Finding outstanding trades utilizing any asset class or strategy
Wednesday, July 13, 2011
Today Bernanke got the ball rolling on rumors of QE3, as he knows our economy still doesn't look that hot (driven by continued low housing prices and high home inventory overhang, which will likely keep prices low for awhile). This may spark the next upleg in gold and silver. GDX, a gold miner stock ETF, after diverging below gold, has now been catching back up. This is what Soros had recently replaced his gold holdings with.