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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Secret Fed Monetization...Gold a coiled spring...and still no permit

I don't think that it is much of a secret -- the Fed will be printing many many billions of dollars (probably in the trillions) over the next year(s) to buy US Treasury securities. That is the only way we can fund our huge deficit spending. Foreigners won't buy up all that weak paper.

The net result is to keep interest rates low, stock prices up, and keep a lid on gold -- all for the time being. Nothing this screwed up can last forever, unless of course they parole Madoff and appoint him Fed Chair.

A good weekend to all!

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