The Central Banks across the world have developed a penchant to
inject stimulus into the economy as the warp and weft of global
socio-economic-political fabric is at a risk of getting tattered.
And this penchant has got directly translated into an ebullient performance by bullion. Gold traders are most bullish in 10 weeks according to Bloomberg as wave after wave of stimulus Sandys lash against the gold coast.
The wave started off with Ben Bernanke opening QE floodgates and channelising $2.3 trillion in greenback in a debt purchase program from December 2008 through June 2011. Recently the floodgates were decided to be left open for unlimited time until the job markets took firm roots.
This measure comes along with another round of bond purchase program to the tune of $45 billion announced last week. Also, the Bank of Japan has provided the economy with 66 trillion yen with an additional firepower of 11 trillion yen added to it. It would also provide unlimited loans to banks to boost credit lending.
The European Central Bank or ECB has decided to buy bonds on an unlimited scale. Add to this, the $158 billion subways-to-roads construction plan floated by China and the picture becomes clear. One may even see the froth oozing from the side of the bull's mouth. [Via]
And this penchant has got directly translated into an ebullient performance by bullion. Gold traders are most bullish in 10 weeks according to Bloomberg as wave after wave of stimulus Sandys lash against the gold coast.
The wave started off with Ben Bernanke opening QE floodgates and channelising $2.3 trillion in greenback in a debt purchase program from December 2008 through June 2011. Recently the floodgates were decided to be left open for unlimited time until the job markets took firm roots.
This measure comes along with another round of bond purchase program to the tune of $45 billion announced last week. Also, the Bank of Japan has provided the economy with 66 trillion yen with an additional firepower of 11 trillion yen added to it. It would also provide unlimited loans to banks to boost credit lending.
The European Central Bank or ECB has decided to buy bonds on an unlimited scale. Add to this, the $158 billion subways-to-roads construction plan floated by China and the picture becomes clear. One may even see the froth oozing from the side of the bull's mouth. [Via]
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