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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?


To: ecrire who wrote (29306)2/20/2013 6:25:44 PM
From: Mike M23 Recommendations  Read Replies (1) | Respond to of 29622
 
The trouble with QE3 ending that QE has been a major support for the stock market and its wealth effect. In addition, how will the US fund its trillion $ deficits if the FED stops monetizing the debt and how high will interest rates go once the FED stops further adding to the deficits by paying much higher rates on $16 T in debt. I am surprised that gold has fallen this much and I will not try to pick a bottom but I do expect QE continues longer than the FED is hinting and gold recovers and rallies to new all time highs. I admire your restraint in not saying " I told you so" you are compassionate -vbg-