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Gold Price Outlook Remains Mired by Broader Recovery in US Yields
BySirhcGOLD TALKING POINTS The price of gold attempts to retrace the decline from the beginning of March as the US 10-Year Treasury yield pulls back from a fresh yearly high (1.62%), but key market themes may keep the precious mental under pressure as the Federal Reserve appears to be in no rush to alter the path for monetary policy. FUNDAMENTAL FORECAST FOR GOLD: BEARISH…
Fed Adds Another $100 Billion In Liquidity In One Day – Financial Crisis Looms
BySirhcNew 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…
Fed Chair Powell Announces QE4… But “Don’t Call It QE4”
BySirhcCourtesy of ZeroHedge by Tyler Durden Tue, 10/08/2019 – 14:25 Update: Fed Chair Powell appears to have announced QE4 (but do not call it QE4!): Discussing the liquidity shortage and repo-calypse, Powell said: … While a range of factors may have contributed to these developments, it is clear that without a sufficient quantity of reserves in…
How China & Russia’s De-Dollarization Could Boost Record Gold Rally
BySirhcChina and Russia are ditching the U.S. dollar at a faster pace. In the process, they are fueling the record rally in gold. In U.S. dollar terms, the price of gold has hit a new record high at $2,055. Strategists and politicians fear that the U.S. dollar is at risk due to various macro factors….
The Fed Will Restart QE In November: This Is How It Will Do It
BySirhcCourtesy of ZeroHedge by Tyler Durden One of the reasons for the sharply hawkish response to yesterday’s FOMC meeting – one which saw both the dollar and yields spike – is that as we pointed out yesterday morning, in the hours ahead of Powell’s press conference, Wall Street consensus quickly shifted with many expecting the Fed…
Why Physical Gold Delivery on the COMEX in New York is Elevated
BySirhcThree elements cause physical delivery on the COMEX to have reached record highs this year: strong demand for futures in New York, a persisting spread between the price of futures in New York versus spot gold in London, and arbitrage. Read More