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The ECB is rumored to announce today......

JulioJulio Posts: 2,501 ✭
in Precious Metals
it's strategy for the EU. Just about any way I look at what they will likely do, it comes up positive, for the metals. Does anyone here believe different. Take care. jws
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Comments

  • 1jester1jester Posts: 8,637 ✭✭✭
    I don't know where you're hearing these rumors, but it's 7:30 am in the City and gold and silver have spiked up. But then again, they always are in a state of flux, aren't they?

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    .....GOD
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    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    ECB stands pat on interest rates.
    Euro up = $ down = metals up.
    Dollar Index since midnight:

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    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • derrybderryb Posts: 36,790 ✭✭✭✭✭

    Draghi continues to open his mouth, euro moving down = $ moving up = metals moving down. Simple to see how euro affects metals.
    Link for live daily $ chart for those that care to save it.

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    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

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