With major markets on the move, it appears that the ECB is already panicking.
ECB Already In A Panic
June 28 (King World News) – Here is what Peter Boockvar noted as the world awaits the next round of monetary madness: One day of selling after what was clear in Mario Draghi’s message and the ECB is already in panic mode as BN prints a headline: “ECB said to see market as misjudging Draghi speech on stimulus.” The euro is dropping as are sovereign yields. This just proves how trapped they are that after just one speech and the market reaction that followed has the ECB already in a tizzy. What do they think will happen when further tapering actually takes place which we still expect to happen in September?
King World News note: The fact that central banks are trapped is yet another major fundamental underpinning for the next leg higher in the secular bull market in gold.
***To listen to the remarkable audio interview with Madoff whistleblower Harry Markopolos that has just been released CLICK HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: WARNING: Major Indicator That Just Reached A Near-Record Is About To Reach Markets CLICK HERE.
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