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Metals love Yellen.

Nice little move, will they continue up, go down, or go sideways? Take care. jws
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    dpooledpoole Posts: 5,940 ✭✭✭✭✭
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    JulioJulio Posts: 2,501
    Her outlook on raising rates. Still watching her news conference. Take care. jws
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    piecesofmepiecesofme Posts: 6,669 ✭✭✭
    So can someone here please provide an unbiased cliff notes version of what was said? I'd rather here an interpretation from someone here than just about any talking head on the net or tv.
    To forgive is to free a prisoner, and to discover that prisoner was you.
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    VanHalenVanHalen Posts: 3,807 ✭✭✭✭✭


    << <i>So can someone here please provide an unbiased cliff notes version of what was said? I'd rather here an interpretation from someone here than just about any talking head on the net or tv. >>



    Sure she said, "We're no longer patient regarding a rate increase, we've taken it off the table entirely for 2015 and will likely start another round of QE by the end of the year".

    image

    QE4 is coming!
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    derrybderryb Posts: 36,200 ✭✭✭✭✭
    talking the talk to drop the dollar index a tad, markets reacting accordingly. Dollar will continue it's rise, just a speed bump.

    watch what they do, not what they say. They continue to keep rates low.

    Keep an open mind, or get financially repressed -Zoltan Pozsar

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    BAJJERFANBAJJERFAN Posts: 30,987 ✭✭✭✭✭
    A SHOUT OUT to Yellen!image
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    MsMorrisineMsMorrisine Posts: 32,203 ✭✭✭✭✭


    << <i>

    << <i>So can someone here please provide an unbiased cliff notes version of what was said? I'd rather here an interpretation from someone here than just about any talking head on the net or tv. >>



    Sure she said, "We're no longer patient regarding a rate increase, we've taken it off the table entirely for 2015 and will likely start another round of QE by the end of the year".

    image

    QE4 is coming! >>



    He's deluded to say things are as bad as they have ever been.

    But things aren't great and the euro move is a twist needing some attention. It is a headwind that shouldn't be met with a rate hike. While QE may be extreme, I don't know what they can do if the strong dollar becomes a growth impediment.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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    JulioJulio Posts: 2,501
    My take on Yellens news conference. She said in a convoluted manner, nothing. Translation, I'm pretty sure I'm going to raise rates. When? Take care. jws
    image
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    derrybderryb Posts: 36,200 ✭✭✭✭✭
    The US Treasury bond Ponzi game is gonna need new buyers. Look for the FED to once again become the buyer of last resort (more QE). Somebody has got to step up and buy in order to continue paying interest to those that already did. Even Bernie Madoff was aware of cardinal rule.

    Keep an open mind, or get financially repressed -Zoltan Pozsar

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    rickoricko Posts: 98,724 ✭✭✭✭✭
    Watching this economic charade is like watching Abbott and Costello doing their 'Who's on First?' routine, just not as entertaining. Cheers, RickO
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    BAJJERFANBAJJERFAN Posts: 30,987 ✭✭✭✭✭


    << <i>So can someone here please provide an unbiased cliff notes version of what was said? I'd rather here an interpretation from someone here than just about any talking head on the net or tv. >>



    She hasn't said a thing of substance since she took over for Bennie Boy.
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    It is a rough place to be for everyone. I believe gold and silver to sore. That is about the only thing we have left that will have any worth. To raise rates I think will call in a lot of credit cards, many will never be able to be paid. World is in a mess.
    To call the cards will slow the economy down more and it will also cut out Corporate gains and cause losses across the board...MARKET TANKES BIG TIME! Silver and Gold will rule the planet.
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    JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>My take on Yellens news conference. She said in a convoluted manner, nothing. Translation, I'm pretty sure I'm going to raise rates. When? Take care. jws >>



    My guess September .25 pt

    Mark
    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......
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    dpooledpoole Posts: 5,940 ✭✭✭✭✭
    It probably won't ever make sense for the Fed to raise interest rates, until something else unforeseen happens.
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    derrybderryb Posts: 36,200 ✭✭✭✭✭
    Fed's waiting on something to change (for the better) or they would have already raised their rate. Note that keeping rates low indicates the FED is not buying the "economy's getting better" story that they themselves are trying desperately to sell. Look for monetary policy to remain loose regardless of what falls from their mouths.

