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ECB Meeting This Week Draws Attention

ECB Meeting This Week Draws Attention
Category: Market Reports
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Posted: 03-07-2016 10:07:00 AM

This article contains some of the more interesting headlines as of late. 

All eyes on the ECB meeting later this week. The FED and the ECB moving in opposite directions, as negative interest rates across the pond look like the only tool the ECB can use to try to bring calm to the EU economies.

Mario Draghi said previously at the January ECB meeting that if things don’t improve, we will need to reassess our policies at the next meeting.

I expect what comes out of the ECB meeting this week will help the FED’s decision to hold off any rate hike on our shore for the foreseeable future.

Some headlines of interest:

  • Gold ETF holdings continue to increase now at 56.7 million ounces.
    China adds more gold reserves in February now holding 57.5 million ounces.
    Platinum climbs over $ 1000 dollars for the first time since October 2015.
    Palladium higher as traders look for a breakout thru its first level of resistance at the $ 575 dollar level, giving them some confidence that higher prices are in order.
  • This morning we see the dollar and oil in positive territory keeping a cap on the recent gold rally.
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About The Author

Walter Pehowich Author Name: Walter Pehowich
This editorial has been prepared by Dillon Gage Metals. This document is for information and thought-provoking purposes only and does not purport to predict or forecast actual results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein are current opinions as of the date appearing in this editorial only and are subject to change without notice. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used herein do not prove to be true, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. This information is provided with the understanding that with respect to the opinions provided herein, that you will make your own independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your own judgment, and that you are capable of understanding and assessing the merits of a course of action. You may not rely on the statements contained herein. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisors with respect to these areas. By posting this editorial, you acknowledge, understand and accept the foregoing.

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