Dec. 22 at 4:07 PM
$GLD $JNUG $SLV $GDX $B
A whole lot of "Shakespeare" going on here. Even he would would recognize this "not" QE as exactly that which is by any other name is QE.
❌Federal Reserve to pump
$6.8 billion into the market this week, making a total of
$38 billion‼️ over the last 10 days❌
This Fed pattern repeats, time & time again
🤌 “temporary → permanent”
wasn't overnight repos suppose to be temporary but it seems to show up & is running all the time, in small amounts then in larger amounts. Who remembers the "Bank Term Funding Program" & how much was rolled out, starts with a T.
The Fed wants to avoid signaling panic or a full policy shift. Classic Fed playbook, start w/small, temporary, “technical” liquidity operations, & only later admit it’s QE.
https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/treasury-securities/treasury-securities-operational-details#current-schedule