    Keep an open mind, or get financially repressed -Zoltan Pozsar

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    cohodkcohodk Posts: 18,621 ✭✭✭✭✭
    Markets have already raised rates.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    Nothing will get any better until We Stop borrowing from CHINA! They own us lock stock and barrel. Do we want a war with them,....Hell no! they out number us 10 to 1...Just what is the way out...War with Russia and China! Are they not becoming big BUDS. One attack from ISIS...on our soil......what will rising the interest rates do, but harm the American People! But it will happen, this thing is years from over. It has just begun. We are in deep CACA. I went to Chicago yesterday and was asking how it had changed sense I have moved away. Told me people were standing outside the Grocery stores wanting money and food....They got ya coming in and out...its is sad...Hungry people will kill for what you have...My brother in law owns 7 grocery stores and has already been robed 8 times, and one of them was from workers that had been doing repairs on his equipment.
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    I don't care what you stock pile, people will still be your best asset. It will be a war you can not win alone. Buy the things you will need, food, fuel, ammo and burry your metals, to where only you and your close one will know the where abouts.
    I have yet to fully prepare. I was born in a time where life was wonderful and could have never have believed that our Country could ever come to this. My mind set has to be truly adjusted, and trust me it is not easy. I have inherited my 87 year old mother, born 1928, she is of the Great Depression,,,,now spoiled with the mind set of the 50's and 60's. Hard to reason with, you bet cha...VERY! I am going to write down the things I need for my survival. I don't know if it will do me any good or not, as I will not have large army. These will be sharing times, but yet you will have to be careful as in trying times your best friend can become your worst enemy. Life can be very sad when you stop to think about all the possibilities of what the out come can become...Most of us just wish for the best and hope some divine intervention will occur. I am hoping for the best for everyone.image
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    FallGuyFallGuy Posts: 207 ✭✭✭
    "Watching this economic charade is like watching Abbott and Costello doing their 'Who's on First?' routine, just not as entertaining. Cheers, RickO"

    Well put.
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    JulioJulio Posts: 2,501
    "My guess September .25 pt". Justacommeman.

    Noted my friend; your guess is as good as any. Watch the, "data".

    As usual, she confused me, a easy trick to pull off. Take care. jws
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    JulioJulio Posts: 2,501
    "My guess September .25 pt". Justacommenman.

    Your guess is as good as any, my friend. I concur.

    Watch the, "data". I'm watching inflation and unemployment. I do believe she is starting to worry about a market bubble. So am I. Take care. jws
    image
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    JulioJulio Posts: 2,501
    "My guess September .25 pt". Justacommeneman.

    Your guess is as good as any my friend; I concur. Take care. jws
    image
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    JulioJulio Posts: 2,501
    Sorry about triple post. No clue why it happened. Take care. jws
    image
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    BAJJERFANBAJJERFAN Posts: 30,987 ✭✭✭✭✭


    << <i>Sorry about triple post. No clue why it happened. Take care. jws >>



    Triple witching Wednesday!
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    VanHalenVanHalen Posts: 3,807 ✭✭✭✭✭


    << <i>Fed's waiting on something to change (for the better) or they would have already raised their rate. Note that keeping rates low indicates the FED is not buying the "economy's getting better" story that they themselves are trying desperately to sell. Look for monetary policy to remain loose regardless of what falls from their mouths. >>



    The Fed should get credit for awareness. Awareness that for 75% of America there has been no recovery, awareness that 160 million Americans are now low income, awareness that with 2007 participation rates our current U3 would be 11%. Yes, The Fed is aware and realizes they can only do so much so they better keep doing it. For this they deserve some credit.
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    mariner67mariner67 Posts: 2,746 ✭✭✭
    Don't wait for the government to do anything.
    React and adapt.
    Move forward on your own, against the forces of government!
    Pull yourself up.
    It feels better.
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
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    piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Sorry about triple post. No clue why it happened. Take care. jws

    Several times in the last month I've noticed the site being very weird when posting. I'll submit the post and it just rolls (blue circle of death), but then check back and it ended up taking it. I've replied in a thread and it did not bump the thread to the top. Sometimes I can't see pictures of what other people have posted but can see mine. Who knows? Gremlins in the machine.
    To forgive is to free a prisoner, and to discover that prisoner was you.
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    derrybderryb Posts: 36,200 ✭✭✭✭✭
    The Financial Folly Lurking Beneath Yellen’s Patient Lack Of Impatience

