gold, page-100113

Interesting all their talk about tapering their massive monthly purchases of 80 bln in treasuries per month

Fed still  remain massive net seller of treasury holdings it had built up for over a decade and the balance held outright by fed (is at this rate ) approaching zero

sure they are buying but they are selling far more- they are not accumulating treasuries via qe in thoer own right at present


Banks are taking them off the balance sheet, fed is financing through repo operations

Started month ending 2 aug with 505 bln in treasuries

Two weeks ago the balance was 313 bln

and last weeks data shows258 bln

massive sell down since aug 2020 represented by green line




https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

what happens to gold and markets in general if this balance goes to zero will be interesting

time will tell I guess -