Comments: I'm posting it a little late, but above is the December 12 statement of the Federal Open Market Committee following their decision to keep the federal funds rate steady. The revisions you see are the changes relative to the previous (October 25) statement. I felt that this statement was generally bullish for Gold relative to the October statement, because it leans more towards emphasizing economic weakness and the danger of the crumbling housing market than the October statement. In fact, we initially got a small bounce in Gold on this announcement, but it's been more or less down hill since then.
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