The price of gold is not particularly well explained by monetary policy.
More Quotes from Peter Kretzmer:
It assures that the Fed continues to not buck what was built into the futures contract, and will move by 25 basis points in September.Peter Kretzmer
We look for the report to confirm that economic activity remains strong. Retail spending will slow later this year but that hasn't shown up yet, and business investment should continue to be pretty strong as companies expand offices and factories.
Peter Kretzmer
The thinking that has surprised us has been that the markets and the Fed have been more concerned about the impact on inflation expectations than they've been about real growth.
Peter Kretzmer
When Greenspan feels the market has misinterpreted his remarks, he has a history of trying to spin things a little different way, ... But he probably feels pretty happy with the market reaction this time.
Peter Kretzmer
There hasn't been a lot of correlation between commodity prices and inflation since 1990.
Peter Kretzmer
The huge U.S. trade deficit may finally be stabilizing.
Peter Kretzmer
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