FOMC Minutes Reveal Taper Likely In "Coming Months" - Almost Definitely In Coming Years. Gold Smashed For Conviction

  FOMC Minutes Reveal Taper Likely In "Coming Months" - Almost Definitely In Coming Years. Gold Smashed For Conviction ... meanwhile in the Real World:

Michael Snyder: Next Great Wave of Economic Crisis - Gold And Silver GLD, MUX, TNR.v, GDX

"Greg Hunter is hosting Michael Snyder this time, who provides a lot of very well researched facts for your own consideration about the state of the economy. With latest reports about tampering the all important employment numbers at Census Bureau our quest for Gold and Silver manipulations acknowledgement and confirmation can be assured in the not so distant future."

Gold: PBOC to ‘Basically’ End Normal Yuan Intervention, Zhou Says GLD, MUX, TNR.v, GDX

"Now we have a better insight into the recent record level Gold buying by China. Head of PBOC talks about currency flexibility and acceleration of yuan convertibility. All announced reforms target to jump start the new phase of Chinese economic growth with Internal Consumption becoming the main driver. In this situation stronger Yuan means stronger purchasing power in China, less US Treasuries buying (which is happening already) and higher commodity prices in US Dollar terms."

ZeroHedge:

FOMC Minutes Reveal Taper Likely In "Coming Months"

With the schizophrenia that seems to have availed across the FOMC members (hawks are doves, doves are hawks, tapering is not tightening, etc.) it is not surprising that the minutes reflect some confusion:

• *FOMC SAW `SEVERAL SIGNIFICANT RISKS' REMAINING FOR ECONOMY 
• *FED TAPER LIKELY IN COMING MONTHS ON BETTER DATA, MINUTES SHOW
• *METLIFE FOUNDATION, SESAME WORKSHOP PARTNER TO PROVIDE FINL
• *FOMC SAW DOWNSIDE RISKS TO ECONOMY, LABOR MARKET `DIMINISHED'
• *FOMC SAW CONSUMER SENTIMENT REMAINING `UNUSUALLY LOW'
• *FOMC SAW RECOVERY IN HOUSING AS HAVING `SLOWED SOMEWHAT'

So summing up - when we get to an unknown point in the future with an unknown state of parameters, we may do an unknown amount of tapering - maybe possibly. Pre-Minutes: SPX 1791, 10Y 2.75, EUR 1.3444, Gold $1262

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