Daniels Trading Senior Broker Kurt Pfafflin was quoted in The Wall Street Journal/WSJ.com article titled “Comex Gold Ends Near Unchanged.” The article recaps the price performance of the Gold futures market, rallying to its highest price in four months on the FOMC minutes release, which revealed the Fed is considering implementing a new round of quantitative easing measures as well as anticipation of Fed Chairman Bernanke’s upcoming address at the Jackson Hole monetary policy symposium.
“This week has been an explosive week for the precious metals,” Mr. Pfafflin said. “Should there not be any details or specific reference to expanding the monetary balance sheet, I think we’ll see some disappointment next week that could be the stopper for this rally.”
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