You are here

Mike Kosares: Fed signals that it's arranging more inflation

Section: Daily Dispatches

9:07p ET Thursday, June 14, 2018

Dear Friend of GATA and Gold:

The Federal Reserve, USAGold's Mike Kosares writes, signalled yesterday that it wants banks to lend money that has been deposited with the Fed as "excess reserves," thereby encouraging inflation. This, Kosares writes, well may be an upward turning point for the monetary metals.

His analysis is headlined "Why a Seemingly Run-of-the-Mill Announcement Yesterday by Fed Chairman Powell Might Signal a Major Turning Point for the Gold market -- and Perhaps All Markets" and it's posted at USAGold here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Buy, Sell, or Store Precious Metals with Money Metals

Money Metals Exchange, a national bullion dealer recently voted "Best in the USA" by a worldwide ratings group --

-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.

Shop online with Money Metals Exchange here --

-- or by calling 1-800-800-1865.

Meanwhile, the Money Metals Depository --

Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: