Attack On Gold Deepens Defying All Logic Following Federal Reserve Announcement Of Eternal Low Rates If They Can Help It

Gold is down 1.22% despite the Fed announcement today pledging low rates for an extended period. We all know that means eternity as has been the case. The Fed governed by Goldman, JPM, and a few other big Wall Street banks that are clearly detached from the rest of the people of this country, sees the solution to saving the banks from the insolvency problems they are and have been facing as blowing one bubble after another. However, for that to work they need the dollar to be the expected currency of the world in both reserves and global trade. They think that gold is a barometer of how much they mess up and the trust in dollar, so they are trying to create a picture where gold does not skyrocket as it would otherwise have had it not been for the blatant and illegal manipulation by the Fed. Today's move in gold while the stock market is recovering from the lows into positive territory is defying any logic. So there is one explanation: Blatant manipulation by the Fed right after their horrendous announcement for the future of the dollar and this country which are closely tied given this is not a manufacturing/exporting country, but one of consumption and services.