News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Gold Market Wire... Gold Market Wire... Gold Market Wire
Gold Market Wire... Gold Market Wire... Gold Market Wire
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USA to Withdraw 12,000 troops from Germany. NATO's Europe Strategy in Tatters
USA to Withdraw 12,000 troops from Germany. NATO's Europe Strategy in Tatters
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UK Appeals Court Overturns Judgement recognizing Venezuela's Opposition - - Opens Pathway for Repatriation of UK Held Gold
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Federal Reserve Chairman Powell Makes Plea for Increased and Extended Monetary Stimulus
Federal Reserve Chairman Powell Makes Plea for Increased and Extended Monetary Stimulus
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Covid-19 Cases Climb as Deaths Dwindle
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Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
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*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Update

Federal Reserve to Start 'QE to Infinity'

March 23, 2020 - (Gold Market Wire) - The US Federal Reserve has  pledged to buy Treasury Bonds and Mortgage Backed Securities in unlimited amounts as well as lending to struggling companies and underwriting private household wealth in an attempt to stop further economic contraction from the Coronavirus epidemic.


The Fed has gone “all in”. It is QE to infinity. There are no more Trillion Dollar purchases to be announced – it will now be money in unlimited amounts, wherever, for whatever, forever... and ever.


The Dollar barely moved on the news, while Gold has caught a bid.


Interestingly, equities appear unmoved, and perhaps with good reason. At this rate the government is going to end up owning a share in everything in the economy – if not the whole economy. We are headed into the world of western socialism, most likely replete with capital controls and every possible disaster that socialism brings.


Once we get full MMT in action, the global Central Bank system will eventually collapse –or fade into irrelevance. They are at the end now.


We are entering a new world. And it is unlikely to be a nice one.


Gold may help – much as it has in other socialist countries of the world. It is time to be long the Gold market, and to seek out physical as well.


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