It wasn't the stimulus I was expecting, the US govt trillion plus program is still to come when employee protections are agreed by the democrats but I will take the FED's stimulus program in the meantime and boy this is a game changer for gold price.
RMS, RRL both added to the portfolio already containing EVN, SBM and GOR.The Federal Open Market Committee (FOMC) will purchase Treasury securities and agency mortgage-backed securities in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions and the economy.My Translation - We will pump an infinite amount of money until the credit market calms down and the Stockmarket returns higher is my take of it.
Note the underlined section.
It wasn't the stimulus I was expecting, the US govt trillion...
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