from KingWorldNews:
Today acclaimed trader Dan Norcini told King World News the Fed is
about to commit to more than $1 trillion of QE for 2013. Norcini stated
that because of this, “Anyone who does not own physical gold is
committing financial suicide.” Here is what the acclaimed trader had to
say about this stunning situation and what it will mean for the gold
market: “One of the things that may have been overlooked by a lot of
people, but it certainly wasn’t overlooked by some of us in the trade,
was a report that was published by Goldman Sachs dealing with the
Federal Reserve and its upcoming policy meeting.
Goldman Sachs expects, next month, for the Fed to come out of their policy meeting announcing QE4. It will be a purchase of $45 billion each month in Treasuries. This number will be in addition to the already existing QE3, which is $40 billion per month in mortgage-backed security debt.”
Dan Norcini continues @ KingWorldNews.com
Today acclaimed trader Dan Norcini told King World News the Fed is
about to commit to more than $1 trillion of QE for 2013. Norcini stated
that because of this, “Anyone who does not own physical gold is
committing financial suicide.” Here is what the acclaimed trader had to
say about this stunning situation and what it will mean for the gold
market: “One of the things that may have been overlooked by a lot of
people, but it certainly wasn’t overlooked by some of us in the trade,
was a report that was published by Goldman Sachs dealing with the
Federal Reserve and its upcoming policy meeting.Goldman Sachs expects, next month, for the Fed to come out of their policy meeting announcing QE4. It will be a purchase of $45 billion each month in Treasuries. This number will be in addition to the already existing QE3, which is $40 billion per month in mortgage-backed security debt.”
Dan Norcini continues @ KingWorldNews.com
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