Central Banks, QE and Gold (23:45)
First up, I know nothing about Central Bank balance sheet analysis. What you see in this video is purely an Amateur having a go, trying to understand what is going on. So, give me a break.
However, if you ARE a Central Bank balance sheet analyst – please set me straight where I’m off base. I am always up for re-publishing emails with good analysis. So if you’d like to add to the debate or educate woeful Amateurs like myself, I’m all ears.
And if you’re Swiss – what the hell is going on in your country? They ran Iceland like a giant hedge fund with external banking debt four times greater than the GDP of the country. But come on, Iceland is only 300,000 people. You’re Switzerland for christ’s sake.
Lastly, if you’re a Gold bug – I’m with you, man. I think what the Central Banks are doing is nuts. We don’t need anyone “setting” interest rates – we’ve got a perfectly good mechanism (called a market) for doing that. And we certainly don’t need someone enabling unfettered Government (non-productive) spending. And so Gold will again have it’s day in the sun, just not quite yet.
And yes, the video is long. Good luck with your Emini trading.