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Dollar sinks and gold soars as Fed signals it wants to stoke inflation

By Implode-Explode Heavy Industries

Yesterday's activity explained... ``In their post-meeting statement, policymakers signaled that they?re worried that inflation has fallen too low, with the ?core? consumer price index rising year-over-year at a rate of less than 1.0% in recent months, a 44-year low... With the Fed ?now explicitly committed to inflation, investing in gold and foreign currencies becomes an easy decision,? said Peter Schiff, head of Euro Pacific Capital and one of the central bank?s biggest critics.''

Full post as published by Mortgage Lender Implode-o-Meter on September 22, 2010 (boomark / email).