10.3.19 - Feds Expand Risky Mortgage Exposure

Gold last traded at $1,507 an ounce. Silver at $17.60 an ounce.

NEWS SUMMARY: Precious metal prices rose again Thursday on downbeat economic data. U.S. stocks traded mixed as expectations of further easing by the Fed offset negative manufacturing data.

 

 

 

QE 4 "Not A QE" Begins: Fed Start Buying $60BN In Bills Per Month Starting Next Week -Zero Hedge

"Just one day after we laid out what Goldman's revised forecast for the Fed's 'NOT A QE' will look like, which for those who missed it predicted that the Fed would announce 'monthly purchases of about $60BN for four months, split across Treasury bills and short maturity coupon Treasuries, in order to replenish the roughly $200bn reserve shortfall and support the pace of growth in non-reserve liabilities', the Fed has done just that and moments ago the US central bank announced it would start purchasing $60BN in Bills per month starting October 15....

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