Author Topic: Bernake keeps hinting at QE3, stock markets react.  (Read 1244 times)

Offline Mister Dark

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Bernake keeps hinting at QE3, stock markets react.
« on: August 31, 2012, 10:05:05 PM »
As the Fed continues hining that they will, in fact, engage in another round of destroying the country Qualitative Easing, the commodities markets, and Gold/Silver in particular, have reacted rather energetically.

As of 12 midnight on Aug 31, Silver is up at 31.74, up from 30.44 just 24 hours ago (which is significantly higher than it had been at the start of the week)
Gold is 1691.60, up $36.30, from 1655.30 yesterday.   After a fairly slow moving summer, (Gold was at 1600 on August 1) it looks like Ben and company have awakened at least one facet of the market. 

Of course, this isnt as much a sign that Gold or Silver have suddenly become more valuable to the average Joe, as a move by investors into safe havens, ahead of the inflationary force of another bond-buying move by the fed.    Or is it?  It could just be a minor bump, even perhaps a quick manipulation of the market by the big players to grab profits.  I have no idea, but it has piqued my interest.


Offline dep190

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Re: Bernake keeps hinting at QE3, stock markets react.
« Reply #1 on: September 06, 2012, 12:19:09 PM »
Very sad! :o