed Statement

Gold prices tread water on Tuesday as traders wait for the Federal Reserve to release its latest policy-making statement in the middle of the week. Grafite Capital options trader Mihir Dange tells TheStreet's Joe Deaux that he expects prices the breakout due to the ever-tightening range the yellow metal has traded over the past month. While the Fed isn't expected to announce any major changes -- it likely will taper by another $10 billion and leave interest rates unchanged -- the technical trading in gold suggests a big move could happen before the slow summer months begin.

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