    " Fed attempts at monetary stimulus are now short-circuited; added liquidity essentially becomes sequestered within the financial system where it generates persistent inflation of existing asset values. That is, stimulus never leaves the canyons of Wall Street. Now it is simply racing ahead of the tidal wave of financial inflation that it unleashes in the canyons of Wall Street, hoping not to be overtaken by the inexorable bust which follows speculative booms. As always, the bullish crowd in the casino thinks this time is different, but actually this time is more dangerous."

    Keep an open mind, or get financially repressed -Zoltan Pozsar

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    derrybderryb Posts: 36,200 ✭✭✭✭✭
    An increase in the FED's funds rate is likely to increase excess reserves the banks keep on deposit with the FED to earn interest. A 70:1 leveraged FED does not really want to be paying out more interest. Following the latest FED apprehension, the risk to the dollar in not raising the funds rate has been exposed by a lower dollar index and higher gold prices. Look for the FED to now reverse it's game of lips. Their first few syllables will likely cause a quick decline in PM prices.

    Keep an open mind, or get financially repressed -Zoltan Pozsar

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    << So can someone here please provide an unbiased cliff notes version of what was said? I'd rather here an interpretation from someone here than just about any talking head on the net or tv. >>



    The OP is a liar. Metals are down since she took office. If I'm a liar metals love Yellen.
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    BaleyBaley Posts: 22,658 ✭✭✭✭✭
    the risk to the dollar in not raising the funds rate has been exposed by a lower dollar index and higher gold prices

    wai, wha? they are? since when? 10am today? image

    Liberty: Parent of Science & Industry

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    BaleyBaley Posts: 22,658 ✭✭✭✭✭


    << <i>Sorry about triple post. No clue why it happened. Take care. jws >>



    It happened because you hit "reply to thread", it didn't seem to post, so you changed your message a little bit, tried again, and still it seemed not to work, so you changed it a little more and hit reply to thread again. Your third effort worked, and showed the other two replies which also worked, but were delayed a bit somewhere in the PCGS server-land

    Liberty: Parent of Science & Industry

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    derrybderryb Posts: 36,200 ✭✭✭✭✭


    << <i> the risk to the dollar in not raising the funds rate has been exposed by a lower dollar index and higher gold prices

    wai, wha? they are? since when? 10am today? image >>


    Since the FED "spoke" on Wed. image

    The anticipated rate hike was already priced into the dollar index and subsequently into gold. The FED's moment of hesitation on Wed. reversed those earlier price movements. The FED speaks, the markets overreact.

    Keep an open mind, or get financially repressed -Zoltan Pozsar

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    BaleyBaley Posts: 22,658 ✭✭✭✭✭
    Oh yeah, the price of gold has rocketed all the way back to 1182... the same price it was on 3/5/15.. and 1/1/15.. and 12/25/14, and 12/22, and 11/28, and 11/14, and 10/31, and 10/3..

    Liberty: Parent of Science & Industry

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    derrybderryb Posts: 36,200 ✭✭✭✭✭


    << <i>Oh yeah, the price of gold has rocketed all the way back to 1182... the same price it was on 3/5/15.. and 1/1/15.. and 12/25/14, and 12/22, and 11/28, and 11/14, and 10/31, and 10/3.. >>


    I said" higher" gold prices.

    "Rocketed" is your usual way of trying to discredit a factual observation.

    Keep an open mind, or get financially repressed -Zoltan Pozsar

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    jmski52jmski52 Posts: 22,373 ✭✭✭✭✭
    It happened because you hit "reply to thread", it didn't seem to post, so you changed your message a little bit, tried again, and still it seemed not to work, so you changed it a little more and hit reply to thread again.

    Up to that point, I thought you were describing Fed policy.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    derrybderryb Posts: 36,200 ✭✭✭✭✭
    dollars are on sale and it's still hard to find buyers. image

    Rhetoric is the only tool left in the FED's bag. Look for them to wear it out as well.

    Keep an open mind, or get financially repressed -Zoltan Pozsar

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