Gold Manipulation Not In Sight, Chinese Debt Levels On Radar

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Matthew Kerkhoff, research director at Dow Theory Letters, speaks with Kitco News about the global central banks, gold and Chinese debt levels on this edition of “On the Spot.” The ECB is meeting in Frankfurt this Thursday and Kerkhoff says Draghi is under pressure to continue easing. “Everyone is going to be looking to Draghi to do something with the euro; whether it is cutting rates a little bit further or actually starting to engage in some type of QE, I do believe the pressure is mounting for him to make a move.” Looking at the U.S., Kerkhoff says the Fed made the right decision to taper last week. “People were worried that the emerging market disruptions were going to cause the Fed to shift course a little bit but that would have been a big mistake,” he adds. Kerkhoff also comments on the metals and says he remains bullish on gold for the long term. “On the technical side, we’re still seeing a little bit of weakness in the gold markets…but, there are a lot of long run positive catalysts for gold.” Kerkhoff also touches upon gold manipulation during the interview with Daniela Cambone. Watch now to hear more of his thoughts on China’s economy, the Fed, stocks and gold manipulation. Kitco News, February 3, 2014.

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