Thursday, July 5, 2012

You Can Smell The Central Bank Desperation as Support Builds in Gold and Silver

Surprise! The latest interest rate cut in the world of Central Banks comes from the European Central Bank. Yes, things are going so well in Europe that the ECB has flashed this wonderful signal of confidence by cutting its benchmark lending rate from 1% to .75% (as if this is going to have some wonder stimulus impact – a whopping 25 basis points). Very funny, once again. This move below the 1% (which had been considered someone’s barrier in the halls of the ECB), shows one thing: desperation knows no barriers and takes the ECB only 75% basis points to zero.... PLEASE READ MORE:

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