gunDriller
21st January 2015, 08:02 AM
OMG http WTF - fake Euromoney reassures markets !!! Bwahaha ?
http://www.bloomberg.com/news/2015-01-21/ecb-said-to-propose-qe-of-50-billion-euros-a-month-through-2016.html
Norcini said that the commodity markets thought the EU wouldn't print enough money (about 1/2 Trillion), and the safe haven flow was good for gold.
He implied that abundant money printing by Europe would be bad for the safe haven effect on commodity prices / PM prices.
Norcini, today, is vindicated.
EU says it will print $1.1 Trillion, PM prices fall.
Fvcking amazing.
http://www.bloomberg.com/news/2015-01-21/ecb-said-to-propose-qe-of-50-billion-euros-a-month-through-2016.html
Norcini said that the commodity markets thought the EU wouldn't print enough money (about 1/2 Trillion), and the safe haven flow was good for gold.
He implied that abundant money printing by Europe would be bad for the safe haven effect on commodity prices / PM prices.
Norcini, today, is vindicated.
EU says it will print $1.1 Trillion, PM prices fall.
Fvcking amazing.