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Alasdair Macleod: NIRP -- Its likelihood and effect on commodities
3:34p ET Thursday, October 1, 2015
Dear Friend of GATA and Gold:
A negative interest rate policy by central banks, GoldMoney research director Alasdair Macleod writes today, would push commodity traders to switch from short to long anticipating flows out of bank deposits and into necessities. Such a reversal, Macleod writes, likely would be especially pronounced in the gold market. Macleod's commentary is headlined "NIRP, Its Likelihood and Effect on Commodities" and it's posted at GoldMoney's Internet site here:
https://www.goldmoney.com/research/analysis/nirp-effect-on-commodities?g...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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