Europe, US & Gold Ahead Of Crucial Fed & ECB Meetings
July 31, 2012
With market participants eagerly awaiting decisions by both the Fed and the ECB, today King World News interviewed 25 year veteran Caesar Bryan over at Gabelli & Company, which has over $31 billion under management. Here is what Ceasar had to say regarding the upcoming central bank meetings and their impact on key markets: “Clearly it’s the week for central banks. The market is waiting to see what the Fed does tomorrow. There is also anticipation as to what action the ECB is going take this week as well. The market will certainly test the European’s resolve. Draghi came out and claimed that they would do whatever it took to save the euro.”
Caesar Bryan continues:
“The time for words is over and it’s time for action now. The problem they have is that two big countries are now in the crosshairs, Spain and Italy. It is incredibly difficult because they are too big to fail, but they are also too big to rescue.
So we will either see major central bank action, printing of money and purchases of the debt, or Germany, along with other key nations, has to come in and guarantee the sovereign debt….