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Monty’s Recent Interview With IBD Reporter Trang Ho: “ETFs End Volatile Week With Gains”

Monty’s Recent Interview With IBD Reporter Trang Ho: “ETFs End Volatile Week With Gains”

“The European Central Bank cut European interest rates by a quarter point to 1.25% this week, sending a message that new ECB President Mario Draghi is willing to cut rates again to support the economy, says Monty Guild, founder of Los Angeles- based Guild Investment Management. More interest rate cuts will pump inflation and call for more quantitative easing or printing money, which will be bullish for gold and emerging market stocks, Guild contends.

“The change of direction for the ECB is a positive psychological underpinning for Europe, which is now admitting that the banking crisis, not inflation, is the most immediate and pressing problem, and that actions need to be taken to address this problem”, Guild wrote in a client note.

To see Monty in IBD article please click here.