Gold & EUR Drop After ECB’s Coeure Counters Weidmann’s Warnings

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Gold, Government, Precious Metals, Silver

More of the same blather from Europe as following Weidmann’s earlier comments with regard the high-hurdles that the ECB still faces over sovereign QE, Coeure has come out to counter that by noting that the ECB does not have to see deflation to act and that they want to have a discussion of asset-purchases next week. EUR faded the Weidmann gains and Gold and silver are sliding as USD strengthens.
First Weidmann…
The head of Germany’s Bundesbank cautioned the European Central Bank on Monday about the legal hurdles it would face in embarking on money printing to buy government bonds, underlining its opposition to such a move.

This post was published at Zero Hedge on 11/24/2014.