GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Thursday, September 4, 2014

Why Isn't European QE Helping Gold? | Kitco News

Kitco News speaks with Jim Wyckoff following the ECB’s rate cut announcement and following Draghi’s remarks about introducing a QE program in the region. Wyckoff says that although this surprised some investors, most were expecting quantitative easing in Europe but no one really knew when it would happen. “The impact on the gold market was mixed,” he says. “However, the ECB news strengthened the US dollar index significantly – it pushed to a 13-month high – and that was a bearish underlying factor for gold.” Wyckoff also comments on the stock indexes and says that a ‘top out’ may not be too far away. Tune in now to get his market ratings for gold and silver on this latest edition of Technically Speaking. Kitco News, September 4, 2014.

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