Gold Falling? It's the Money Supply, Stupid
- The economy stays sluggish, but doesn't go into reverse, and the Fed continues to taper.
- US stocks fall, as the Fed removes its support, causing the Fed to end the taper.
- US stocks recover, as the Fed wades in with more intervention, then fall more.
- The Fed panics and introduces more aggressive (money from helicopters?) moves.
- Gold soars.