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Interesting action in the precious metals had them continuing overnight a sharp fall begun after...
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Friday, January 4, 10:06 AM ETInteresting action in the precious metals had them continuing overnight a sharp fall begun after FOMC minutes suggested an earlier-than-expected end to Fed candy. This reversed with the 8:30 jobs report which showed still-sluggish employment growth. Gold has since bounced $21 to $1,651, though still off 1.4% on the session. Silver jumps $0.70, but remains -2.6%.
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In short nothing has changed and money will have to be found from somewhere and ehat the betting it will be place firmly back on the Fed's shoulders, since without responsible action, inflation is ultimately the only way out of this mess, as it has been so many times in centuries past.
And since abortion is no longer a viable option in most states, who will pay for the $30,000 daily cost of a crack baby sitting in a NICU unit in the hospital, and which loving anti- birth control family will adopt that child to keep it off the welfare rolls?
We are doomed. The poor are reproducing exponentially, and the average middle class family can't afford more children. The poor are being given no sex education nor support for stopping pregnancy, so we will get what we ask for. Thousands of additional babies, disabled and unwanted that SOMEONE WILL PAY FOR.
Quit trying to justify your decision to support infanticide based on false economics and try looking at the moral side for a change.
have been like if every Security operative, when he went out at night
to make an arrest, had been uncertain whether he would return alive and had to say good-bye to his family? Or if, during periods of mass arrests, as for example in Leningrad, when they arrested a quarter of the entire city, people had not simply sat there in their lairs, paling with terror at every bang of the downstairs door and at every step on the staircase, but had understood they had nothing left to lose and had boldly set up in the downstairs hall an ambush of half a dozen people with axes, hammers, pokers, or whatever else was at hand? The Organs would very quickly have suffered a shortage of officers and transport and, notwithstanding all of Stalin's thirst, the cursed machine would have ground to a halt! If...if...(but) we didn't love freedom enough. And even more – we had no awareness of the real situation.... We purely and simply deserved everything that happened afterward.”
- Alexander Solzenitzen
Things that make you go Humm !!
Where is that fiat money going ? Bonds..nope,,,Stocks..... MIND
Unemployment last month again was about 1,2 million fired but 200k jobs created..How long can this go on...
Sounds like a good question...I am not a chart reader, so obviously i don't rely on them..But some here are probably good at it..Looking forward to some thoughts on it. Personally when you throw manipulation into a calculation?. If i can see it then it has to be very obvious. NAKED SHORTS by JPM...Massive shorts to be honest.
Personally i look at a long term macro investment,,Like when the money printing started and gained traction all over the world it is just a matter of time that the PM'S go UP in price/value..
At my age i have become patient!! Economics 101 works for me!
Kicking the can down the road only last so long...Like look at this link what our cronies passed just a few days ago...They are nervous as hell, which is scary in itself..
http://huff.to/ZYdUFx
Or with a colleague posted..
"No prognosticating skills needed there. We got the big pork laden package. I'm amazed it came in at only 154 pages long. Dingy Harry must have been in a hurry. The legislators got a good THREE MINUTES to thoroughly read the bill before they voted on it. http://bit.ly/138lThi The amount of DD they put into their work is just astounding.So once again they had to pass it to see what was in it. Who didn't see that coming?"
Now if this doesn't scare you i don't know what will!!
Gold is used for more reasons then just inflation as well...But i don't see it losing it's luster much..Personally imo silver is the better investment right now anyway..$30 bucks an ounce?
Are you kidding me>>
You might be right..However those who now hold the Bonds might sell thinking rates will go up and buy gold instead...Am i correct?
Plus if you ever get hyperinflation the bonds are worthless..I have a fear all this Fed actions will one day cause that to happen..
Some of us who hold gold and silver expect the dollar to devalue so low that it is essentially worthless, a carton of milk one day might cost 100 bucks...IT DID HAPPEN in Germany in the 30's !!!
We just went through massive political theater where Congress did what it wanted to do; it raised taxes while presumably saving Americans from massive tax increases. I suppose Congress thinks that Americans are so stupid that they will forget that it was the same Congress that set up the law that created the fiscal cliff and those massive tax increases in the first place.
What Congress did not do was reduce spending. The FED has been saying for some time that the problems with the US budget can't be solved by the FED's monetary policy. So to answer your question, I think the FED is signaling Congress that it needs to reduce spending to bring revenues more into alignment with spending. In order to encourage Congress to reduce spending, the FED is saying they may reduce buying government debt. If the FED does not buy the US debt, all hell is going to break loose. China won't buy it anymore. I also think the FED's threat here is hollow... I agree with you, they can't stop buying our debt. When that is realized, Gold and Silver should pop again.
Printing money is different from QE. Buying government debt is called 'printing money'. It's also called monetizing debt. When the FED buys US debt, that is inflationary and Gold and Silver should go up. If the FED signals that it's going to reduce buying US debt than Gold and Silver should go down. I think this is why Gold and Silver have recently taken a hit.
Meanwhile, the FED also has QE. QE is not involved with buying government bonds; it's involved with buying other kinds of assets. Technically, QE is not printing money because it’s purchasing real assets as opposed to debt. QE3 is about buying mortgage-backed securities.
The idea was that by buying mortgages, banks would make more loans and reduce their mortgage rates. But the banks are not using the money to make loans; the banks are using the money to make other kinds of security related investments. Basically, QE3 is a bailout program for the banks that made risky loans and lost. The FED is transferring the risk to the taxpayers.
I think the reason the stock market is not going up because of QE3 is because the economy is slowly sinking into a recession. So the QE money is basically enough to offset the average decrease in corporate profits.
One big problem that should occur is that average corporate profits have to decrease because the government just decreased the average Americans paychecks by 2.2%. This means US GDP is going to take a hit.
If the FED also reduces QE3, the market should trend down even faster which will cause business cutbacks and more unemployment.
please give signals on gold
should we buy or sell gold,sp 500 and nasdaq
thx a lot
if on my mail im so thank ful all dears
thx again
drsaleem786@aslimpex.com
with part time investing.
Be very careful with todays manipulated markets..Imo stocks might run out of steam soon..A NICE SIZE correction is due!!
The metals, although manipulated by naked shorts, still have a lot of upside potential..Silver only $30 bucks an ounce??
Once more people buy the physical will we see an upward movement. Otherwise all those naked shorts will definitely suppress the price..
The Fed is dropping hints ONLY to get Congress to get it's act together. No way can they stop buying right now..Then you hear Pelosi saying just use the 14th admendment to raise the debt ceiling?
What country do we live in ?? I thought WE had a democracy once ?
How foolish am i...