U.S. BOND BUYING TO CONTINUE? WARRANT ISSUED FOR GADDAFI
The Federal Reserve may continue to purchase Treasury bonds once QE2 comes to an end. The reinvestment into the bonds could pump as much as $300 billion towards the government debt without adding currency, or printing money to cover investment. The purchases are a means of support as Congress continues to hash out the balancing of the budget. According to Matt Toms, head of public fixed-income investments at Atlanta-based ING Investment Management, “I don’t think the Fed wants to remove accommodation in any way, shape or form…It’s quite natural for them to reinvest cash, that effectively maintains the accommodative stance.”
The International Criminal Court issued an arrest warrant today for Muammar Gaddafi and a few of his high-ranking followers. This was a move designed to protect Libyan civilians. However, the ruling is highly unlikely to lead to Gaddafi’s actual arrest as long as he remains in power and in Libya. The International Criminal Court can issue warrants but cannot enforce its own warrants.
At 12 PM (CDT) the APMEX precious metals’ prices are:
- Gold price – $1493.10 (down $8.30)
- Silver price – $33.49 (down $1.24)
- Platinum price – $1673.00 (down $5.60)
- Palladium price - $726.10 (down $5.60)