[youtube gdNpiUwRxo4]
Kitco News catches up with Jim Wyckoff following the much anticipated ECB meeting that took place Thursday. “The marketplace’s reaction is that they were a bit disappointed that the ECB was not more progressive in its stimulus,” he says. “I think you’re going to see the ECB keep its foot on the throttle with pretty aggressive monetary easing.” Wyckoff says that the downbeat EU data as well as deflationary pressures in the region will be an underlying bullish factor for gold. “It can be argued that deflationary price pressures in the EU would be bearish for gold as a raw commodity but it’s my sense that the safe have demand for gold would trump the deflationary pressures.” He adds that continued monetary stimulus in Europe will undermine the confidence not only in the region’s economy, but also the euro currency. Tune in now to get his market ratings for gold and silver, as well as to see why he thinks a turnaround in raw commodities may be coming sooner rather than later. Kitco News, October 2, 2014.
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: www.kitco.com/newsletter
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com — Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews — Kitco News on Facebook: http://facebook.com/kitconews — Kitco News on Google+: http://google.com/+kitco — Kitco News on StockTwits: http://stocktwits.com/kitconews
As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and © Kitco.
As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and ©
Be the first to comment