Gold continues its correction as the Fed closes in on the ECB, plus the world economy is in trouble.

Fed Closes In On ECB
October 15 (King World News) – 
Holger Zschaepitz:  “The Fed is catching up with the ECB in terms of total assets. Fed’s Balance Sheet has jumped to $3,950 billion in the past week, reduces the gap to the ECB to $1,235 billion. The largest gap was $1,517 billion in July. (See chart below).

Fed Closes In On ECB, Ramps Up Balance Sheet To $3.95 Billion

Gold Continues Its Correction/Consolidation
Ole Hansen, Head of Commodity Strategy at Saxo Bank
:  “Lower highs continue to point to a s/t risk of a lower low < $1459/oz. Currently drifting after strong earnings from US banks. (See below).

GOLD: Lower Lows Point To Short-Term Rick Of Move To Sub-$1,459

Ole Hansen, Head of Commodity Strategy at Saxo Bank:  “Against this the IMF has further downgraded global growth (see below)…


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Just Released
IMF (International Monetary Fund):
  “Just released: October 2019 World Economic Outlook WEO. Global growth for 2019 has been downgraded again to 3% and is projected to improve modestly to 3.4 in 2020, a downward revision of 0.2% from April projections. (See below).

IMF’s World Economic Outlook Downgraded

KWN has just released the powerful audio interview with Egon von Greyerz and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

10th Straight Month Of Plunging
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Art Cashin – Focus Is On China, London And Syria CLICK HERE TO READ

Greyerz – This Is A Snapshot Of The Terrifying Collapse The World Will Endure CLICK HERE TO READ

Tom McClellan Update On The Silver Market CLICK HERE TO READ

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