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The bid comes out of gold and silver following the NFP report, with traders apparently believing...

The bid comes out of gold and silver following the NFP report, with traders apparently believing continuing solid employment numbers lessens the chances for additional QE. Gold is at 1,681/oz., silver at $33.29. GLD -1%, SLV -1.2%.
Comments (1)
  • gh1616
    , contributor
    Comments (452) | Send Message
     
    The employment numbers were the probable factor for investors today. But, I believe there is no intent for the government to slow down QE. One needs to understand the MTT crowd thinking; the government & its enormous spending is their answer to our economic problems. They believe the answer to money velocity, hence growth is to embrace more debt through government spending, much more! This may be the most important reason I believe for 11/2/12!!
    9 Mar 2012, 08:24 PM Reply Like
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