Loading ...Da Unthinkable 0% INTEREST And Contango? Haven’t The CBs Already Forewarn?
(zeno451) Dec 04, 14:27
Who is bickering in Barricks boardroom? And Why? It is not only the reservations about the limited supply that the European Central Bank is putting forward but the PROSPECT OF NEGATIVE CONTANGO that may be troubling everyone in the industry. Why on earth would the men in control of the Fed even raise the possibility of 0% interest rates if it wasn’t seriously being considered. So not only the European central Bank having trouble with offloading of gold under the terms of any extension of the Washington Accord, but the Dark Star in the gold market America too is pro
(zeno451) Dec 04, 14:27
(Mr.Copper) Dec 04, 15:00
Part of post…
“Why on earth would the men in control of
the Fed even raise the possibility of 0% interest rates
if it wasn’t seriously being considered.”
Ans….To through us off balance? Are they ever honest and forthright? They do like to use psycology on us.
It wouldn’t surprise me one bit if rates start trending up. They’ve been going down since the 1980 peak.
Mr. Copper
(zeno451) Dec 04, 15:34
Ans….To through us off balance? Are
they ever honest and forthright? They do
like to use psycology on us.
It wouldn’t surprise me one bit if
rates start trending up. They’ve been
going down since the 1980 peak.-Mr Copper
********
Rates go up? Not likely. That might heh heh mean the Consumer credit and real estate bubbles could heh heh also burst too huh?
I would rather argue that the Fed has lost complete control and the proponents of the greater crater theory of central banking are throwing out all the stops. The Fed is refusing to take responsibility for its actions. Admitting there is a problem means they must take responsibility for gutting the American econonomy and the American way of life.
The politiicians don’t have a clue. Since they collectively sang God Bless America on the steps of the Capitol Building the financier of the ENRON CHOIR has pulled the plug on their political donations. One would have thought the elections had cleansed them of the responsibility for their cupidity and negligence but they still are standing idly by as Greenspan pulls all the levers. …
@(zeno451) Dec 04, 15:34 Rates
(Mr.Copper) Dec 04, 16:24
Market letter I get, said rates my go up, figuring in hard times lenders (bond buyers?) would want more to cover the increased risk.
Fed may be forced to raise rates if metals start climbing too steep. They did that as gold went up thru the 70s’ until 21% (kemo theropy) killed the party
Mr. Copper
(zeno451) Dec 04, 16:30
You mean to say rising interest rates wouldn’t collapse the real estate and consumer credit bubbles? Think? Gold even with the gold derivative trade added into it is a much smaller problem than the combined forces of the rela estate and consumer credit bubble. I’ve said all I’m going to say on this subject. As You will shortly see I’m doing my own thing………..
(zeno451) Dec 04, 16:30
(Mr.Copper) Dec 04, 16:51
“You mean to say rising interest rates wouldn’t collapse the real estate and consumer credit bubbles?”
Ans. I certainly did not say that. I agree about the ramifications.:) Even a 5 year old knows what rising rates would do. I only said they may go up.
Mr. Copper
(zeno451) Dec 04, 17:16
You implied that the central banks might be throwing us a curveball on interest rates. You said the 0% talk may be a mask for their intention to raise interest rates. EVEN A 5 YEAR OLD knows you were floating hooey. Negative Contango is being discussed by the central bank. That is good for gold. Your obvious effort to mislead everyone and change the topic speaks to your own bias. Get lost.
zeno451
(knicksfan2) Dec 04, 17:32
Mr. Copper was trying to agree with you. Perhaps you should loosen the helmet strap, and relax. No need to look for problems under rocks that don’t exist..
Poor Zeno…. Tho probably older than 5, he still has not learned that
(Idaho_Tom) Dec 04, 18:00
the Fed does not set interest rates, Mr Market does. The Fed just likes to take the credit, and Zeno echos their hubris.
@Mr.Copper
(goldhorizon) Dec 04, 18:35
Very valid proposal about possible raising of rates. One of the central theses of the gold bull consensus has been the position of the FED between a rock and a hard place. Raising rates is just as good for gold as doing nothing or lowering them. Your contributions here rank highly with the forum, as you know. Where is the site censor today?
GoldHorizen
(zeno451) Dec 04, 21:02
Don’t bother appealing to the censors. I will voluntarily stop posting on this message board for a few days. I hope you are copesthetic with my decision. Maybe you should aim at the posters who were calling me a crackhead and a meth addict as well huh? Why don’t you?