by Peter Cooper, Arabian Money:
Gold and silver prices are hovering on the brink of a breakout this weekend as financial markets contemplate the time bomb that is now ticking with the European Central Bank finally on the spot over quantitative easing after a slide into deflation last week. January 22nd is the next ECB meeting. So will it be QE or not QE?
Precious metal prices are rising in anticipation of money printing in Europe. Eurozone stock and bond markets have been pricing it in too. But there is a problem. The Germans are the paymasters of Europe and loathe money printing because it destroyed their currency twice in the last century, and they can still put up quite a fight in the law courts.
Please follow SGT Report on Twitter & help share the message.