Precious metals surge on QE3 expecationsPosted: September 2, 2011 | |
Gold and silver rocket higher in pre-market as US economy added zero jobs last month and the market anticipates QE2 and Bernake has nowhere else to turn.
Lower bank stocks in Europe (sovereign and funding concerns) and the US (another round of mortgage lawsuits) are what’s leading broader markets lower. Greek short-term yields are rising to new record highs.
Just another day in the casino of the world financial markets.