depends on the dollar, since China came out in support of the dollar PM's and the stock market have sold off so if the dollar keeps gaining strength equites and commodities will continue to sell off.
<< <i>Will PM's continue down the slide or will they walk back up the steps for another turn? >>
Yes.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
The big news seems to be the Bernanke put. As in , will he stay put. If they fail to confirm him it might trigger a major round of uncertainty. Not like the guy doesnt deserve to go but it will show a real lack of stability and that will show in the markets. The White House has appointed a commission to reduce the budget deficit, more talk with no action. Fact is inflation and low rates/easy money is a requirement to save the states, the banks,the housing market, the pensions etc.
Bernanke will stay easing will increase rates will stay low the deficit will grow faster the fed will buy Tbills
and the talk about strong dollar, deficit reduction, higer rates, will continue to be just talk.
Bernanke will stay easing will increase rates will stay low the deficit will grow faster the fed will buy Tbills
and the talk about strong dollar, deficit reduction, higer rates, will continue to be just talk. >>
Exactly and well stated. MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>The big news seems to be the Bernanke put. As in , will he stay put. If they fail to confirm him it might trigger a major round of uncertainty. Not like the guy doesnt deserve to go but it will show a real lack of stability and that will show in the markets. The White House has appointed a commission to reduce the budget deficit, more talk with no action. Fact is inflation and low rates/easy money is a requirement to save the states, the banks,the housing market, the pensions etc.
Bernanke will stay easing will increase rates will stay low the deficit will grow faster the fed will buy Tbills
and the talk about strong dollar, deficit reduction, higer rates, will continue to be just talk. >>
Obviously you are correct, this bounce in the dollar will probably be short lived and any talk of wanting a strong dollar by the Fed will be just another lie. Long term anyone with half a brain knows that the last thing a country as indebted as the United States is wants is a strong dollar along with higher interest rates, it's much easier to service the debt with rates at 2% than when they are at 8% and by printing more money they can inflate away much of the debt.
And the winner is #4..Gold closed below $1100, but above $1090...
What gold chart are you referencing?
#1. Bounce back up to $1100-$1115....then fall back steeply again by mid or late in the week. 40% .
Actually it took a steep dive within about 24 hours of the bounce beating the mid-week time frame. The gist was that it would bounce (head fake) and then fall back. It bounced up to $1104 and fell back, twice.
Actually only #1 fits because gold did bounce removing #2/#3 from consideration. #4 doesn't technically work either because gold did not continue higher from Monday's initial bounce to $1104.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
I note that the U.S. Budget showing a $1.6 Trillion deficit for this year has just been released, and I also note that gold has just shot up $6.00.
If you take a peek at Sinclair's site and read what else is going on in the world that the news media don't bother to cover, you might surmise that gold is going to have a busy day on the upside.
Q: Are You Printing Money? Bernanke: Not Literally
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
AgBlox
Posts: 744 ✭✭
Comments
1. Bounce back up to $1100-$1115....then fall back steeply again by mid or late in the week. 40%
2. Continue on down to retest the earlier low of $1074. 25%
3. Continue on down past the earlier low. 25%
4. Bounce from here and then only go higher. <10%
roadrunner
Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin
#1 1951 Bowman Los Angeles Rams Team Set
#2 1980 Topps Los Angeles Rams Team Set
#8 (and climbing) 1972 Topps Los Angeles Rams Team Set
<< <i>Will PM's continue down the slide or will they walk back up the steps for another turn? >>
Yes.
Bernanke will stay
easing will increase
rates will stay low
the deficit will grow faster
the fed will buy Tbills
and the talk about strong dollar, deficit reduction, higer rates, will continue to be just talk.
BSTs with: Coll3ctor, gsa1fan, mkman123, ajbauman, tydye, piecesofme, pursuitofliberty
Travelog - 20in20travels.com
easing will increase
rates will stay low
the deficit will grow faster
the fed will buy Tbills
and the talk about strong dollar, deficit reduction, higer rates, will continue to be just talk.
Well said coynclecter. It's getting late in the game to risk upsetting or flipping over the apple cart.
roadrunner
<< <i>
Bernanke will stay
easing will increase
rates will stay low
the deficit will grow faster
the fed will buy Tbills
and the talk about strong dollar, deficit reduction, higer rates, will continue to be just talk. >>
Exactly and well stated. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>The big news seems to be the Bernanke put. As in , will he stay put. If they fail to confirm him it might trigger a major round of uncertainty. Not like the guy doesnt deserve to go but it will show a real lack of stability and that will show in the markets. The White House has appointed a commission to reduce the budget deficit, more talk with no action. Fact is inflation and low rates/easy money is a requirement to save the states, the banks,the housing market, the pensions etc.
Bernanke will stay
easing will increase
rates will stay low
the deficit will grow faster
the fed will buy Tbills
and the talk about strong dollar, deficit reduction, higer rates, will continue to be just talk. >>
Obviously you are correct, this bounce in the dollar will probably be short lived and any talk of wanting a strong dollar by the Fed will be just another lie. Long term anyone with half a brain knows that the last thing a country as indebted as the United States is wants is a strong dollar along with higher interest rates, it's much easier to service the debt with rates at 2% than when they are at 8% and by printing more money they can inflate away much of the debt.
<< <i>I think the most likely outcomes in order of probability
1. Bounce back up to $1100-$1115....then fall back steeply again by mid or late in the week. 40%
2. Continue on down to retest the earlier low of $1074. 25%
3. Continue on down past the earlier low. 25%
4. Bounce from here and then only go higher. <10%
roadrunner >>
And the winner is #4..Gold closed below $1100, but above $1090...
Worry is the interest you pay on a debt you may not owe.
What gold chart are you referencing?
#1. Bounce back up to $1100-$1115....then fall back steeply again by mid or late in the week. 40% .
Actually it took a steep dive within about 24 hours of the bounce beating the mid-week time frame. The gist was that it would bounce (head fake) and then fall back. It bounced up to $1104 and fell back, twice.
Actually only #1 fits because gold did bounce removing #2/#3 from consideration. #4 doesn't technically work either because gold did not continue higher from Monday's initial bounce to $1104.
roadrunner
<< <i>Wow. Silver is really taking a hit this morning. Now down $0.58 so far. >>
Yes I hope it takes a dive so this weekend I can trade some drapped bust halves and MPL's in on some cheap Silver.
<< <i>another week begins~ Up or Down? >>
Again, yes.
If you take a peek at Sinclair's site and read what else is going on in the world that the news media don't bother to cover, you might surmise that gold is going to have a busy day on the upside.
I knew it would happen.
Former treasury secretary Paulson on GMA this morning said economy grew 5.37% last quarter???
<< <i>Hope so, most mornings start up then flat then few dollars less at close lately.
Former treasury secretary Paulson on GMA this morning said economy grew 5.37% last quarter??? >>
despite the fact that about 10% unemployment persists.
<< <i>
<< <i>another week begins~ Up or Down? >>
Again, yes. >>
See......I was right!!!!!
Another week did start. Day-um, yer good!
I knew it would happen.