Chloe WaddHost
Jamie DickermanHost
Egg Bowl Trading President Tommy Grisafi said this dramatic action influenced the outside market.
They started buying back 30-year treasury yields to knock down interest rates.
That goes back to a play right out of the quantitative easing book, and that made gold skyrocket.
So gold went from down $50 to up $125, $150, $175 up.
Per ounce moving, gold, silver's up.
Crude oil's up big.
Crude oil was just up $1.85.
So we're seeing a real pop in commodities.

Egg Bowl Trading President Tommy Grisafi said this dramatic action influenced the outside market.
They started buying back 30-year treasury yields to knock down interest rates.
That goes back to a play right out of the quantitative easing book, and that made gold skyrocket.
So gold went from down $50 to up $125, $150, $175 up.
Per ounce moving, gold, silver's up.
Crude oil's up big.
Crude oil was just up $1.85.
So we're seeing a real pop in commodities.
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