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Saturday, 10/19/2019 9:49:40 AM

Saturday, October 19, 2019 9:49:40 AM

Post# of 19212
Fed Tolls The Bell For Gold US$2,000

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

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