Serabi Gold Share Discussion Threads

[loganair] 12/9/2019 13:47

The ECB do not need any more monetary easing as the Euro Zone banks already have €2 trillion on deposit with the ECB as they are unable to lend this money out.

[loganair] 12/9/2019 13:45

I heard that the ECB held back a bit, not as dovish as they could of been just in case there is a Hard Brexit, leaving them with more easing possible during their next meeting.

[littlepuppi7] 12/9/2019 13:37

Just wondering about taking another slab as well...

[qs99] 12/9/2019 13:36

Pog motoring, bought some more HUM this am...and some more SRB on dip.... gla

[littlepuppi7] 12/9/2019 13:28

Wait til the Reality of the hidden statement hits home. Basically ECB are gonna print 20 billion forever

[loganair] 12/9/2019 13:24

Trump Tweet - basically he said - The ECB cutting rates have made the dollar stronger against the Euro. All the Fed can do is to sit on it's hands while we have to pay interest on our borrowing while the Europeans don't.

[jswjsw] 12/9/2019 13:18

And there it goes - Gold up $10 on the news

j

[littlepuppi7] 12/9/2019 13:14

Ppvn was just going to say.. strap in chaps. The rocket is being moved to the launch pad. Today is the start of the gold rush.

[ppvn] 12/9/2019 13:11

El-Erian has commented how the FED is now likely to have to respond.

More confident than ever that this little beauty of a share is going to rocket in a most pleasing way.

[littlepuppi7] 12/9/2019 13:09

Looks like there is a small print alert.. ECB added passage around conditions for money printing to end. Worth a read as it's a game changer. Also note the #lowratesforever trending on twitter. That's how it looks.

[littlepuppi7] 12/9/2019 12:56

And get ready for a trump tweet urging fed to follow suit..

[littlepuppi7] 12/9/2019 12:51

So it's confirmed. Money printing to restart. Gold will be strong now.

[loganair] 12/9/2019 12:50

ECB QE €20bln of bond purchases per month from 01st November for as long as needed and the 0.1% cut in interest rates to -0.5%.

Euro zone banks have €2 trillion held in deposit with the ECB.

[littlepuppi7] 12/9/2019 12:37

The vast majority have no idea what's going on. Like the modern day Weimar Republic. And we know how that story ends.

[ppvn] 12/9/2019 12:23

Amazing. ECB expected to up their holdings of eurozone debt to 50% and nobody blinks an eyelid.

We truly have entered the twilight zone.

[loganair] 12/9/2019 12:12

What is being expected from the ECB today:

1. Cut in interest rates from -0.4% to -0.5%
2. QE bond purchases to restart, €30bln to €45bln per month for the next 12 months.
3. At next meeting a further 0.1% rate cut to -0.6%.

[littlepuppi7] 12/9/2019 11:47

So simba.. if you call creating trillions of bonds selling them to the fed to pay back other maturing bonds paying back debt then yes it will be repaid. I call it creating money. But technically the bond will be paid but the money supply will increase.

[simba_] 12/9/2019 11:40

Translation= You don't know?..You essentially said its nothing to do with the economy but dodged when I asked if it plays no role. YCs inverted partly because Econ data was pointing to recession. Gold is classically a safe haven reacting to that inversion. How is the economy not playing a role?.Then you said the 20t debt will not repaid. Emphasised by 'I'm telling you'. When I asked about this, you changed to....it will be repaid but by more debt. Confusing. Will it be repaid or not?..By more debt? So does this increase or decrease the 20t debt load?, who issues the debt?. All I'm asking you to do is elaborate on what youre saying because youre just sayings things with no explanation and it's not making much sense. If its too complicated for a bb, why bring it up?. But, yeah...I'll read more. Thanks.

[ppvn] 12/9/2019 11:27

Fast money hopefully departed on our last run up to 90p. Let's see what we can do this time!

[littlepuppi7] 12/9/2019 11:08

Simba I think you need to read up quite significantly on a lot of things, these line items are all interconnected and complicated and not easily discussed on a bb. But fundamentally the root of it all is debt and money creation and what happens when that balance is lost. That's how I look at things on a very high level basis.

[simba_] 12/9/2019 10:42

Interesting. Can you touch on how that works?. And what are the implications?.

[littlepuppi7] 12/9/2019 10:33

It will be repaid but just with more debt. That's the model now.

[simba_] 12/9/2019 10:18

You think the economy doesn't play a role here?. What do you think happens then as a result of the debt no being repaid?.

[littlepuppi7] 12/9/2019 10:03

Let's not even start talking about helicopter money which I think could enter the mainstream!

[ppvn] 12/9/2019 10:01

I'm not so sure re. further Q.E.

Think the talking heads have caught up to the fact that over the past ten years all that's happened is companies are overleveraged on cheap debt and asset prices have gone through the roof. IMO that's why you're hearing increasing amounts in the mainstream about helicopter money.

Q.e. hasn't worked and the noises coming from the hawks at the ECB (yes even France agrees!) about not providing more stimulus to the markets is really interesting. Yes I'm sure Mario will cut today but the tiering for the financial sector will be interesting. Q.e. has actually stymied lending to the real economy, not stimulated it. And the low rates are the reason for the lack of banking profitability in the Eurozone as opposed to structural risk.

The FED can't allow the dollar to skyrocket so I guess rates there will come down too - but I don't think equities in general are set up for a rally. Quite the opposite in fact.

Which leaves the few havens that aren't ridiculously overvalued. Gold imo is going to fly at some point.