Bullboard - Stock Discussion Forum Sprott Junior Gold Miners ETF SGDJ

The Fund seeks investment results that correspond before fees and expenses generally to the performance of its underlying index the Sprott Zacks Gold Miners Index ticker symbol ZAXSGDM the Underlying Index. The fund will invest at least 90% of its net assets in securities that comprise the underlying index. The underlying index aims to track the performance of junior gold companies primarily... see more

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Sprott Junior Gold Miners ETF > FED Supports Infinity QE Eric Sprotts- Peter Grosskopf CEO🔥

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Post by GoldenPolarBear on Apr 29, 2020 5:35pm

FED Supports Infinity QE Eric Sprotts- Peter Grosskopf CEO🔥

"... The Federal Reserve is wrapping up its first regularly scheduled monetary policy meeting since the global economy was turned upside down because of the COVID-19 pandemic.

Since early March, the U.S. central bank has thrown all it can at the growing economic crisis; in less than two months, it lowered interest rates to the zero bound range and introduced unlimited quantitative easing measures..."

Peter Grosskopf, chief executive officer at Sprott Inc., said that he doesn't think the Federal Reserve has much ammunition left but will continue to buy government debt to support the economy...."

https://www.kitco.com/news/video/show/Kitco-NEWS/2805/2020-04-29/Its-now-mandatory-to-hold-gold-as-Fed-supports-infinity-QE--Sprotts-Grosskopf#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DKitco-NEWS

I am pleased to see that Sprott is so bullish on Gold & Kerr Mines in the near future...!

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