ECB To Print Trillion Euros – Gold Could Surge 40% In 15 Minutes Against Euro, Dollar

Jon Fiscal Policies, Gold, Government, Market Commentary, Precious Metals

Mario Draghi is preparing to unveil QE today as the ECB looks certain to announce it’s much anticipated quantitative easing (QE) program. The move to print up to 1 trillion euros in the coming months appears to be a fait accompli although it will occur against a backdrop of strong German resistance and many concerns.
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Following leaks that mainstream news sources regard as credible, the ECB is expected to announce monthly purchases of 50 billion in government bonds of member states. The scheme is expected to run from March until the end of 2016 – for some 21 months – bringing the total to around 1 trillion euros. The ECB’s balance sheet currently stands at about 2 trillion.

This post was published at Gold Core on January 22, 2015.