Bullmarket of Unprecedented Magnitude in Gold

Author Clive Maund | Published by Goldbroker ™ | Dec 31, 2019 | 8576

Gold is now a major bullmarket as evidenced by its strong breakout from a giant 6-year long base pattern in August. The larger trend is up. We had thought that it might react back closer to the breakout point before turning higher again, but it didn’t, and started higher again in recent days over...

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ECB Cuts Its Deposit Rate, Launches New QE

Published by Goldbroker ™ | Sep 12, 2019 | 4916

The ECB said it would cut its key interest rate by 0.1 percentage point, to minus 0.5%, and buy €20 billion ($22 billion) a month of eurozone debt starting in November, relaunching a so-called quantitative easing program that it only phased out in December.

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