Speaking with Reuters and on his regular webcast:

• repo market squeeze makes it even more likely that the Fed will resume expansion of its balance sheet ‘pretty soon’
• Federal Reserve will embark on ‘QE lite, Fed will grow balance sheet ‘in line with the growth in currency, like they did before the credit crisis’
• says he is ‘less positive’ on gold as a buying entry because of recent rally
• says chances of a US – China trade deal are ‘below zero’ ahead of the 2020 presidential election