Precious Metals & Miners The Place To Be Post Fed Bombshell

Posted by Tommy Humphreys & Richard Mills of Ahead of the Herd

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gold-party

gold-partyAfter being speechless and in a mild state of shock for the past 5 hours I have some thoughts on today’s market action:

  • Today’s FOMC announcement was a tacit admission by the Fed that the economy is not nearly as strong as it appears to be using certain widely lauded data points (consumer confidence, housing starts, etc.)
  • The economic projections really sealed the “dovish deal” (the no taper headliner was simply an appetizer….) http://www.forexlive.com/wp-content/uploads/2013/09/Economic-projections.pdf – FOMC members are still seeing sluggish GDP growth and persistently low inflation
  • The Fed now appears to be targeting a 6% unemployment rate which means QE for longer than markets had been pricing in, and no rate hikes until well into 2015
  • Yellen appears to have locked up her status as next Fed Chair today (I believe this is what caused gold to get going a few minutes before the 2pm release of the Fed announcement)
  • Bernanke continues to play a clever game of poker with the market as he ensures that he will go out on top with a market making new highs and plenty of animal spirits flowing all around

….more charts and commentary HERE

TEN Out of Ten

The Barrick Nevada project that I find most interesting is the joint venture with junior resource company Midway Gold at Spring Valley. Terraco Gold Corp. (TSX.V – TEN) has a gold royalty and royalty option on the Spring Valley Gold Project.

…..Go HERE for recent drilling highlights

The Greatest Gold Rush

Northern Vertex is truly an unknown story that is moving at light speed, on time and on budget. What they have accomplished in just over two years speaks well of this experienced committed management team and bodes well for investors future with NEE.

The world’s gold vaults are being emptied, ahead of the herd investors have already started accumulating the best junior gold stocks – the greatest gold rush of them all has quietly started.

The stealthy start of the ‘Greatest Gold Rush’ and at least one quality junior, soon to be miner of gold and silver, should be on all our radar screens. Are they on yours?

If not, maybe they should be.

….more charts & analysis HERE