50 Percent Chance of QE3 - Bill Gross

May 24, 2012 12:53 PM EDT Send to a Friend
Get Alerts GLD Hot Sheet
Trade GLD Now!
Join SI Premium – FREE
PIMCO's Bill Gross commented today regarding his views on whether or not the Fed will go forward with QE3. He believes the prospects will depend on three factors, including what happens in Europe, inflation rates in the U.S., and the rate at which the U.S. can add jobs. Right now he puts the odds for QE3 at 50/50.

QE3 would be seen as a catalyst for gold, traded through SPDR Gold Shares (NYSE: GLD).


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

ETFs, Trader Talk

Related Entities

William H. Gross, Pacific Investment Management Company, LLC (PIMCO)

Add Your Comment