Its almost an anniversary of ZIRP( Zero Interest Rate Policy), and today FED has decided to keep the interest rates at the same 0-0.25% level, for the foreseeable future. In the policy statement today, there were some subtle remarks that the economy has stablized in many fronts esp in housing and consumer spending, yet the labour and credit markets continue to be strained. Well, the statement in itself would bode well for the future direction of the economy, and Dollar would some part gain some of its lost value over the last two months - and that woudl be why gold be a shortterm sell.

Another reason why C is a good long term buy.. Fed, Treasury, tax payer have always been backing C, as it was and still is (after cutting its business to nearhalf, and diluting its share holders by an additional 17Bn issue) too big to fail.. IRS followed the suit in support of bolstering the 'finances' of C.. The IRS today "quietly" agreed not to collect billions of dollars in potential taxes from Citigroup Inc as part of its deal to allow the bank to repay its taxpayer bailout. Lst q, C had about $38 Bn in past losses and going forward if C was profitable, this provision by the IRS would enable C to skip taxes on the next 38Bn in profits.. Thats about 0.35*38 Bn in earnings, potentially over the next 10-20 years!!