from King World News
the heels of a $15 move in gold and 50 cents in silver, today King
World News spoke with Marc Chandler, global head of strategy for Brown
Brothers Harriman, which does over $600 billion each month in currency
transactions. KWN wanted to get his take on where the US dollar and euro
are headed from current levels because this directly impacts the gold
and silver markets. Important implications for gold and silver are
Here is what Chandler had to say: “We are seeing general strength in
the US dollar, despite the fact that the Fed is engaged in quantitative
easing of an unlimited nature, and despite the fiscal cliff looming.
Right now the euro is trading at two month lows against the dollar.
Continue Reading at KingWorldNews.com…
Calls for Germany to repatriate its 1,536 tons of gold reserves held at the NY Fed are intensifying as Der Spiegel reports the Federal Reserve has refused to allow German inspectors to even view the country’s massive gold reserves “in the interest of security and of the control process“.
We have stated repeatedly that with repatriation and/or audit requests completed or in progress by Venezuela, Germany, Switzerland, and the Netherlands, The BOE and the Fed suddenly find themselves in a heap of trouble as the situation (and confidence that the Central banks actually still hold the
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