US FOMC may increase the amount of QE
News
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Posted 06/05/2013
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3072
Plenty of talk on Friday and over the weekend about the telling comments from the US FOMC that they may increase the amount of Quantitative Easing (QE) given the current $85b/month program is simply not working with disappointing jobs and construction figures released late last week confirming the US is not improving. We’ve discussed before the historic direct correlation between the price of gold and silver and such monetisation. Not good news for the US but potentially good if you own physical gold and silver…