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FOMC minutes send Treasurys and gold lower, dollar higher

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Comments (17)
  • 6151621
    , contributor
    Comments (1174) | Send Message
     
    Good work FED. Our policies didn't work so we'll unwind them anyway. This is just as it should be.
    20 Nov 2013, 02:36 PM Reply Like
  • Yorkville Trading
    , contributor
    Comments (175) | Send Message
     
    If you liked gold on friday, you must love it today.
    20 Nov 2013, 02:54 PM Reply Like
  • Vooter
    , contributor
    Comments (319) | Send Message
     
    LOL...they're not going to taper anything, EVER. They're trapped, and they'll fly this thing into the ground if they have to. They don't care...
    20 Nov 2013, 03:26 PM Reply Like
  • indianamark
    , contributor
    Comments (2093) | Send Message
     
    Art Cashin has 50 years experience in the stock market. He says once the market really believes that tapering is coming there will a rush for the exit to get out of bonds. Should that happen, October,1929, will seem like a mild correction. It hasn't happened because they don't believe the taper talk.

     

    Vooter is right. Taper? Never.
    20 Nov 2013, 04:28 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4329) | Send Message
     
    @IM

     

    Bond funds yes. What does Cashin say about equities?

     

    But not 1929-degree. (That's drama speak for the media.) And bonds held to maturity aren't effected.
    20 Nov 2013, 04:54 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4329) | Send Message
     
    If this was a relationship, I'd break up with it. It doesn't communicate well, doesn't know what it wants, and strings everyone along with mixed messages.

     

    Good, it's time to taper. It's current hurting the people's confidence & with it the economy. And yes they will, same as the last two QEs.

     

    Didn't they just say no taper soon, and the markets went up over that. The markets aren't down much today, way less than 1%. Investors aren't believing them... waiting till they actually, really, do taper.
    20 Nov 2013, 03:39 PM Reply Like
  • filipo
    , contributor
    Comments (3658) | Send Message
     
    The least one can say is that there's something fundamentally wrong with the Fed's communication, not to mention their policy.
    I don't want to be rude, but my confidence in USD gets shaken and the similitude of the way they handle Finances and Obamacare is striking.
    20 Nov 2013, 04:13 PM Reply Like
  • Jhalgren
    , contributor
    Comments (112) | Send Message
     
    Based on some insider knowledge, I fear most of our so-called financial and legislative leaders as well as corporate executives inhale and sniff a lot of funny substances that may account for our stunning dysfunction! Believe it.
    20 Nov 2013, 05:24 PM Reply Like
  • Cameron Swinehart
    , contributor
    Comments (305) | Send Message
     
    Im with Vooter. They have done this all along. Released minutes detailing "potential" taper. We are still waiting and will continue to wait. No one hold their breath. The Fed can't do anything but continue QE. Good time to buy PM's and miners at discount. Nothing has really changed.
    20 Nov 2013, 03:41 PM Reply Like
  • JT4041
    , contributor
    Comments (97) | Send Message
     
    Ok, so in case anyone has a doubt that QE is propping up the markets the following is from the FOMC minutes:

     

    "On balance over the intermeeting period, longer-term interest rates declined and equity prices rose, largely in response to expectations for more-accommodative monetary policy."

     

    I rest my case.... a taper will = a market crash
    20 Nov 2013, 04:48 PM Reply Like
  • ddearborn
    , contributor
    Comments (130) | Send Message
     
    Hmmm

     

    Since the FED and company intentionally crushed gold back in 2011 they have used these announcements to suppress metals prices. How many times now has the FED "indicated" or "suggested" that it was going to end easing since 2011? How can gold be in continual decline while demand is setting all time records? China alone has purchased nearly 2000 tons of gold in the last 24 months on top of the 800 tons of domestic production which they kept. Demand for the physical has outstripped supply by a country mile and yet the price continues to drop and the dollar remains firm. Good grief people gold and silver are being manipulated to prop up what little is left of the dollar until the ruling elites can completely unwind themselves from dollar sensitive investments. Wake up the criminals are running the show and calling the shots.
    20 Nov 2013, 04:54 PM Reply Like
  • filipo
    , contributor
    Comments (3658) | Send Message
     
    ddear,
    For the moment Chavez's gold is flooding the markets. These 144 tonnes that GS robbed will take a while to spread.
    20 Nov 2013, 05:20 PM Reply Like
  • Jhalgren
    , contributor
    Comments (112) | Send Message
     
    ddearborn, their also manipulating the unemployment numbers too! When do we officially designate our new system as a Banana Republic? Now!
    20 Nov 2013, 05:22 PM Reply Like
  • Jhalgren
    , contributor
    Comments (112) | Send Message
     
    Herein rests the flaw of today's sellers: ..."show a committee maybe moving towards the taper even without improvement in the labor market" This is merely a rush to judgement and is counter to Yellen's and Bernanke's remarks in recent weeks.

     

    "Maybe" doesn't justify a sell off--only personal actions to take profits before the holidays fit the scenario or some fears.
    20 Nov 2013, 05:18 PM Reply Like
  • JT4041
    , contributor
    Comments (97) | Send Message
     
    In my view its because investors have a hair trigger on the sell button so they can bail out of this market at any sign of taper...otherwise they won't be able to avoid the flood gates once the sell off starts....
    20 Nov 2013, 05:35 PM Reply Like
  • Land of Milk and Honey
    , contributor
    Comments (4329) | Send Message
     
    @Jhalgren

     

    I'm only first learning this - but the market doesn't move on facts and realities. It moves on expectations. Then the facts come, and sometimes it moves (corrects or pops) in response but by then it's too late to by in (pops instantly, or overnight).

     

    So today they expect taper. You're right though that Y &B's recent remarks were the opposite. So it's impossible to tell what the end result will be. ...guess the bet today is that the committee moves as a whole, not based on it's chairman's views alone. (And B's remarks were more about separating taper and rates, and more about starting tapering sooner rather than later.)
    20 Nov 2013, 06:49 PM Reply Like
  • sa_member_756157
    , contributor
    Comments (1368) | Send Message
     
    Gold/Silver were near 5 year low anyway, and they are going to still be on the radar. Countries will still back their currencies, etc. Just a matter of correction times. Today Goldman's prediction (salt please) is for a 10% correction next year. They are trying to be the 'leader' despite their many failures... but when it comes to what will happen when the bull slows... we know from experience that precious metals tend to make a come back and did so before QE..

     

    Volatility should be a friend to gold and silver.. so barring something completely bizarre, we should see a correction eh?

     

    IMHO..

     

    Good luck.
    21 Nov 2013, 07:41 AM Reply Like
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