With gold and silver treated to another waterfall smash as gold breaks below $1300 and silver hits $21.50 as Asia opens, is this week’s price action indicative of a pre-FOMC smash to manage the metals ahead of a no-taper announcement Wednesday? Or will the Fed announce a substantial taper and gold and silver be trading at $1200 and $20 within 24 hours (along with the 10 year spiking over 3%)?
The Doc & Eric Dubin believe a $10-$15 billion taper is likely, followed by a need to INCREASE QE within 6 months; this has already likely been priced into the market, anything less than this will see a major spike in the metals (following a likely smash on the release).
Taper, or No-taper? Metals, stocks, and bonds: crash, or smash? Leave your call on the Taper/No Taper Open Thread below: