Market Sentiment shifting

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2 years 8 months ago #122044 by lynnsa10
lynnsa10 replied the topic: Market Sentiment shifting
DJ, also check this out, I feel gold is starting to bubble

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2 years 8 months ago #122042 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
Sounds like the Fed puked today and changed course

The Federal Reserve said it will be “patient” on any future interest-rate moves and signaled flexibility on the path for reducing its balance sheet, in a substantial pivot away from its bias just last month toward higher borrowing costs.

In a separate special statement on Wednesday, the Fed said it’s “prepared to adjust any of the details for completing balance sheet normalization in light of economic and financial developments.” The central bank also said it would be ready to alter the balance sheet’s size and composition if the economy warrants a looser monetary policy than the federal funds could achieve on its own.

It’s hard to read this anything other than the Fed has capitulated to the market,” said Michael Gapen, chief U.S. economist at Barclays Plc. “The market will read this as they’re done with the hiking cycle and that a halting in the balance sheet runoff is more likely than another rate hike.”

www.bloomberg.com/news/articles/2019-01-...ce-sheet-flexibility

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2 years 8 months ago #121973 by lynnsa10
lynnsa10 replied the topic: Market Sentiment shifting
Good interview with Skarica

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2 years 9 months ago #121893 by lynnsa10
lynnsa10 replied the topic: Market Sentiment shifting
Very good interview on Gold and economy with Sprott and Rickards

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2 years 9 months ago #121759 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
looks like nobody wanted to be long for the weekend

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2 years 10 months ago #121727 by Gambler
Gambler replied the topic: Market Sentiment shifting

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2 years 10 months ago #121688 by RonS
RonS replied the topic: Market Sentiment shifting
Looks like market pressure increasing, is looking like today is the day we break to the upside

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2 years 10 months ago #121675 by RonS
RonS replied the topic: Market Sentiment shifting
That last break, gold ended up down before end of day so did not break the $1240, we are up against it again today at $1238, so am keeping a close watch

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2 years 11 months ago #121491 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
Nice interview with John Hathaway

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2 years 11 months ago #121451 by Gambler
Gambler replied the topic: Market Sentiment shifting
Quite a drop in US$ yesterday, good for Gold +$20, see if we get weak employment numbers - might cause US$ to fall further

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2 years 11 months ago #121430 by RonS
RonS replied the topic: Market Sentiment shifting
Today December gold broke above $1240, we should see continued rally to around $1275

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3 years 1 week ago #121256 by alexgreat
alexgreat replied the topic: Market Sentiment shifting
Good interview here with Sprott

stockhead.com.au/resources/words-of-wisd...nvestor-eric-sprott/

Mr Sprott also pointed to how much silver is traded each day.

“Silver trades 500 million ounces a day, we mine about 860 [million ounces each year],” he explained.

“We’re trading 60 per cent of the world’s yearly production every day. Why do we trade that much when everyone hates it anyway?”

Mr Sprott did, however, concede that gold has had a bit of a bad time since 2011.

“Every time you read something, something fatalistic is going to happen to gold and silver,” he said.

“Not that it hasn’t by the way for the last six years okay, it has. Ever since 2011 it has been kind of a tough road. There are good times and there are bad times in the gold business.”

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