JudeJin

Will We See a Big Upward Move in Gold?

"What did Gramley mean by "...the Fed's leverage"? That would suggest that the Fed not only owns "gold certificates" but also future contracts and options on futures. "

i hope the author could interpret the "fed's leverage" correctly. i think the fed's leverage is the same debt-to-equity ratio on the balance sheet of any corporation, not the futures/options play the fed might have.

although i'm also bullish on gold, i do wish all the gold bugs don't mis-interpret other people's remarks.