Precious Metals taking Off as Central Bankers' Day of Reckoning Arrives.
In this report I cover the early market action from London on Friday, June 15th, 2018. I look briefly the the precious metals prices, the stock market and the dollar.
I also look closely to what happened in the currecny markets yesterday after the ECB meeting where ECB President Mario Draghi indicated that interest rates would remain negative for at least another year. Even though the ECB also announced they were tapering and ending QE by the end of 2018 the euro took a big hit versus the dollar and so did the British pound.
I note that despite the big move higher in the dollar index from 93.25 to just below 95.00 gold and silver finished well up on the day even against the dollar. I look at the charts of the precious metals in euro and sterling to show how the sector seems ready for take off.
My conclusion is that the Central Bankers' decade of unconventional monetary policy is starting to show how much of a big failure it has been and that the only thing that we are getting from it is an ever increasing mountain of debts.
▶️ DTube
▶️ IPFS
Yeah sir your conclusion is right.Sometimes it seems that way.Thanks for sharing that kind of content.
Thanks for the hard work of yours and the update as well.
You are welcome and thanks for following.
God bless you. https://steemit.com/@biblegateway
Yep, it certainly seems that way
Weldone, I think your conclusion is right-
Thanks @maneco64
Hi, How are you today, I hear and read your reviews, and that's a deep analysis and you're an economic observer, and your review is important for making a policy on the precious metals market. You also delivered the ECB meeting, I really enjoyed your review.
great
Yes thank you, there is no way price can stay low as more people understand PM can't be printed and you don't own it unless you hold it.
👁️