The Phaserl


Gold Sector Analysis: Gold Blows Up, Travels to 1300 on EU Easing

from The Daily Bell:

Gold traders certainly liked gold a lot more than Mario Draghi’s plan for European easing

This Week’s Monetary and Industrial Trends

The Swiss National Bank sent gold rocketing when it severed the franc’s link to the waning euro. This week Mario Draghi did the deed himself by announcing a trillion-dollar “euro-easing” program. Gold bugs don’t like currency debasement and they don’t like unsettled markets. This past week contained harbingers of both. In fact, in the case of euro-easing, it’s not just a harbinger but a fact. Draghi apparently intends to pull the trigger, even facing probably German opposition.

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