Peter Whelan

Alternative Investment Expert, Law, Consultant, Published Writer, Entrepreneur. likes : Sport, People, Travel + Good Food.

[Holger Zschaepitz @Schuldensuehner]

In case you missed it: #Fed has ramped up its balance sheet. Total assets rose by $77bn most since May to $7.15tn on QE. Fed has bought more Treasuries and MBS. Fed balance sheet now equal to 37% of US's GDP vs #ECB's 66%, #BoJ's 136%.

[Kevin Doyle @KevDoyle_Indo]

So we can…

- Go to Mass but not meetings.

- Play football but not watch it.

- Eat in pubs but not have Sunday lunch with parents & siblings.

- Attend a wedding with strangers but not have a BBQ with neighbours.

- Send the kids to school but not go to work. #Covid_19

[Peter Whelan @commodityirl]

Silver : $:24 Usd

[Peter Whelan @commodityirl]

Gold price hits record high, currently trading @ $ 1,935 Usd.

Previous high was $ 1,911 set in September 2011.

[Peter Whelan @commodityirl]

@JReade_WGC Sept 2011 high of 1911 usd is the big target now John

[John Reade @JReade_WGC]

#Gold has surmounted $1800/oz this morning with few fireworks (but a lot of excited tweets).

[Daniela Cambone-Taub @DanielaCambone]

So much excitement in the #gold market right now

[Peter Whelan @commodityirl]

Gold spot has just hit 1,800 Usd

[Holger Zschaepitz @Schuldensuehner]

Good Morning from #Germany where Parliament backs #ECB bond-buying after court standoff. Broad alliance of parties voted to accept proportionality check the ECB provided for PSPP to satisfy Constitutional Court requirement. https://t.co/xkubzpuhq3

[Peter Whelan @commodityirl]

@MaryButlerTD @fiannafailparty Congrats Mary, the last government neglected the people that made our country what it is. Like our parents and the over 70's. Mental health is so important also. I wish you well and know you will do a good job.

[Holger Zschaepitz @Schuldensuehner]

#Eurozone unemployment rate inched higher to 7.4 % in May from 7.3% in April amid govt support. Youth unemployment grew much faster, meanwhile: Eurostat estimated that 16% of youths were out of work in the euro area, up by 0.3ppts.

[Peter Whelan @commodityirl]

US Financial Markets closed this Friday 3 July for Independence Day holidays.

[Holger Zschaepitz @Schuldensuehner]

Global stocks struggle for headway as H2 got underway, w/improving econ data offset by worries that surging coronavirus cases in US could derail world's recovery. EU extended travel ban for US residents. Asia mixed. Bonds slip w/US 10y 0.67%. Gold near $1,800, Bitcoin $9.1k.

[Holger Zschaepitz @Schuldensuehner]

Good morning from #Germany, where inflation is not in goods prices, but in asset prices. The average employee (w/hourly wage of €21.92) must currently work an avg of 562 hours to afford 1 share of Dax, almost 3times as much as 20yrs ago. https://t.co/j22Tlq3HNr via @welt

[David Cheetham, CFA @DavidCheetham3]

New highs for Gold (+0.45%) which remains in breakout territory above $1750. Price just tagged highest level since Oct 12 but daily RSI still not even in o/b region. 2011 highs around $1920 not too far off. Recent price action similar to GFC with initial drop then rally #XAUUSD

[Peter Whelan @commodityirl]

@JReade_WGC 1800 Usd Gold in sight

[John Reade @JReade_WGC]

Good morning, gold is at $1773/oz mid week in early London trading, just shy of the overnight and seven-year highs of $1774.65/oz.

The bid ask spread is about $1.25/oz from what I can see on Bloomberg.

[Holger Zschaepitz @Schuldensuehner]

There’s a wave of selling estimated to be in the billions that’s about to hit stock mkt: The final day of June is a week away, & Wall St is already speculating that there’s potential some asset allocators could take big gains from stocks & move into bonds https://t.co/RJD1xObkmk

[Peter Whelan @commodityirl]

@dlacalle_IA Medium to long term it is only going one way that's down.

[Holger Zschaepitz @Schuldensuehner]

Bank of England adds another £100bn to bond-buying program to combat coronavirus slowdown. Policymakers led by Gov Andrew Bailey voted 8-1 to boost purchases while keeping benchmark interest rate kept on hold at a record-low 0.1%. Chief Economist Haldane dissented on QE expansion