31.08.2012 - How big is gold's QE premium?
When the Fed's Jackson Hole meeting concluded two years ago, it was with the announcement of QE2 by Fed Chairman, Ben Bernanke. And, judging by the performance of the yellow metal over the last few days, there is a hope on the part of many that something similar might be announced at the end of this week's meeting. As UBS's Edel Tully wrote yesterday, "The metal's QE premium is very real, and we question how much more can be expected before Friday. Gold is currently trading where some would have estimated after a Jackson Hole symposium which offered some QE crumbs."..............................................Full Article: Source
Print