Resolving economic problems and at that moment the markets switched from being worried about deflation to suddenly thinking the outlook is inflation the s. And p. Took off and we are where we are now gold and silver took off the gold silver ratio collapsed from 120 down to current 70 ought they call and took off oil took off so there was that moment and i think we discussed this in an earlier. Cost with the video with the when go dipped in april because of delivery problems on cemex but apart from that oil also basically took off so did copper dock to copper which tells us that. You know the outlook was considerably improved after the fed turned around and said we will. Print whatever it takes and it was also the day when the dollars trade weighted talked and it hasnt really stopped falling since that so 23rd of march i think is a date we should all put in our diaries that was when the world changed and it is so reebok couple that any idea that for example gold is had a wonderful run t
At the fact that its sort through 2000. 00 do you agree with what Goldman Sachs who is one of the biggest beneficiaries of the can tell you in a fact all of the sort of money system they say that the u. S. Dollar is days are nearing an end and how they determine that in their reports is that. The gold price so do you see those 2. 00 as being related and are they a little bit see you doing gloom and that the u. S. Dollar is ending soon the answer to that is yes they are related but i would put it slightly differently from the way Goldman Sachs describes it there was a day earlier in this year when everything changed it was rather like you know the tide stopped going out and started coming in all from how the part of you stopped coming in as a going out and that was the 23rd of march between more or less the beginning of the year and the 23rd of march markets sank the s. And p. Lost a 3rd of its value you had gold was just absolutely knocked down i mean certainly the open interest was no
Beginning of the year and the 23rd of march markets sank the s. And p. Lost a 3rd of its value you had gold was just absolutely knocked down i mean certainly the open interest was not down though the price was a lot more resilient than you would have thought and so there were various things that really were his i mean even bit coy and sort of was pretty weak in those in the at that early time but then on the 23rd of march something happened and that was that the fed made a statement which basically set we will throw however much money it takes at resolving economic problems and at that moment the markets switched from being worried about deflation to suddenly thinking the outlook is inflation the s. And p. Took off and we are where we are now gold and silver took off the gold silver ratio collapsed from 120. 00 down to current 70 ought they call and took off oil took off though there was that moment and i think we discussed this in an earlier. Cost with the video with the when go dippe
Home on monday and that would have been 29 june and he actually ended up passing away on june 30th. And french right wing Leader Marine Le Pen takes aim at the countrys Pandemic Response publishing a searing summary accusing the government of serious failures and one. Morning friday the 31st of july here in moscow will mold them to your life Multi International World News Center one is kevin 0 in here for the next half hour with the latest headlines for you then starting with this President Trump is threatening to deploy the National Guard if the unrest against Racial Injustice continues into the weekend in the city of portland in oregon the mayor had pleaded for a cease fire earlier this week which then saw the trumpet ministration agree to withdraw federal militia from the city although it doesnt mean theyre packing up just yet in fact seems trumps keeping his options very open. Our people are staying there to see whether or not they could do it today and tomorrow and if they dont do
Cost of. A few days before he had been saying. Im excited to come home on monday and that would have been 29. 00. And he actually ended up passing away on june 30th. Right wing Leader Marine Le Pen takes aim at the countrys Pandemic Response publishing a searing summary accusing the government of serious failures on the bright line. Morning here just past am friday morning 31st of july moscow time live for us internationals World News Center my names kevin though in great to have your company stay with me for next 30 minutes or so 1st the president trying to deploy the National Guard if the rest against Racial Injustice continues into the weekend in the city of portland in oregon the man pleaded for a cease fire which then saw the trumpet ministration agree to withdraw federal militia from that city although it doesnt mean theyre packing up just yet in fact trump is keeping his options well and truly open. Our people are staying there to see whether or not they could do it today and to