This page has been archived and commenting is disabled.
ECB Keeps Rates Unchanged
As expected, no changes in any of the three key rates from the ECB.
4 April 2013 - Monetary policy decisions
At today’s meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.75%, 1.50% and 0.00% respectively.
The President of the ECB will comment on the considerations underlying these decisions at a press conference starting at 2.30 p.m. CET today.
More important will be the press conference starting at 8:30 am Eastern, where Draghi will field questions on the ECB's non-intervention in light of the conditions it imposed most recently in Cyprus, the legal term-sheet status of the OMT, the latest relapse into recession by Europe, and more. Note: we said questions, not answers.
»
- 3585 reads
- Printer-friendly version
- Send to friend
- advertisements -
The Gold smackdown will stop.......someday.
does anyone know how hugh hendry made out when rates went below 1%?
Profit from gold's impending collapse
Every currency getting destroyed by Excessive money printing and how GOLD can go down in this environment? The only logical answer I got is that they figure out the way to actually print Gold. And printing those GOLD ETF shares/futures even more than dollars. At 8PM Gold going to reverse and go down again. Daily procedure.
GLD and SLV are at strong, long term support levels. Will be interesting to see if there is a reversal here or if they breakdown.
It becomes counterproductive when they start to devalue national reserves. When the price is held down, demand or not, it effects national balance sheets. In the end, they know they need to push gold much higher to fix this whole mess. In the short term, I doubt there is interest in going under the range. Not too many organizations have the ability or assets to pound like this on a schedule, purposely trying to lose, for 6 months straight. They have some goal, at which point the operation will stop.
Rogers and Soros were the give away that this is all government/CB action. They make their money by knowing the same people, and managing money for those people.
The ECB figured today wasn't a good day to die......as expected.
Do nothing (except lying), stick head in sand, crises will disappear.
Will boil down to that.
Just push the price of gold down.....see......nothing is wrong here.
Redistribution of real money.....global marxism rocks.
The important question to know from this meeting here is...
~~~
How were the jelly donuts?
So let's see, US markets go down -110 yesterday and today we get a 1.4trillion bailout in Japan. Someone had to do it. LOL. Flush this motherfucker already. They can't admit to problems here, we have too many other countries to take care of or blow up.
US rate follows the 3 month T-Bill rate - always have. The market sets this rate. And Europe's rate?
The weekly chart says it all - no substantial move since 2009.
http://bullandbearmash.com/chart/weekly-3-month-tbill-largely-unchanged/
key numbers to watch s and p = 1 oz bullion
roll of charmin = 100 yen
1 oz silv= 50 rds 9mm
"Germany's economy slowed to "near stagnation" last month, while France's recorded its biggest contraction for four years, according to a closely watched survey.
The Markit composite purchasing managers' index (PMI), which measures both the manufacturing and services sectors, declined to 50.6 in Germany last month, from 53.3 in February.
Any figure above 50 indicates growth.
France's reading fell to 41.9 points, its worst since March 2009.
For the eurozone as a whole, the index fell to 46.5 from 47.9 in February"
http://www.bbc.co.uk/news/business-22024606#sa-ns_mchannel=rss&ns_source...
Draghi: Well, let me first say that we do not, by and large, comment on the nationalisation of banks. But if I have to judge the objectives of this decision, the goal was to ensure the stability of the Dutch banking system. The government’s comprehensive reform agenda must continue. The ECB was not informed by Minister Dijsselbloem, but Governor Knot made the Governing Council aware during an informal discussion. And the ECB has, on other occasions, maintained that the bailing-in of creditors is an effective way to support capital positions. So, for the ECB, a bail-in is a good thing, by and large, provided it does not affect financial stability. In all these issues, you have to find an equilibrium between, on the one hand, debt sustainability and not using taxpayers’ money (i.e. bailing people in) and, on the other hand, financial stability."
Just like the Cyprus deal, everything in Europe is decided over and informal lunch or diner ?
P-p-press conference will be here - http://www.ecb.int/press/tvservices/webcast/html/webcast_130404.en.html
Doing whatever it takes ... like taking haircuts on deposits.
Ein, zwei, drei ... the wall.
Or now, add to whatever it takes, ichi, ni, sun ...