Today Fred Hickey commented on the action in the gold and silver markets. Also, take a look at some stunning charts and other info.
Fed Balance Sheet
October 8 (King World News) – Holger Zschaepitz: “Within 3 weeks, the Fed increased its balance sheet by a whopping $186 billion, which had previously been painstakingly reduced in 6 months (see below).
Holger Zschaepitz: “Powell says Fed to resume Asset Purchases to prevent cash crunch, But it’s not QE. Speaking in Denver, Powell said action differed from crisis-era programme known as QE, and was directed at solving “recent tech issues” rather than materially affecting “stance of monetary policy.”
“The Fed Is Doing QE”
Peter Schiff: “No matter what Powell claims, the Fed is doing QE, as I predicted it would. The goal is to suppress interest rates to sustain debt and asset bubbles. The only difference is this time in won’t work!”…
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Jeroen Blokland: “A very important graph to take into account when making asset allocation decisions! (See below).
QE And Interest Rates
Charlie Bilello: “US 10-Yr Treasury Yields During QE…
QE1 (Dec ’08 – Mar ’10) 10-yr yield Start: 2.72%. End: 3.83%.
QE2 (Nov ’10 – Jun ’11) 10-yr yield Start: 2.63%. End: 3.16%.
QE3 (Sep ’12 – Oct ’14) 10-yr yield Start: 1.58%. End: 2.34%.
QE4 (Sep ’19 – ?) 10-yr yield start: 1.47%. End: ?
Gold & Silver Correction Over?
Fred Hickey of the High Tech Strategist: “If Chinese trade talks continue to go awry this week, there’s a good chance gold/silver correction could be over. Would catch a lot of traders (long-term bulls) offsides. As noted in my recent Oct. letter, I continue to dribble back in-buying back lower what I’d sold at higher prices.”
Gold Update
READ THIS NEXT! ALERT: Important Update On The Gold Market CLICK HERE TO READ
KWN has released David Stockman’s powerful audio interview discussing the gold market and much more and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
More articles to follow…
Gold Surges Back Over $1,500, Silver Advancing Toward $18 As Dow Plunges 300 CLICK HERE TO READ
Look At Who Got Sucker Punched CLICK HERE TO READ
What Is Happening Around The World Is Unbelievable CLICK HERE TO READ
Greyerz – A Worldwide Stock Market Crash Is Coming CLICK HERE TO READ
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