On the heels of the Fed expanding Operation Twist by $267 billion, investors around the world are wondering which direction markets will head next, so today King World News interviewed 25 year veteran Caesar Bryan. Gabelli & Company has over $31 billion under management and Caesar Bryan has managed the gold fund since its inception in 1994. Here is what Ceasar had to say regarding the big picture after the Fed meeting: “Clearly markets are in a bit of a holding pattern, although market operatives took the opportunity to take gold down this morning. We have some activity on both sides of the Atlantic because not only is there the meeting with the Fed, but there is also a meeting of some European leaders on Thursday.”
“Taking a step back, we have a bit of a global slowdown. The European economy appears to be at or near recession. If you look at some of the news yesterday, from the economic survey in Germany, it revealed a bit of a slowdown as well.