Wednesday, July 13, 2011

QE3!!!!!!!!!

In the Fed chairmans speech this morning, he hinted at a third round of quantitative easing, saying he would provide further support using one of a few possible methods, all of which involve stimulatation and attempts to keep the interest rate low. 

That being said, I hope someone took my July 5th advice and bought silver while it was down (who am i kidding, there are about 3 people that even look at this blog, bless their souls).  QE3 was bound to happen, and it's going to push silver back to ridiculous levels.  Silver is up 10% from july 5th, and up 20% on the year, even after a setback in may which saw it drop more than 25%.  Look for a return to above 45$ when the federal reserve decides to intervene to "promote growth" and "stabilize the economy".  I do not beleive this to be a question of if, but a question of when. 

No comments:

Post a Comment