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Goldman Sachs: QE3 May Total $2 Trillion

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September 26, 2012 – Comments (1) | RELATED TICKERS: GS , GLD , SLV

The Federal Reserve's latest quantitative easing program (QE3) could last until the middle of 2015 and total $2 trillion, Goldman Sachs economists say.

The Fed has announced that it will buy $40 billion a month of new mortgage-backed securities for an indefinite period.

The central bank also said it will re-invest funds from maturing government securities. And it will continue Operation Twist, which entails buying long-term Treasurys and selling short-term Treasury paper.

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1 Comments – Post Your Own

#1) On September 27, 2012 at 2:57 AM, valuemoney (< 20) wrote:

I know you have a lot of gold and silver type picks. I am against gold but am neither long or short. I am short in CAPS though. Here is why I would be worried about those picks you made. This is my thereoy and if you would look at the charts I look at I think you would see what I see. I could be wrong but I am not very often. This  is why I think gold topped in August or September of last year. Take a look at M1. Now take a look at gold. Search the web and get a comparison of the 2. At the bubble in the early eighties the ratio got just below 1 to 1 the over the next how many years until the early 2000's it got up to a ratio of 4 to 1. Now in 2011 the ratio was back down to 1 and the chart looks similar to the bubble in the early eighties. Now QE3 did happen which I didn't think would or wasn't needed. After this though what is the cadalist for gold. If the ratio goes back to 2,3,4 to 1 gold prices could get slashed in half or go down up to 75%. 1 to 1 seems to be the top 4 to 1 seems to be the bottom. We are currently WAY to close to 1 to 1 to gamble on a price increase. I will get a chart or a link if you want one. Tell me what you think. Good luck. I just wanted to give you another angle to look at thing. O.... M1 is money supply.

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