Last Time This Happened Gold Price Spiked 24% In One Year! Plus Final Week Of Excess Global Liquidity

Monday, September 24, 2018
By Paul Martin
September 24, 2018

As we kickoff the final week of trading in September, the last time this happened the gold price spiked 24% higher in one year! Also, this is the final week of excess global liquidity.

This Happens By Year End
September 24 (King World News) – Here is a portion of what Peter Boockvar wrote today as the world awaits the next round of monetary madness: Well I guess any hopes for a trade deal between the US and China won’t happen anytime soon and is more likely a 2019 event, which means those 10% taxes on the latest tranche on China that kicks in today will become 25% by year end…

China’s stock market was closed overnight so the only response seen was in the H shares in Hong Kong which closed lower by 1.8%. The Hang Seng was down by 1.6%, also impacted by rising HIBOR rates which rose to a 9 year high overnight. Copper is down about .5% after a big rally last week.

Final Week Of Excess Global Liquidity
This week though we’ll be shifting the conversation back to monetary policy with the Fed meeting Wednesday and as we enjoy the last week of excess liquidity on a combined basis from the Fed, ECB and the BoJ. Starting on October 1st, the Fed will shift QT to its max level of $50b per month, $600b annualized. The ECB takes QE down to a negligible amount of 15b per month from 30b (peaked at 80b last year). Throw in the reduced amount from the BoJ and the net goes to zero. It was running at $100b per month in Q4 2017. In my list of market challenges, the change in global monetary policy is number 1.

The Rest…HERE

One Response to “Last Time This Happened Gold Price Spiked 24% In One Year! Plus Final Week Of Excess Global Liquidity”

  1. Robert Edward Lee

    HOW does KingWorldNews stay in business when ALL they do is cry wolf ??? Get a job King.


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