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odanez
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Why ECB QE Is Bearish For Gold Prices

- Sam Kirtley - Sk Options Trading

look who came crawling out of the woodwork as soon as gold is heading towards 1200. Not one word all summer, and now back again to repeat the same bearishness

Commented 3644 days ago

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Beginning of the headline :The recent action by the ECB appears to have caught many gold bulls off guard. A common interpretation of the impact that a potential quantitative easing program would have on gold prices was that it would be very bullish. This argument was based on the concept that money printing is bullish for gold, and that QE1 and QE2 by the Fed triggered major rallies in the yellow metal. Whilst we do not dispute that QE1 and QE2 by the Fed were indeed bullish for gold, we strongly disagreed that the ECB wo... Read More

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