Worth your time to stay UTD. Very good exposure on what is happening.
Thanks for noticing Ipso!
that’s 2 for 2. Couple more, and I could actually be a GURU. 🙂
Don’t think it will happen but they could take us back down tomorrow. They did that after the last meeting.
Silver having a strong, stealth rally.
USD taking it on the chin for the 5th day in a row. Bitcoin down $900
Buygold you called it!
Fed Hikes Rates 25bps, Maintains QT, Removes Hawkish Guidance
Not sure what Powell said
but it’s tanking the market, we’re holding up better but still our shares are taking a hit. They just threw a $10 hit at us in a nanosecond.
I’m actually listening to him. Nothing he said was bearish.
Battle is on. NEM is leading the way down
Buygold
I think we have some of their game plan….like in they smash PM’s down before dovish news hits….to make sure the headlines don’t talk of record Hi’s etc…..Gold wud have to rally over 70/80 bucks from todays lows, to break the recent Hi….if we were at 1970/80 still we wud be looking at 2050 plus already etc…..however they do gift cheap prices…..which they love doing to their bankster mates…after all it’s only taxpayers money they are pissing away.
Hell, even First Majestic is bouncing up 8%
you know it’s good when…
Bonds are rallying like noones business again. Back to 3.48%
So, money rushing into bonds, bullion, and stocks, but selling Bitcoin.
All eyes on $2K
maddog
Yes. He also may need to support the bond market as well. I don’t think they want higher interest rates. As you said, all he has is bullshit.
Ruh Roh
SM no likey what Powell has to say. PM’s do though…
They’ve got a problem with the Dollar….it is clearly being dumped
and intervention is not easy, as it is such a huge mkt and highly analysed…..they can’t bully it like the PM’s….it should provide a tail wind for PM’s.
GDXJ lookin’ good
Starting toto this point. get some traction, even NEM is up a little, they’ve stuffed it all day
Wow
Giving up so soon, did he get word they’re going to stop the printing presses or just talk to calm the run on banks.
The Federal Reserve raised interest rates by a quarter of a percentage point Wednesday and suggested the end of increases is near.
The move to proceed in its inflation-fighting efforts comes despite turmoil in the banking system.
Chairman Jerome Powell is set to hold a news conference at 2:30 p.m.
Nice, steady, strong move up
I think Powell gives the presser in a few.
Rates down about 8 bips, USD down .5%
What’s not to like? As long as rates continue to get a bid, we’re in good shape.
Fed does .25
Good move. Now talk dovish.
So far, so good. $1975 and climbing.
Maddog 11:02
No matter what they do today, all they have left is talk and the Rig
Yep because they’re the government and they’re there to help themselves .. I mean us.
That’s a interesting dream. I wonder what would happen if that did happen other than the pog. Since it’s not pegged to the dollar they couldn’t justify confiscating it “ for the greater good” I hope.
Not sure I want to see us screaming higher into the announcement
but it is what it is. Hope like maddog said it’s been leaked.
silverngold @ 11:01
Those derivatives are like oxycodone for the bankers. They can’t resist speculating and putting their banks at risk. But of course their bonuses are safe!
maddog
No kidding right? This is all we’ve been waiting for all these years, happening in slow motion for all the world to see.
We were fooled in 2008-09. I remember specifically the Sunday Lehman went under. Gold soared above $1K, only to get pounded back to $700 or something.
Absolutely right, they have the rig and jawbone.
Looks like what the Fed does is weak and has been leaked…hence the PM buying
after all if is wasn’t for front running the Fed, the likes of GS, Citadel and JPM, wud have to think about what to do…..
Buygold …Goldielocks
No matter what they do today, all they have left is talk and the Rig….
This is exactly what the Bugs have always said would happen…..here is a dream…they keep printing , people realise they can’t raise rates, so a mania develops into PM’s…then we find most of the ETF’s they have bought have zilch metal in them….crimex runs out…..Trump orders an audit of Fort Knox and it is near empty….then he exposes the shorts and blames the Dems……
5 US banks have risk exposure that is twice the size of the GDP of the entire world. Look how far down the list SVB is. #33!
Better have a look!
Buygold
I could be wrong but I don’t think they will until their forced to. Lefties wanting to bankrupt the country and neocons want to inch by inch us into war thinking their clever or fooling everyone, and some point will have to. When they do the economy bankrupt by these clowns and inflation on the rise the dollar will be toast when they do. The question then will be after these parasites and scary clowns destroyed everything who can afford to buy it if they already haven’t but instutuons and governments. But I’m guessing everyone will want it and wouldn’t walk around certain places even with jewelry. That’s already happening in some places. Now so bad their stealing cloths off their back.
I can imagine getting a warning in 20 degree weather saying dont wear your coat they’ll steal it. You’ll have to shed your designer brand coat with a thrift store special in public and subways or risk freezing to death.
It might start slow but if they have to pivot or QE el dinero is toast.
Riddle me this folks
So, if the Fed pauses we know the SM will probably rally hard. If regular stocks are in rally mode, why would we own miners instead of regular stocks in tech or somewhere else?
Just askin’, will we outperform?