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View Full Version : Gold down $10...DOW futures down 85...


wgadget
08-10-2010, 09:26 AM
Are they thinking more FED quantitative easing or not?

Spanky
08-10-2010, 09:48 AM
Are they thinking more FED quantitative easing or not?

Yes, more QE is on the way..I mean, we all benefited tremendously from the last Round correct?.. only this time they're going to PAY YOU to borrow money..lessee, umm if you borrow $100,000, I'll give you $15,000 Cash right now, but if you borrow $200,000 I'll give you $45,000!! Pretty cool huh? We're spending our way to Prosperity again..!! Climb aboard!

SilverBullionaire
08-10-2010, 09:52 AM
I just went Long in Silver, because of the FED meeting. Also I opened some leveraged longs in EUR/USD, same reason.:cool:

scallywag
08-10-2010, 10:04 AM
a $10 drop in GLD was only to be expected and indictates to me a very QE lite announcement I doubt we should be expecting the imminent launch of 1 trillion in Treasury purchses. If gold had been forced down by $30 I would be thinking a big QE announcement but perhaps the fed and their bullion bank henchmen don't have the muscle anymore to hammer down the market, so, as usual wait and see and be cautious.

Got Goldies
08-10-2010, 12:29 PM
I have lost about $1500 in stocks for 2010.
And lost about $6000 last year.

I can't take it no more.