Fed Has No Exit Plan & There Is No Exit

“The Fed is trying to suck and blow at the same time because they are suggesting the rates are going to stay low out to 2015, unless the unemployment rate gets down. They come out with this statement about the minutes, which means nothing because it’s not policy.”

What I found most striking about it is if people really imagined that the Fed was not going to buy bonds, what should happen to interest rates? What should happen to the stock market? What should happen to the homebuilders? What should happen to gold?

The only thing that really got smashed (out of those asset categories) was gold and silver...."

- Eric Sprott via a recent three part King World News Interview, read the first interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/4_Billionaire_Eric_Sprott_-_Fed_Has_No_Exit_Plan_%26_There_Is_No_Exit.html