Pimco Increases Gold Allocation From 10.5% To 11.5% In ... | The Truth Behind the Headlines | Scoop.it
Moments ago, the FOMC members formalized their opinion on where inflation is heading: "Most members continued to anticipate that, with longer-term inflation expectations stable and the existing slack in resource utilization ...

It's not like Bill Gross hasn't been vocal about what he's thought about the economy or the Fed's role in it.  He and El-Erian have both been pretty blunt about the situation.  Good to see that they are putting their money where their mouths have been.  Even the Kings of Bonds have to realize that chasing the last bit of DV01 capital gains is just being piggish after a generation of not fighting the Fed. 

As Jim Sinclair always says, the middle 60-70% of any move is what you want to capture and leave the rest on the table for the God of Greed.