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.
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