Markets rallied on the news that the Fed would stimulate the economy? First of all the Fed can ultimately only liquidate the economy, not stimulate it. Sure it is stimulative when you rob value from foreign holders of your debt by printing more money, but in the long run it destroys your own currency. Why not just say the Fed is considering QE III? And is this a market rally, or are investors just looking for ways to ride out higher inflation? Is that why Gold and Silver broke out of their trading ranges as well today? Will our Criminal-in-Chief be held responsible for all this? I think we should liquidate the Fed before they liquidate us.
Gold Prices Flirt with $1,600 on Hint of QE3 - TheStreet: www.thestreet.com/story/11183258/1/gold-prices-hit....html
http://chumly.com/n/a6e59c
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