Fed Raises Discount Rate By Quarter Point to .75%
Posted on: Thursday, February 18th, 2010 in: General EditorialDear Extended Family,
The final Pillar in the gold bull market is a bear market in US Treasuries.
The increase in the discount rate to 0.75% is driven by market realities and a desire to be able to sell US Treasuries as foreign demand falls off.
The bull market in gold moved from $400 to $887.50 in [...]

