I think I will need to eat Crow! After watching what happened this morning, I believe QE3 is very possible! Personal Consumption Expenditure is under 2%. That is Ben Bernanke's favorite measure to use when deciding on stimulus or not.
Gold was definitely rising on hopes of QE!
I'm not ready gloat yet, 20.... but I'm close.
I was actually hoping you would be right so I would be able to make one last round of AGQ purchasing before the baloon popped. But that may be out the window, now. Jim Sinclair thinks if 1 more round of full-on QE happens this month gold will see $3000/oz. within 24 months. Pretty bold....
Actually, I want to see what happens on Monday in the markets. That will give me a better feel for what happens next, I suppose.
On a side note, did you see the jobs numbers? Absolutely unbelievable..... the jobs numbers for March and April were revised yielding 49,000 fewer jobs? Man, if this doesn't show that the Labor Department is protecting the White House I don't know what does. I can remember news show after news show, over the last few months, with supporters of the President pushing what a great job he is doing. "After all," they would say," look at the improving economy. That's the evidence that the President's plan is working." Talk about eating crow.... today is a crow buffet for those folks. If you couldn't tell, it irks me.
Also, I do want to make it clear that it really doesn't matter who's wrong and who's right on the investment stuff. I just love the fact that I have a place to come to to share investing ideas with some bright people. I look at it more as we are all watching out for each other so we can all maximize our profits.