As we kickoff trading, the price of gold has surged back above $1,410, the Fed is confessing…here is a look at why gold and the dollar are on the move.

Another Gold Catalyst
July 10 (King World News) – Holger Zschaepitz:  “ECB Balance sheet has shrunk by €15.1bn to €4,677.5bn as QE redemptions outgrew QE reinvestments. BUT ECB deleveraging won’t last long. If things go acc to plan, the ECB will prepare the resumption of the bond purchase programme and so will grow their balance sheet to €5tn+. (See chart below).

Expect ECB Balance Sheet To Balloon Above €5 Trillion

Powell Confesses
Sven Henrich:  “January Powell: I see no risk of recession July Powell: Outlook has worsened we need to cut rates. Powell is telling markets that every single outlook he’s given in the past year has been wrong and things keep getting worse. Yet investors cheer at the prospect of cheap money.”

Rate Cut Odds Spike
Jeroen Blokland:  “Powell speaks dovish, implied probability of a Federal Reserve rate cut back back to 100%. (See chart below).

Powell Dovish, Rate Cut Odds Back To 100%

Gold Surges
Jeroen Blokland continues:  “Gold loves lower rates! (See chart below).

GOLD SURGES: Gold Loves Lower Rates!

Inflation, Rising & Falling Prices, The Bottom Line
READ THIS NEXT! Inflation: A Look At Rising And Falling Prices, The Bottom Line CLICK HERE TO READ

KWN has released the powerful audio interview with Gerald Celente and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

More articles to follow…

In the meantime, other important releases…

Chart Of The Day, Tidal Wave Of Demand For Assets, Problem With Central Bankers, This Should End Well CLICK HERE TO READ

Wow! Gold & Silver Update, 2019, And There Will Come A Time CLICK HERE TO READ

Are Things Beginning To Come Unglued? More People Borrowing To Get By, What Could Go Wrong? A Warning Regarding Stocks, Plus An Important Gold Chart CLICK HERE TO READ

WHAT DO THEY KNOW? Bullion Banks And Commercials Ramp Up Short Positions In Gold…Again CLICK HERE TO READ

Conditions Similar To 2007 Prior To Stock Market Crash, Rate Cuts Will Not Save It, Worries About Economy Mount, Plus Big Picture For Gold & Silver CLICK HERE TO READ

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