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NY Fed Announces Extension Of Overnight Repos Until Nov 4, Will Offer 8 More Term Repos
BySirhcCourtesy of ZeroHedge by Tyler DurdenFri, 10/04/2019 – 14:01 Anyone who expected that the easing of the quarter-end funding squeeze in the repo market would mean the Fed would gradually fade its interventions in the repo market, was disappointed on Friday afternoon when the NY Fed announced it would extend the duration of overnight repo operations…
Something Snaps: Repo Freezes Again As Overnight Fed Operation Oversubscribed, Repo Rate Jumps
BySirhcCourtesy of ZeroHedge by Tyler Durden First it was supposed to be just a mid-month tax payment issue coupled with an accelerated cash rebuild by the US Treasury. Then, it was supposed to be just quarter-end pressure. Then, once the Fed rolled out QE4 while keeping both its overnight and term repo operations, the mid-September repo rate fireworks which…
Gold may eclipse dollar as reserve currency after outsize coronavirus spending: Goldman Sachs
BySirhcThe U.S. dollar’s longstanding status as the world’s reserve currency is at risk after the greenback’s weakening by unprecedented government efforts to shore up the economy during the COVID-19 pandemic, according to Goldman Sachs Group Inc. Ballooning federal debt levels and a potential shift in favor of inflation at the Federal Reserve amid increased geopolitical hostilities, domestic unrest and an onslaught of new…
Gold: USD 2,000 per ounce within reach
BySirhcGold powers to an all-time high The stars are aligned for gold prices to continue to rise A lower dollar, aggressive monetary policy easing, ultra-low interest rates, negative US real yields, fiscal stimulus and the technical outlook all support gold prices Nonetheless, positioning does remain extreme which could encourage volatility Introduction – Will gold break…
Case For Holding Gold – The Lombard Odier View
BySirhcTom Burroughes, Group Editor , London, 22 July 2020 The Swiss private bank sets out the reason for holding the yellow precious metal in portfolios. The commentary is another turn in the debate about the role gold should play in wealth management. The case for gold often arises when risks appear to be higher than…
Biden Camp Celebrates Pfizer News, Warns Masks Better Option For Fighting COVID; Novovax Gets ‘Fast Tracked’
BySirhcUpdate (1000ET): Nobody was more relieved to see the Biden-Harris ticket prevail last week than Dr. Anthony Fauci (arguably, the first job that Biden saved was Fauci’s). Now the good doctor is joining the vaccine market pump-fest, by telling reporters that his favorite biotech company, Moderna (which he has been pumping virtually since its first vaccine-related…