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Will Gold Get Jackson Holed?

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Friday marks the beginning of the meeting of the clueless central bankers in Jackson Hole, Wyoming. This meeting highlights the leaders of the Fed and ECB, Janet Yellen and Mario Draghi. The entire investing community will be hanging on every work spoken, trying to gain an edge.

Any policy shift could have ripple effects in the United States and across the globe. The ridiculous lower-for-longer manipulated interest rates are the only thing keeping world markets together -- robbing from the poor and giving to the rich.

Gold continues to hold that key level of $1,290; nine of the last 11 days, it has crossed that level. Gold is waiting to make a huge move in either direction, and the meeting of the mindless in Jackson Hole, Wyoming, would be just the ticket to push the markets, which we believe will be higher

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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