QE3 Is Here, So Why Isn’t Gold Pulling Up?

gold and money base

The highly anticipated announcement of the FOMC to launch QE3 was finally made a couple of weeks ago. As expected, on the day of the announcement the prices of gold rose. But since then, the price of gold remained nearly…

U.S GDP Q2 2012 Revised Down to 1.3%

The bureau of economic analysis published today September 27th its third and final estimate of the growth rate of the U.S. Gross Domestic Product for the second quarter of 2012. According to the recent update U.S output of goods and…

U.S. New Home Sales Declined in August 2012

Yesterday, the U.S. Census Bureau reported on the shifts in number of new homes sold in the U.S during August 2012: the number of new homes sales edged down compared with the number of new homes sold during July 2012.…