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re: Gold dropping today

Posted on 5/27/14 at 3:49 pm to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10233 posts
Posted on 5/27/14 at 3:49 pm to
The US Fed and the ECB have handled QE perfectly
Posted by LSU0358
Member since Jan 2005
7920 posts
Posted on 5/27/14 at 3:57 pm to
quote:

US Fed and the ECB have handled QE perfectly


If you had been in Bernanke's shoes what would you have done?

QE in the US was done to firm up the banking sector and it has succeeded pretty well. The stock market going up has been a pleasant side effect. The ECB and the Fed couldn't both QE at the same time, or we'd have seen $250 oil and $3,000 gold. The US is now winding down its QE and I'm guessing the ECB starts the European version before the end of 2014.
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