ECB To Stun The World With Surprise QE & Gold’s Next Move

from King World News

After the sharp advance in gold prices yesterday, today 43-year market veteran Jeffrey Saut told King World News the ECB is going to surprise the financial world with an announcement of additional QE. Saut, who is Chief Investment Strategist for $360 billion Raymond James, also spoke with KWN about what to expect from the gold market in the aftermath of all of this additional money printing. Below is what Saut had to say in his interview.

Saut: “The Fed got out both barrels with QE1, QE2, QE3, and is now buying $85 billion each month in Treasuries and mortgage-backed securities. The Japanese, with the new administration and the new head of the Bank of Japan, got out the bazooka, and are doing the same type of QE, except they are buying $75 billion each month, yet their economy is 1/3 the size of ours (the US).

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