130,000 oz of Gold / year - Q4 2009

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SMF069

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OT: Gold Pops & Oil Drops As Initial Bond/Stock/EUR Exuberance Fades

posted on Jun 05, 2014 11:16PM

Gold Pops & Oil Drops As Initial Bond/Stock/EUR Exuberance Fades

06/05/2014

It was all fun and games until Draghi started speaking... the initial exuberance of what sounded like QE but wasn't really sent EUR to 1.35, stocks higher, and Treasury yields soaring. Then as reality sunk in that it was just not all that much... Gold started to surge, EUR rally back, stocks fade, and Treasurys rally... WTI crude is falling and Bitcoin is rising. We're gonna need a bigger QE, Mario.

WTI Crude is dumping too...

Charts: Bloomberg

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