Submitted by Axel Merk via Merk Investments,
Gold never changes; it's the world around it that does. Why is it that we see a renewed interest in gold now? And more importantly, should investors buy this precious metal?
Key attributes in a 'changing world' that may be relevant to the price of gold are fear and interest rates. Let's examine these:
Gold & Fear
Regular readers know Tim Leissner.
Leissner was the powerful Goldman banker responsible for financing Malaysian PM Najib Razak’s giant slush fund, known as 1MDB.
After yesterday's strong 2Year auction, there was some confusion how today's issue of $34 billion in 5 Year paper would transpire, especially after the previously reported "technical difficulties" which prevented the NY Fed from conducting today's MBS POMO - something that has not happened in years. Well, the results are in and the auction was an absolute blockbuster.
Submitted by Claire Bernish via TheAntiMedia.org,
An increasing number of politicians have joined the call for an audit of the Federal Reserve, including several presidential contenders - most surprisingly, Donald Trump.
Just at the market began its torrid ramp higher today at 11:15 am on the dot, something else was expected to happen: the Fed's open market buying, or POMO, of Agency MBS (yes, those still continue despite the end of QE because the Fed has to keep the level of its balance sheet flat and offset maturities).
Only today this did not happen. Instead, this is what the NY Fed said:
Wed, February, 24, 2016