Post by
bigdaddycash on Jan 21, 2015 10:13am
BoC drops overnight rate - AU at $1590 CAD
Gold in CAD almost at $1600. Looking good for CAD producers...
Comment by
chapulin on Jan 21, 2015 10:30am
Crazy Day. Courtesy of Bank of Canada??
Comment by
rollon on Jan 21, 2015 11:03am
Gold has broken lower on reports that the European Central Bank could undertake up to 50 billion euro a month in QE for 1 to 2 years, with the yellow metal reversing back from highs over US$1,305 to $1,286 on that prospect. Guess the market sees gold as more of a risk proxy than an inflation proxy.