"Gold Drops After U.S. Says It's Relaxing Some Of Its New Chinese Tariffs"
Gold down ..$30
Silver down....$.42
Just got back from a very pleasant bike ride and shower, and noticed gold is down a dollar.
See, you go enjoy the outdoors, and you don't miss a thing !
Likewise...decided to mow the lawn & when I came back in the DOW gained 538 points from when I left...
right now everything appears to be driven including gold, by either pos or neg. trade war news.
Buckle up your seat belt, this roller coaster still has legs.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@coinpalice said "U.S. Treasury bond curve inverts for first time since 2007 a big time recession warning, the main reason metals are going up today"
If the supposed yield curve inversion is the cause of today's substantial market moves, I might ask all market participants "where have you guys been?"
@derryb said:
The greater the debt, the more painful the recession.
disagree when it comes to America right now.
we can issue debt at treasury auction and there will be more demand than supply.
in a global recession our debt is sought after.
we need money? issue more debt.
our credit card is nowhere near maxed out yet.
Those feeling the pain get no relief from the sale of government debt. Their debt remains in the face of increased unemployment. There is much more consumer debt and corporate debt than there was the last time around.
Natural forces of supply and demand are the best regulators on earth.
"zPrediction : Gold prices could reach $2,000 by the end of the year, strategist says."
Very unlikely....Don't mortgage your house. We might not even see $1,600 .... but just like derryb, I've been wrong more than correct with my "fortune telling."
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@cohodk said:
Dollar index is down 2% this month...gold is flat.
That’s impossible, hence it’s not true
Dbconomics 101...
Not true. . .gold is up a tad over 1% for the month.
Isnt gold supposed to offer some sort of leverage? When the dollar dropped 3% in June it resulted in a 12% rally in gold. One may have thought (hoped) gold would have responded a little better. Maybe next time will be different.
Oh boy here we go. Next thing you know someone will be saying the Fed is manipulating the price of gold. Funny how nobody cries manipulation when the price rises. lol
@derryb said:
Normally, yes. Times/markets are not normal. Thank your FED for throwing fundamentals out of the window.
If it was my FED then the Fed funds rate would be 4% and the economy would be booming. The $15 Trillion sitting in savings, CDs and money markets would generate $600 billion in interest income for J6P that could be spent on cars, restaurants, clothing, gold, and myriad other things including tax receipts for governments. ZIRP does just the opposite and helps no one.
@derryb said:
Normally, yes. Times/markets are not normal. Thank your FED for throwing fundamentals out of the window.
If it was my FED then the Fed funds rate would be 4% and the economy would be booming. The $15 Trillion sitting in savings, CDs and money markets would generate $600 billion in interest income for J6P that could be spent on cars, restaurants, clothing, gold, and myriad other things including tax receipts for governments. ZIRP does just the opposite and helps no one.
well, you sure have been quick to crucify anyone who criticizes FED policy/action. Which is it?
Natural forces of supply and demand are the best regulators on earth.
@derryb said:
Normally, yes. Times/markets are not normal. Thank your FED for throwing fundamentals out of the window.
If it was my FED then the Fed funds rate would be 4% and the economy would be booming. The $15 Trillion sitting in savings, CDs and money markets would generate $600 billion in interest income for J6P that could be spent on cars, restaurants, clothing, gold, and myriad other things including tax receipts for governments. ZIRP does just the opposite and helps no one.
well, you sure have been quick to crucify anyone who criticizes FED policy/action. Which is it?
I believe my stance has been consistent for many years, both in my assessment of the Fed, and those who wish to see ghosts.
Comments
purple - gold futures
red/green - dollar index
monthly back to 2000
the housing crisis hit in 2008. that is about where the low is on the chart.
before that, one could say dollar down, gold up.
the dollar went up some and then sideways. gold continued to climb. perhaps that is what was making money? inflated asset prices during the bust ??
then it was dollar up but gold sideways, and now it is above that sideways level. the biggest event is the trade war. perhaps that explains it.
Dow jumps 400 points led by Apple as US delays China tariffs on cell phones, clothing
I think your rocket just crashed...
"Gold Drops After U.S. Says It's Relaxing Some Of Its New Chinese Tariffs"
Gold down ..$30
Silver down....$.42
some tariffs delayed until Dec.? Jawboning to temporarily support the markets.
A 1000 point loss will likely result in the White House ordering takee outee for lunch.
