“Never Another Upgrade”

by Andrew Hoffman
Miles Franklin

It’s early Thursday morning – and the fifth major, massively PM-bullish (and “everything-else-bearish”) news event of the past 21 days just emerged. In order…

1. March 10th – ECB reduces interest rates to -0.4%; raises its (already one-year old) QE program from €60 billion to €80 billion/month; and adds “corporate bonds” to the pool of monetizable assets

2. March 16th – the FOMC’s most dovish policy statement to date – as described in “Clueless Janet launches the Final Currency War into Hyperspace.”

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