GOLD
Click for more information
0.51% $1,391.7 gold futures

This is extremely bad. It means the market is (Today, anyway)...

  1. BH!
    2,521 Posts.
    clock Created with Sketch.
    25/03/09
    23:21
    Post #: 4944415
    This is extremely bad. It means the market is (Today, anyway) giving the BoE's QE program a FAIL.

    The QE program is meant to trigger inflationary monetary conditions, while at the same time keeping interests rates low (by increasing buying competition in the govt debt markets).

    The market has just said to England - keep on printing money and we'll boycott your government debt issues. Down that path lies the BoE being the only buyer of government debt in the market, which is how things started in Zimbabwe.

    Frightening!
    Value at posting: $0.00
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

HAR Haranga resource upgrade builds confidence in Saraya uranium project
right-arrow Created with Sketch.
GYG Guzman Y Gomez shot up nearly 40% in first hour of trades. Can it last?
right-arrow Created with Sketch.
AL8 "What is the focus of AL8 and how is management going to attract shareholders to the registry?"
right-arrow Created with Sketch.
NEWS Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars
right-arrow Created with Sketch.
BOT US FDA approves Botanix Pharma's excessive underarm sweat drug
right-arrow Created with Sketch.
NEWS From the Floor: Perth conference highlights
right-arrow Created with Sketch.
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.