This is what ignited the gold market in early trading in the US as the price of gold surged near $1,435 at one point before tumbling to $1,415.
This Ignited Gold In Early Trading
July 25 (King World News) – Peter Boockvar: “The ECB left policy unchanged but said it “stands ready to adjust all of its instruments, as appropriate, to ensure that inflation moves towards its aim in a sustained manner.” They also said they are examining a tiered system which would likely coincide if they cut rates again as to relieve pressure on the European banks.
New ECB Asset Buying
Also, the ECB staff would “examine options for potential new asset buying” because I guess interest rates aren’t low enough in their eyes. European bonds are rallying in response and the bubble further inflates.
Again, the ECB has achieved true price stability as the inflation stats have been steady now for years but because they’ve tortured the definition of price stability, we have the upside down world we do. Why people think more ECB easing is going to end up with a different result is completely beyond me.” King World News note: The dollar rallied on this announcement but so did the price of gold. Gold is now in a bull market vs all fiat currencies, including the US dollar.
Richard Russell Answers Question: Will U.S. Seize Gold?
READ THIS NEXT! Richard Russell Warned People To Prepare For Something Worse Than 1929-1932, And Will U.S. Seize Gold? CLICK HERE TO READ
Bill Fleckenstein discusses in detail what investors should be doing now after the surge in gold, silver and the shares as well as the discussing the action in gold and silver and what to expect next in his KWN audio interview and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
More articles to follow…
In the meantime, other important releases…
The Final Fantasy, Lowest Since 2009, Silver Outpacing Gold, Plus Chart Of The Day: Train Wreck CLICK HERE TO READ
Gold & Silver On The Move, Plus How Is This Even Possible? CLICK HERE TO READ
This Should Send Gold Soaring, ECB To Restart QE, IMF Warns, Plus Chart Of The Day CLICK HERE TO READ
Gold, Look At What Just Hit A 5-Year High, Plus QE Infinity CLICK HERE TO READ
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