They will naturally begin accumulation phase slowly and the elite will start to acquire gold....wouldnt be surprised if they attempt a mini crash prior to get in.....keep some powder dry....this will be a ride to remember, rolling Up to and after the announcement.....
WEDNESDAY, JUNE 22, 2011
It’s denoted here as QE(n) donates for a reason. QE must continue or the social and economic consequences of a growing debt implosion will intensify into 2012 Presidential election – not likely.
Bill Gross on Wednesday said the Federal Reserve will likely hint at a third round of bond purchases, better known as "quantitative easing," at its next Jackson Hole meeting in August.
Jackson Hole is an annual global central banking conference, led by the Fed, which takes place at Jackson Hole, Wyoming. It was at this event last year that Fed chairman Ben Bernanke said the U.S. policymakers were prepared to make a major new investment in government debt or mortgage securities if the economy worsened significantly or if the Fed detected deflation -- a prolonged drop in prices of wages, goods and assets like homes and stocks.
Gross, the co-chief investment officer of PIMCO, the world's top bond manager, on Wednesday said on Twitter: "Next Jackson Hole in August will likely hint at QE3 / interest rate caps."
