Despite what economists predict, investors are less confident that the Fed will restrain from further bond purchases in order to prop up the economy. According to a Citigroup survey released on Thursday, almost 45% of respondents said they did not expect the Fed to initiate more quantitative easing, down from 60% a month earlier. “The data has been a bit softer, especially the recent payrolls number,” said Neela Gollapudi, a New York-based strategist at Citigroup, according to Bloomberg. “The strength of conviction that there was going to be no more QE at all would be less now than when it was in March, when everything seemed to be going very well.”
Surveys continue to debate whether or not the Fed will provide additional easing, but gold and silver, the time tested safe-havens of the world, wait patiently as the inevitable devaluation of fiat currencies take place around the world.
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Disclosure: Long EXK, AG, HL, PHYS
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