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Gold, silver, and crude are believers - all sharply higher following what's now being...
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Friday, August 31, 2012, 11:15 AM ETGold, silver, and crude are believers - all sharply higher following what's now being interpreted as Bernanke setting the stage for more stimulus at the September FOMC meeting. GLD +1.3%, SLV +2.5%, USO +1.6%.
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This news story has 11 comments:
Please help me understand.
The Voters themselves need stimulus... errrm I mean The People need stimulus! Disregard that voter stimulus comment..
The best stimulus is to put the money into every man woman and childs hands... If we limit it to just a few thousand dollars each we should not see any appreciable inflation then once it is spent the voters will be ... I mean the people will gain a sense of security.
This rumor alone would be enough to get me re-elected... I mean this rumor would be enough to give the people Hope with some Change to spare...
Stupid.
The Fed is openly talking about increasing the supply of paper... at a rate exceeding physical mine supply growth. Therefore the exchange rate between paper and bullion must shift to accommodate.
Of course, Ben has already overseen the expansion of M2 by $618 billion in the past year... but since there was no press release I guess that means we all fall in line and agree that wasn't a QE-anything. Just par for the course.