The Fed is buying treausuries, which is in fact money printing, or monetization of debt, in order to hold the yield curve down.
This will be excellent for gold and hard assets. It is why we were positioned well ahead of the crowd and used the November - February months to acquire the gold miners of our choice at rock bottom prices!
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOsvwdYztl7Q
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