Here is a look at the desperate need to own gold as central banks break all-time record gold buying spree, plus ECB balance sheet worries, silver and copper.

Paul Volcker
December 10 (King World News) – Peter Schiff:  “Central banks added another net 41.8 tons of gold to their reserves in October, according to the latest data from the World Gold Council.

Central Bank Gold Purchases Just Broke Biggest Gold Buying Spree Record (Set In 2018) Totaling 550 Tons So Far In 2019!

Nothing To See Here
Holger Zschaepitz:
  “BREAKING! ECB balance sheet has hit a fresh lifetime record. Total assets rose by another €11 billion on QE to €4,709.281 billion as Lagarde keeps printing press rumbling. Balance sheet now equates to 40.7% of Eurozone GDP vs Fed’s 18.9% and Bank of Japan’s 103.5%. (See below).

ECB Balance Sheet Hits All-Time Record!

Sven Henrich: 
“Seems like a prudent time to launch QE4 (see below).

Why The Hell Are We Launching QE4 With GDP And Wilshire Total Market Where They Are?

A Desperate Need To Own Gold
Fred Hickey: 
“The Fed’s 2% inflation (massaged by all sorts of government adjustments) led to actual inflation of 5%+ (as measured by WalMart, Target prices & anyone who pays for rent, healthcare or goes to college). So a target above 2% will lead to?…a desperate need to own gold.”…

To learn which junior explorer is looking to drill multiple major tier one discoveries CLICK HERE OR ON THE IMAGE BELOW


Ole Hansen Head of Commodity Strategy at Saxo Bank:
  “Silver continues its slow recovery after touching a four-months low following Friday’s NFP (Non-Farm Payroll) dunk. Line support at $16.50/oz with options traders focusing on Mar20 19Calls ($0.09), Mar20 17.5Calls ($0.24) and Jan20 16.25Puts ($0.05) (see below).

Silver Near Very Important Support Level

Ole Hansen, Head of Commodity Strategy at Saxo Bank: 
“HG Copper stays bid above the $2.71 to $2.73/lb support area. A pick up in Chinese construction activity and lack of supply growth the current drivers. Specs have been short since April but now cutting back. Sunday’s tariffs decision the main s/t hurdle for further upside (see below).

Speculative Shorts Will Get Blowtorched In Major Short Squeeze In Copper

***To listen to James Turk’s KWN audio interview discussing the gold and silver markets and what to expect next CLICK HERE OR ON THE IMAGE BELOW.

Volcker, China, Plus 1989
READ THIS NEXT! Paul Volcker, China’s Money Supply, Plus Highest Since 1989 CLICK HERE TO READ.

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