IKN

More matter with less art

Questions about gold

Question one is whether QE3 is now more likely thanks to that jobs report. The market says…

…yup, the market speaks very loudly. The other question is the influence an eventual QE3 will have on the metal and how much is now baked in. That’s a tougher one to call, but right now today I suspect the market is baking a whole lot of Hope™ into gold and me boring, moaning inner-grinch is telling me to be very careful.

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