September 2012
Our view on QE3
We rarely, if ever, make predictions on markets. Our view is that there are enough people with those opinions, and who are mostly wrong. We follow the supply-and-demand movements between asset classes to determine where best to place clients' retirement funds. However, once in awhile, we do come across an observation that is worth sharing and watching closely. One such observation is the graph below that compares the size of the Monetary Base with the price of Gold.