![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsiEz-PzIR2V2ToWZBZyriSO8-JPRrh_BO7xMRMVfcLA45CKcM6KYIdPirKqfn5R77rxHsbExQeHPhS2D0-s52DxQSz96yXk3k4tMD_7enO9VpJeTeoVja4dB4BCzMZMzWUzdO/s200/silver4.jpg)
Gold, needless to say, has soldiered on almost oblivious to the May massacre. Ditto oil: Brent has stayed resolutely in 3 figures throughout the carnage, and is now back on the steady rising trend that began at $70 less than a year ago (from under $40 at the end of 2008, lest it be forgot).
So - QE3 ? or even permanent rolling QE. It won't just be the FTSE that will see the 'benefit' ...
ND
2 comments:
Gold seems to be struggling at the moment, almost painting a double top, I think $1560 is the limit before the summer hols.
Silver is playing catch-up for now, but if any of the rumours about evapourating inventories are proven, it could go ballastic.
As for crude I think we'll have to get used to staying above $100 for this decade!
"permanent rolling QE" if so why not give the money directly to the people to pay into the banks - almost the same effect. Just a small diversion that would encourage the populace to "believe" in money printing!
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