In this report i cover the early market action from London on Wednesday, June 27th, 2018. I look briefly at the precious metals, the stock market and the dollar.
I also point out that after a visit to the Bank of England yesterday I found out at the central bank actually admits that unbacked money printing or printing money out of thin air leads to the debasement of the currency, higher inflation and higher gold prices.
At the same time though the Bank of England admits that nowadays money printing or QE in order to keep debasing the currency by 50% every forty years. One of my conclusions is that hiding things in plain sight is the best way to keep things hidden and the Bank of England is a master at it.
So it wasn't surprising that as I exited the Bank of England Museum to my left was the Staff of Hermes which in mythology was carried by Mercury, the messenger of the gods, guide of the dead, and protector of merchants, shepherds, gamblers, liars, and thieves!
