Update: up $54 to $1391.90; Gold takes off ~ up $37.00 to $1374.80 as Bernanke admits he is targeting stock prices in QE2
Update: 4:40pm ET – Shiny Precccious ~ Gold up $54.4- to $1391.90~~~Goldy knows where the USDollar is going….Down
It’s been a while, but you know what time it is~
Heh. We saw this coming
If Ben thinks he can force retail investors back into stocks by admitting he is targeting stock prices forget it.
Not now, not after we have seen Government Sachs and it’s betting against its investors with Abacus, and now JPMChase the same (and dont forget their silver market manipulation), after the flash crash caused by High Frequency Traders, after the record high hit by stocks based on absolutely nothing, in direct contradiction in fact to the health of the economy on Main St, well he is shxt out of luck.
We peasants have embraced the shiny precious.
Meanwhile back at the ranch, GS expects QE version XXXXX through 2012