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NEW in the last 5 minutes www.usagold.com --LIVE NEWS--
Experts to Examine Australia’s Economy at Bloomberg Summit	16:43 Business Wire (Press Release)
Forex Flash: End of QE3 at the turn of the year - Rabobank	16:42 FXstreet - Forex News
10 to 15 minutes old www.usagold.com --LIVE NEWS--
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Yen Lower After Declines Versus Majors as Kuroda Easing Imminent	16:30 Bloomberg - Regions
15 to 30 minutes old www.usagold.com --LIVE NEWS--
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Analyst still bullish on construction	16:27 The Star Online
Forex: USD/JPY climbs again above 96.00	16:22 FXstreet - Forex News
US lawmakers launch new effort to pass China currency bill	16:18 Business Times Online - World
30 minutes to 1 hour old www.usagold.com --LIVE NEWS--
Here’s one guy who thinks Japan will have no problem getting to 2% inflation	16:12 ForexLive.com
New Zealand Dollar Rises After Economy Grows Most in Three Years	16:10 Bloomberg - Regions
Next steps towards a deep and genuine Economic and Monetary Union	16:10 EUbusiness.com
Dave Johnson: Important Bipartisan Currency Bill Introduced In House	16:08 The Huffington Post
Fed sees improvement, risk in U.S. economy	15:56 McClatchy - Economy
Stronger dollar takes toll on Oracle	15:56 FT.com - Companies A-Z
Euro rebounds slightly amid calmer market	15:55 Channel NewsAsia - Business
economy lab Budget 2013: The economists’ wish list	15:53 The Globe and Mail
Tax proposal could help small business, economy	15:49 Knoxville News Sentinel, Tennessee - Business
IMX Resources to drill test for copper/gold under Cairn Hill Mine	15:48 Proactiveinvestors - Australia
1 to 2 hours old www.usagold.com --LIVE NEWS--
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Forex Flash: USD/CAD still a buy on dips - TDS	15:42 FXstreet - Forex News
NCAA Tournament time is money time for Utah’s economy	15:39 The Salt Lake Tribune, Utah - Money
The making of a sweet Easter treat: Elmer's CEO talks Heavenly Hash and Gold Bricks	15:38 Times-Picayune, Louisiana - Business
US Treasury wants banks to peer behind shell companies	15:38 Business Times Online - World
Chancellor changes Pension Regulator’s remit	15:33 Engaged Investor
Growth downgrade takes shine off chancellor’s growth message	15:33 Engaged Investor
US Federal Reserve remains cautious on economic recovery	15:33 Engaged Investor
Forex: Bulls Defend Positions And Leave The EUR/USD Above The $1.2930	15:31 SeekingAlpha - Macro View
Economic Forecast Update For 2013-14: Light-To-Moderate Growth	15:31 SeekingAlpha - Macro View
Today In Commodities: Gold Trades Lower	15:31 SeekingAlpha - Macro View
Gold Demand in India Climbing May Weaken Attempt to Curb Deficit	15:30 Bloomberg - Regions
Treasury admits mortgage guarantee scheme could be used on second homes	15:27 ITV News - Money
Main stay of Wichita economy	15:23 The Peninsula - Business
The Fed's Economic Projections and Bernanke Conference	15:22 The Economic Populist (Weblog)
Forex: AUD/NZD breaks 1.2560 base; no clear demand until 1.2480/1.2500	15:21 FXstreet - Forex News
Colombian Stocks Decline on Pacific Rubiales; Peso Weakens	15:20 Fox Business - Industries
Fund for Our Economic Future elects Deborah Hoover new chairwoman	15:20 The Plain Dealer, Ohio - Business
Rapid growth in economy's December quarter	15:19 The Dominion Post - Business
Cazaly Resources hits massive sulphides at Mt. Angelo copper prospect	15:18 Proactiveinvestors - Australia
Senate committee slashes Scott's economic development dollars	15:15 Orlando Sentinel, Florida
N.Z. Grows at Fastest Pace in 3 Years on Christchurch Work	15:12 Bloomberg
Argentina: black market dollar hits new high	15:11 FT.com - Blogs - beyondbrics
Forex: Kiwi emboldened by rosier NZ GDP print	15:10 FXstreet - Forex News
Forex: Bulls defend positions and leave the EUR/USD above the 1.2930	15:10 FXstreet - Forex News
Economy grows at fastest quarterly pace in three years	15:04 TVNZ - Politics
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NZ economy grows at fastest quarterly pace in three years	14:58 Scoop - Business
Strong economic growth in the last three months of 2012	14:58 Scoop - Business
Economy stronger than expected	14:54 Stuff.co.nz
County taking steps to let scuba divers return to Silver Springs	14:54 Ocala Star Banner, Florida - Business
Fed stands by stimulus, sees stronger US economy	14:53 Knoxville News Sentinel, Tennessee - Business

Gold Eases Modestly Ahead of FOMC Statement

by Peter A. Grant

Mar 20, AM
(from USAGOLD.com) --

Gold is modestly lower as the markets eagerly anticipate the FOMC statement, which comes out at 2:00 ET today. The Bernanke press conference is scheduled to begin at 2:30 ET.

The Fed is widely expected to hold steady on rates. A slight tweak to the economic condition language is likely, given the recent drop in the jobless rate. However, Bernanke — either in the statement itself, or in his presser — will reiterate that the Fed will maintain its super-accommodative policy stance even if the economy starts showing signs of real improvement.

Here we are, nearly six years after the Fed began cutting rates in advance of what eventually proved to be the biggest recession since the great depression, and there are no signs that the Fed is anywhere close to tightening. In fact, when you take some of the other G7 central banks into consideration, the bias is toward even easier policy. Astounding.

The Parliament in Cyprus rejected the deposit levy and therefore rejected the EU bailout. However, that the little island nation was prepared to confiscate a portion of the deposits of its citizenry is proving to be somewhat of a watershed moment. Practically everyone who has called in to our firm this week has mentioned Cyprus.

When confidence is eroded in the banking system and the government intentions with respect to people's savings...well, they start looking for alternatives. This risks an old-fashioned bank run once people in Cyprus regain access to their banks. Undoubtedly, some may look to stuff their euros under their mattress, but many too will look to an asset that has served as a store of wealth for thousands of years. Gold.

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Opinions expressed in commentary on the USAGOLD.com website do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell any precious metals product, nor should they be viewed in any way as investment advice or advice to buy, sell or hold. USAGOLD, Inc. recommends the purchase of physical precious metals for asset preservation purposes, not speculation. Utilization of these opinions for speculative purposes is neither suggested nor advised. Commentary is strictly for educational purposes, and as such USAGOLD does not warrant or guarantee the accuracy, timeliness or completeness of the information found here.

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Gold Eases Modestly Ahead of FOMC Statement