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Craig Hemke at Sprott Money: U.S. rates getting more negative and will boost gold
9:45p ET Wednesday, May 19, 2021
Dear Friend of GATA and Gold:
Real short-term interest rates in the United States and growing more negative, Craig Hemke of the TF Metals Report writes today at Sprott Money, noting an announcement last week by the Federal Reserve Bank of New York that it will start buying longer-dated Treasury bonds, suppressing rates there too.
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This additional suppression of interest rates, Hemke writes, promises higher gold prices in the near future.
His analysis is headlined "Comex Gold Into Summer" and it's posted at Sprott Money here:
https://www.sprottmoney.com/blog/COMEX-Gold-Into-Summer-Craig-Hemke-May-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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