Wall Street Desks Advising QE3 A Likelihood: ZH

According to finance blog ZeroHedge, Wall Street trading desks are advising clients that QE3 is likely. That may explain why gold and silver continue to push higher intra-day with both metals trading to new highs.

  • April gold currently up $9.10 to $1421.60 an ounce.
  • May silver up 73.4 cents to $35.80.
  • Crude is down $1.55 to $101.15 p/b.

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