Friday, September 07, 2012

What do the US Europe and China have in common?

European Central Bank announces unlimited bond buying to support heavily indebted countries.

China launches massive stimulus.

US Federal Reserve seen as likely to launch more stimulus on bad jobs report.

Meanwhile in the land of the sane... gold is trading well over $1700 oz. today and CITI Bank is predicting gold will hit $2500 within the next 6-12 months and possibly top $3000 long term.

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