In the News:
Associated Press

Associated Press quotes portfolio manager Axel Merk cautioning about the Federal Reserve's (Fed's) intentions:

" 'When you get to the point where the Fed will do anything to inject liquidity, that's when precious metals will have a field day,' said Axel Merk, president of Merk Hard Currency Fund. 'The Fed is more interest in the stability of markets than stability of the dollar.' "