Prudent Investor

Dr. Kudlow’s Prescription? Gold Diagnosis Unclear

I agree, Monday's whacking of gold (and silver) in a matter of minutes and ahead of the FOMC meeting smells fishy.
I conclude the Fed will stand pat and gold may take off as Bernanke will prove again that he does not care about rising prices - and I don't mean the official statistics - at all. His future middle name shall be Ben Inflation Bernanke.
As the Eurozone has escalating inflation figures as well, being long gold will be the best defence against the meltdown of fiat currencies.