Federal Reserve System Mining News

Moody’s jumps on the gold bearish wagon

The rating agency reduced its 2014 forecast for average gold price from $1,200 to $1,100/Oz and from $20 to $18/Oz for silver.

Gold getting knocked down again

Gold prices continued to nose-dive on Thursday, falling around 2,5% this morning to $1,329 after hitting a low $1,326 earlier.

No reason today for yesterday’s executive order 6102

Current Federal Reserve System chairman Ben Bernanke believes a simple recession was turned into the Great Depression by the Federal Reserve of the day not doing enough while the money supply contracted 31 percent between 1929 and 1933.