Daily Archives: 06/10/2020

Gold Gains As Fed QE Commitment Crashes Dollar

In what seems to amount to implicit debt monetization, The Fed’s commitment to buying $80 billion a month of Treasuries appears to have awakened some further anxiety over the future of fiat.

Gold is surging, the dollar is down…

…bonds are undecided and of course Nasdaq is flying…

At what point do these two series converge?

“We Need Gold” To Protect Us From Inflation As Central Banks Bail Out Indebted Zombie Banks, Corporations and Governments

Editors Note: Astute people of the left and right, liberals and conservatives and of no political persuasion at all, have recognised gold’s importance as a way to protect people from political and economic stupidity and corruption. Alas, there is plenty of that today and people need to protect themselves, their families and their companies by owning physical gold in the safest ways possible.RELATED COMMENTARYGold Will Reach $3,000/oz: “Fed Can’t Print Gold” and Is “Ultimate Store Of Value” – Bank of America “Gold Is A Great Hedge Against Politicians” – Goldman SachsCentral Banks ‘Vote For Gold’ Due To Government Bonds And Currency Concerns NEWS and COMMENTARY

Gold gains as equity rally pauses ahead of Fed verdict Stocks, dollar stumble ahead of Fed With crisis response in place, Fed looks to long term ECB prepares ‘bad bank’ plan for wave of coronavirus toxic debt Germany eyes additional debt of up to 50 billion euros for stimulus push Why banks are promoting gold loans (India)

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Gold price back above $1,700 before Fed meetings

Gold price continued to climb on Tuesday, surpassing $1,700 an ounce once again, as investors grow hopeful of further monetary policy action from the US Federal Reserve this week.

Spot gold climbed 1.0% to $1,716.73 per ounce by 11:00 a.m. EST, while US gold futures gained 1.2% to $1,719.20 per ounce in New York.

Meanwhile, momentum stalled in risk assets on Tuesday with both European stocks and US futures dropping, while the US dollar strengthened for the first time in nine sessions ahead of the Fed’s two-day gathering.