Back To The Basics

Not-QE is direct debt monetization.

43
Thu, Jan 23, 2020 - 1:20pm

In "2020 Foresight" we focused upon the key drivers of higher precious metal prices in 2020. Namely, lower interest rates and a growing amount of not-QE and direct debt monetization. Well here we are on January 23 and those factors are clearly driving price today.

Let's start with interest rates. The US 2-year note is down to 1.50% which, if you take out "War Day" two weeks ago, is the lowest since last October. Again, keep in mind that the current effective Fed Funds (overnight) rate is 1.65%....

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Forum Discussion

by nuggety, Mar 31, 2020 - 10:21pm
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randomness