Here is a look at the absurdity of $100 billion of liquidity injections each day and more.
$100 Billion Of Liquidity Injections Each Day
October 24 (King World News) – Sven Henrich: “I’ll go out on a limb here, but a financial system that requires over $100B of liquidity injections every day, temporary, permanent or otherwise, has major issues.”
Peter Schiff: “Not QE just got 60% larger. The New York Fed announced “it is increasing its temporary overnight repo operations to $120 billion a day from $75 billion.” There is nothing temporary about this increase, as Not QE will be far larger and even more destructive than QE. Got Gold?”
Fred Hickey: “Now for something a little different – instead of the steep declines in Y/Y revenues, earnings misses & Q4 guide-downs from the semiconductor cos. – here’s Agnico’s record gold production, 2019 guidance hike, 4.5X jump in net income & 40% dividend increase.”
Ole Hansen, Head of Commodity Strategy at Saxo Bank: “Leveraged funds tend to buy strength and sell weakness, ie they are often not the first movers. I don’t expect renewed buying before we break recent highs around $1520 & $1535.”
Peter Schiff: “50% of American workers earn less than $33,000 per year. That’s about 22 ounces of gold per year, before taxes. Over 100 years ago, without any government mandates, minimum wage laws, or labor unions, Henry Ford paid his factory line workers 52 ounces of gold per year, tax-free! I just realized I made a mistake with the gold price 100 years ago. Henry Ford actually paid his workers 65 ounces per year. That’s 3 times what average workers earn today, many with expensive college degrees. Most Ford workers didn’t even go to High School let alone graduate!”
Key To The Gold Market
READ THIS NEXT! Here Is The Key To The Gold Market CLICK HERE TO READ.
More articles to follow…
One Of The Greats Just Said We Are In The Early Stages Of The Gold Bull Market And New All-Time Highs Are Coming CLICK HERE TO READ.
Gold Target Levels Revised Higher, And Silver May Surprise CLICK HERE TO READ.
What You Need To Know About Today’s Trading CLICK HERE TO READ.
Look At What The Public Believes And I Just Hit An All-Time Record! CLICK HERE TO READ.
James Turk’s powerful audio interview has now been released where he discusses exactly what to look for in the gold and silver markets, mining shares, the coming crisis, the U.S. launching QE4 and much more, and you can listen to it immediately by clicking here or on the image below.
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