Repost from Sunday, May 1, 2011 To fight the recession that began in 2008, the Fed cut interest rates to 0.25% to stimulate the economy. This rate change did little, so “Quantitative Easing” began. The definition of QE is: “The practice of increasing the supply of money in order to stimulate economic activity “, aka printing money. Currently [...]
Today has forced the hand of Central banks around the world, but mainly the FED. With a dual mandate for fully unemployment and price stability and inherent conflict arises. Many of the World’s economic indicators have been negative for some time, but the icing on the cake was today’s Non-Farm Payrolls which came in well below expectation. [...]
After the weekend of April 8th 2012, Silver spiked from $31.70 to $32.90 a 3.8% jump and fall back down to the 31.70 level in less than a few minutes. Checkout the 3 Day Silver Chart from Kitco.