The overnight buy programs continued into the regular trading hours on Wednesday and continuing all day long. Going into the long weekend, the July the 4th holiday, the buy programs is certain to continue in order to create the illusion that all is well.
However, the economy is deteriorating fast and the Fed is going use the Brexit referendum result as an excuse to launch QE4 to save their member banks. The launch of QE4 could have a temporary lifting effect on the stock market and is likely to cause gold price to explode to the upside.
