Alasdair MacLeod was with us today discussing the new and improved Silver Fix. It seems the new fix is no more transparent than the old one. Administered by the CME Group and Reuters, Alasdair is finding it quite unhelpful. He states that the precious metals business is expanding throughout the globe and that London will lose its once cherished position as the center of the trade to China.
We also discussed the possibility of QE for the Eurozone. With the economic slowdown in full bloom, how much longer will the ECB be able to resist calls for the monetary elixir known as Quantitative Easing? After all, it’s worked so well in the USA.
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