No QE tomorrow as per Sinclair:

Jim,

At this point I’m stumped as to whether or not the Fed will have any mention of QE at their meeting tomorrow. If the jobs report Friday is weak again that will be 3 months in a row, and strike 3. Any thoughts?

CIGA G

Dear G,

An announcement will not come at a scheduled meeting, but only in the midst of crisis. QE will come, certainly, but not on anybody’s schedule.

Jim

Will Gold get whacked at 3:00 pm? Probably

Later