He's gotta learn he can't have his weak dollar AND a growing SP500.
Natural forces of supply and demand are the best regulators on earth.
Where is the roller coaster avatar?
Likewise...decided to mow the lawn & when I came back in the DOW gained 538 points from when I left...
right now everything appears to be driven including gold, by either pos or neg. trade war news.
Buckle up your seat belt, this roller coaster still has legs.
??
your post coincided with the top of the market this morning. it was 1546 on the futures. now futures are trading at 1513.
troops to the border with HK tweet and we get a pop in gold.
not sure the correlation with gold.
this sucks
bad news, the protests are calm tonight in HK
U.S. Treasury bond curve inverts for first time since 2007 a big time recession warning, the main reason metals are going up today
Batten dem hatches
@coinpalice said "U.S. Treasury bond curve inverts for first time since 2007 a big time recession warning, the main reason metals are going up today"
If the supposed yield curve inversion is the cause of today's substantial market moves, I might ask all market participants "where have you guys been?"
@Higashiyama Macro tourists... lol
I think any recession we have won't be as bad as the RoW
The greater the debt, the more painful the recession.
Natural forces of supply and demand are the best regulators on earth.
disagree when it comes to America right now.
we can issue debt at treasury auction and there will be more demand than supply.
in a global recession our debt is sought after.
we need money? issue more debt.
our credit card is nowhere near maxed out yet.
Those feeling the pain get no relief from the sale of government debt. Their debt remains in the face of increased unemployment. There is much more consumer debt and corporate debt than there was the last time around.
Natural forces of supply and demand are the best regulators on earth.
well, I was talking America, you were talking americans
So, which one really matters?
Natural forces of supply and demand are the best regulators on earth.
"zPrediction : Gold prices could reach $2,000 by the end of the year, strategist says."
Very unlikely....Don't mortgage your house. We might not even see $1,600 .... but just like derryb, I've been wrong more than correct with my "fortune telling."
I wasn't beating on you. simply pointing out the miscommunication.
$2,000 coming to a future near you
Maybe the strategist meant Zimbabwe dollars?
The whole worlds off its rocker, buy Gold™.
Nope...Zombie dollars
I think it will be 1,600/ oz at end of year
Yea... see the sentence starting at $15.7 billion...
So who predicted this first? This strategist or dbc? Or, are they one in the same?...
LoL, "could"!
Heh, gold "could" reach $20,000...
Ir $200.
But it won't.
Liberty: Parent of Science & Industry
Not while it costs $1100 to mine and refine from rocks and dirt.
Liberty: Parent of Science & Industry
all we need now is the miners to say it costs $11,000 ...
Gold needs to go up about $7 every day until the end of the year, to see this prediction come to fruition.
Still buying , of course. It's at a discount.
And anyway, just edit the title and replace gold with palladium.
Dollar index is down 2% this month...gold is flat.
Knowledge is the enemy of fear
That’s impossible, hence it’s not true
Dbconomics 101...
Not true. . .gold is up a tad over 1% for the month.
Natural forces of supply and demand are the best regulators on earth.
Isnt gold supposed to offer some sort of leverage? When the dollar dropped 3% in June it resulted in a 12% rally in gold. One may have thought (hoped) gold would have responded a little better. Maybe next time will be different.
Knowledge is the enemy of fear
Normally, yes. Times/markets are not normal. Thank your FED for throwing fundamentals out of the window.
Natural forces of supply and demand are the best regulators on earth.
Oh boy here we go. Next thing you know someone will be saying the Fed is manipulating the price of gold. Funny how nobody cries manipulation when the price rises. lol
The whole worlds off its rocker, buy Gold™.
If it was my FED then the Fed funds rate would be 4% and the economy would be booming. The $15 Trillion sitting in savings, CDs and money markets would generate $600 billion in interest income for J6P that could be spent on cars, restaurants, clothing, gold, and myriad other things including tax receipts for governments. ZIRP does just the opposite and helps no one.
Knowledge is the enemy of fear
well, you sure have been quick to crucify anyone who criticizes FED policy/action. Which is it?
Natural forces of supply and demand are the best regulators on earth.
I believe my stance has been consistent for many years, both in my assessment of the Fed, and those who wish to see ghosts.
Knowledge is the enemy of fear
FED has been consistent as well while talking out of both sides of their mouth.
Natural forces of supply and demand are the best regulators on earth.