What The Weekend May Hold

Posted at 10:25 AM (CST) by & filed under General Editorial.

Dear Extended Family,

When will QE become the public practice of all Western world central banks?

It will more than likely come over a weekend just like this weekend. Major sovereign bonds like the Spanish and Italian will be over 7% yield and rising. The Euro will be under pressure. Equity indices everywhere will be under pressure. Recent economic statistics in the entire Western world will be quite negative. The impact of the drought will have driven food prices through the roof.

This time all central banks of the Western world, not just the Federal Reserve will announce emergency measures on Sunday evening.

It is coming a lot faster than the gold bears think. It can be any weekend now. It could be this weekend.

The longer the central banks wait, the more nuclear and longer the QE blast will have to be maintained.

The price of gold is going to $3500 and higher.

Respectfully,
Jim