by Peter Cooper, Arabian Money:
The ending of QE3 money printing by the Federal Reserve and the announcement of QE9 by the Bank of Japan knocked the price of gold and silver back to levels not seen for four years last week, a logical reaction if you genuinely think US interest rates are now on the way back up.
That’s the official position, of course. The US bond market is still saying that this is going to be impossible. America is stuck in a deflationary slump and low interest rates will persist. It is therefore only a matter of time before QE4 to counter this deflation and prevent a debt deflation trap.
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