Saturday, October 19, 2019 9:49:40 AM
Summary
Fed's action to weaken the U.S. dollar.
This is a brief but very important update to my previous post of July 18, 2019, "U.S. Dollar Stronger For Longer".
Everyone back into the gold market.
Fed's new QE to push US$ down and gold up
This should push the price of gold back to its equilibrium level with the AWMB, which stands at US$ 1,900 per ounce, but should be higher at possibly US2,000 per ounce by mid-2020, as excess reserves continue to move out into the real economy.
Full article
https://seekingalpha.com/article/4297420-fed-tolls-bell-gold-us-2000
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
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