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Mike Kosares: Fed signals that it's arranging more inflation
9:07p ET Thursday, June 14, 2018
Dear Friend of GATA and Gold:
The Federal Reserve, USAGold's Mike Kosares writes, signalled yesterday that it wants banks to lend money that has been deposited with the Fed as "excess reserves," thereby encouraging inflation. This, Kosares writes, well may be an upward turning point for the monetary metals.
His analysis is headlined "Why a Seemingly Run-of-the-Mill Announcement Yesterday by Fed Chairman Powell Might Signal a Major Turning Point for the Gold market -- and Perhaps All Markets" and it's posted at USAGold here:
http://www.usagold.com/cpmforum/2018/06/14/why-a-seemingly-run-of-the-mi...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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