Tuesday, August 30, 2011

Gold and Silver Spiking on Fed's Evans QE Demands on CNBC

Chicago Fed President Evans was just interviewed by CNBC's Steve Liesman, and proceeded to demand additional Quantitative Easing, specifically stating that we "still need to do more on monetary policy" and that there is "room for accommodation". 

Gold and silver heard the message loud and clear, vaulting $40 and nearly $1 almost instantly.


Live 24 hours silver chart [ Kitco Inc. ]

Live 24 hours gold chart [Kitco Inc.]