Monday, January 23, 2012

Gold and silver prices regaining altitude on stimulus rumours

" Credit Suisse speculated in recent days that the next "Long-Term Refinancing Operation" conducted by the ECB could involve as much as 10 trillion Euros worth of loan to the eurozone banks".

In a similar vein, markets are growing increasingly hopeful that the fed could be on the verge of announcing a dramatic new stimulus plan, with Reuters reporting potential inflation targeting and the "bigger" hope for markets is that Bernankie will soon unveil plans for nominal-GDP targeting - a form of perpetual quantitative easing that would be insanely bullish as far as precious metal prices are concerned.