The problem this spring and summer has been that nobody can figure out the value of a dollar, and the reason for that is the debate inside the Federal Reserve about tapering. My view is that the Fed will not start the tapering off of its QE policy in September. If I’m right and they don’t taper [that is, they announce a continuance of the aggressive bond buying], then watch for the dollar to weaken and gold to get stronger. If they do start to taper, watch for the reverse.
- Source, Jim Rickards via Alpha Hunter: