Gold Outlook after the FOMC Meeting by Puru Saxena

Puru Saxena of PuruSaxena Wealth Management & Chris Waltzek - June 21, 2012.

The Federal Open Market Committee (FOMC) is the policy-making arm of the Federal Reserve. It determines short-term interest rates in the U.S. when it decides the overnight rate that banks pay each other for borrowing reserves when a bank has a shortfall in required reserves. This rate is the fed funds rate. The FOMC also determines whether the Fed should add or subtract liquidity in credit markets separately from that related to changes in the fed funds rate. The Fed announces its policy decision (typically whether to change the fed funds target rate) at the end of each FOMC meeting. This is the FOMC announcement. The announcement also includes brief comments on the FOMC's views on the economy and how many FOMC members voted for and how many voted against the policy decision.

Puru Saxena : Silver has now completed its consolidation phase

Puru Saxena : ...early May I was warning about a big correction in silver , I got a lot of hate mail back then because everybody was thinking that silver was going to go to 400 or 500 , but i looked at the charts back then , I looked where we stand if fell to the low 30s we started buying silver for our investors at 32 , 34 we added some more last week , we've bought some more yesterday , so I think silver has now completed its consolidation phase , it has now recently broken out to a new recovery high after the big sell off , and the technicals for silver look super here if and when Mr Bernanke does QE3 Silver is going to ignite , and at the moment roughly 15 percent of the assets which we manage are allocated to physical silver so we are positioned to benefit from that


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Puru Saxena : we will see 1 to 1 Dow to Gold Ratio

Puru Saxena of "Puru Saxena Wealth Management says that he expects a big rally in gold and silver after the correction we saw last week , : Mr Bernanke will do something to help his brothers in the banking industry he runs the federal reserve for the benefits of the banks , the federal reserve is run by the banks for the banks , he is not going to set by and let these banks implode , these banks need capital and the easiest way for them to get capital is through the federal reserve , there will be assistance from the federal reserve says Puru no matter what they are going to call it , I think we are going to be in the verge of a big rally within 6 to 9 months in Gold as well as Silver , before the end of this rally we are going to see 1 to 1 Gold to Dow ratio or perhaps 2 to 1