Gold Gains 1.5% After ECB Unleashes Bazooka of -0.5% Interest Rate and QE Of €20 Billion A Month

Gold Gains 1.5% After ECB Unleashes Bazooka of -0.5% Interest Rate and QE Of €20 Billion A Month

] ◆ Gold gained 1.7% after the European Central Bank unleashed easy money measures by cutting deposit interest rates and relaunched QE “for as long as necessary” ◆ The ECB moved further into negative rates at -0.5% and will electronically create of €20 billion euros every month to buy bonds; gold rose from €1,362/oz to … Read more

Gold Down 0.6% In Week Despite Fed Injecting Another $88.1 Billion Overnight, Brexit Risks and Iran Missile Attack

Gold Down 0.6% In Week Despite Fed Injecting Another $88.1 Billion Overnight, Brexit Risks and Iran Missile Attack

] ◆ Gold is marginally higher today but 0.6% lower for the week at $1,499/oz despite a very positive back drop with increasing geopolitical, monetary and systemic risks ◆ Silver is again outperforming gold, recovering to $17.70/oz and is 0.5% higher for the week as smart money continues to accumulate undervalued silver; while palladium prices … Read more

New York Fed Adds Another $97.9 Billion In Liquidity Yesterday – Concerns Grow of Year-End Financial Crisis

New York Fed Adds Another $97.9 Billion In Liquidity Yesterday - Concerns Grow of Year-End Financial Crisis

] 40% Of Fed’s Balance Sheet Reduction Wiped Out In Just 2 Months ◆ The New York Fed added $97.9 billion in temporary liquidity to the financial system yesterday. ◆ The Federal Reserve Bank of New York continues to pump massive liquidity amid very heavy demand by banks for year-end funding; the $97.9 billion involved … Read more

Fed Slashes to 0% and QE of $700 Billion Coming; Gold Gains 3% Before Correcting

Global Supply of Gold and Silver Coins and Bars Evaporated In Safe Haven Rush

] ◆ Gold jumped 3% after the US Federal Reserve cut its benchmark interest rate by a full percentage point to near zero and announced they would again engage in QE and massive bond buying worth $700 billion. ◆ Gold subsequently pared gains despite the US central bank engaging in another panic move to protect … Read more

ECB Creates EUR 750 Billion To Buy ‘Safe Haven’ Bonds; Pound Falls To Near Record Low in Gold

Global Supply of Gold and Silver Coins and Bars Evaporated In Safe Haven Rush

] ◆ “There are no limits to our commitment to the euro,” ECB President Christine Lagarde pronounced as the ECB began to create an additional EUR 750 billion in order to buy government and corporate debt in an emergency move overnight. ◆ Gold prices in euros are marginally higher at €1,369/oz and in British pounds … Read more

Trump Threatens China Seeking $160 Billion In “COVID-19 Reparations”after China Gold Exchange Calls For New Super Sovereign Currency

Trump Threatens China Seeking $160 Billion In “COVID-19 Reparations”after China Gold Exchange Calls For New Super Sovereign Currency

] Gold in USD – 3 Days NEWS and COMMENTARY Gold ticks up as dollar weakens; Fed decision eyed Trump says “COVID-19 reparations” coming, “US will bill China at least $160 billion” China Gold Exchange President Calls For Super Sovereign Currency Post-Crisis China starts major trial of state-run digital currency Fed likely to renew vow … Read more