7/25/12....Metals up. Is another QE about to happen?
fivecents
Posts: 11,207 ✭✭✭✭✭
I smell another QE coming very soon.
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Knowledge is the enemy of fear
Treasury Sec. and CTFC commissioner both called on the carpet in separate congressional committee hearings: Libor (interest rate) manipulation for Turbo Timmy and PFG account holder theft for Gensler. Both were expected to protect taxpayers and account holders, both failed.
Earliest I expect QE announcement is Jackson Hole meeting in August.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>I smell another QE coming very soon. >>
Front page lead articles on both NY Times & WSJ
<< <i>
<< <i>I smell another QE coming very soon. >>
Front page lead articles on both NY Times & WSJ >>
They got it from my sig.
The Dear Leader needs even a short term market bounce to help the media wing of his party claim a recovery.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163