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September 21st yes or no

Do you think they will raise the rate in September or push it to December? They are trying as markets have shown to make you think September is not off the table. I kind of love this game been fun to watch with popcorn.
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Comments

  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    No, so that means the Fed probably will.

    December, yes. So, that means no.

    Clear as Elmer Fudd.
  • oldstandardoldstandard Posts: 387 ✭✭✭
    If they don't raise it in September it will be funny to watch the spike in metals almost like laughing back at the fed's
  • PaleElfPaleElf Posts: 990 ✭✭✭
    They should and I think they will.
  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭
    What effect will a rate increase have on PM prices? Will it hurt PM prices because paper assets will be paying a higher rate of return?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    Originally posted by: PerryHall
    What effect will a rate increase have on PM prices? Will it hurt PM prices because paper assets will be paying a higher rate of return?


    Judging by Friday's results, with only rumors of a rate hike in September, it doesn't take a rocket scientist to figure that one out.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭
    Originally posted by: OPA

    Originally posted by: PerryHall

    What effect will a rate increase have on PM prices? Will it hurt PM prices because paper assets will be paying a higher rate of return?




    Judging by Friday's results, with only rumors of a rate hike in September, it doesn't take a rocket scientist to figure that one out.




    I assumed the silver price drop on Friday was profit taking after a run up to over $20 per ozt and has nothing to do with a possible rate hike. Do you have evidence otherwise?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    Originally posted by: PerryHall
    Originally posted by: OPA
    Originally posted by: PerryHall
    What effect will a rate increase have on PM prices? Will it hurt PM prices because paper assets will be paying a higher rate of return?


    Judging by Friday's results, with only rumors of a rate hike in September, it doesn't take a rocket scientist to figure that one out.


    I assumed the silver price drop on Friday was profit taking after a run up to over $20 per ozt and has nothing to do with a possible rate hike. Do you have evidence otherwise?


    You mean the second run up to $20+ in the last 60+ days. We had our correction after the first one, when it dropped back down to $18.50. The last one, in my book, was not a correction, but an over reaction by the market as a whole, to a possible September rate hike. Do you, have any proof to the contrary?
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • oldstandardoldstandard Posts: 387 ✭✭✭
    Originally posted by: OPA

    Originally posted by: PerryHall

    Originally posted by: OPA

    Originally posted by: PerryHall

    What effect will a rate increase have on PM prices? Will it hurt PM prices because paper assets will be paying a higher rate of return?




    Judging by Friday's results, with only rumors of a rate hike in September, it doesn't take a rocket scientist to figure that one out.




    I assumed the silver price drop on Friday was profit taking after a run up to over $20 per ozt and has nothing to do with a possible rate hike. Do you have evidence otherwise?




    You mean the second run up to $20+ in the last 60+ days. We had our correction after the first one, when it dropped back down to $18.50. The last one, in my book, was not a correction, but an over reaction by the market as a whole, to a possible September rate hike. Do you, have any proof to the contrary?






    +1 wait I am filling my pop corn for the main event the games must go on.
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    Originally posted by: PerryHall

    What effect will a rate increase have on PM prices? Will it hurt PM prices because paper assets will be paying a higher rate of return?




    Oh higher interest rates will just DESTROY gold.

    Like back in 1980 when rates were stratospheric and gold made its FiRST all time high.



    Folks are forgetting that the world is awash with US dollars and....so far...the party's been swell.



    But....when the rates are too low to excite foreign bond buyers (because they have a dim view of the US) then the only thing that will entice them to CONTINUE feeding our appetite for debt will be ....raising interest rates.



    The first sign of lessening demand for US bonds.



    And what's safe other than BONDS?



    Hmmmm lemme puzzle this out. image
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    How about a "hell no"! No way they do anything beofre the election. Buy (and sell if you're postioned to) the dip.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    Not if they're serious about negative interest rate shenanigans.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • VanHalenVanHalen Posts: 3,992 ✭✭✭✭✭
    No. With an election 8 weeks away? Hell no. And we'll get back all of Friday's equity market losses and then some. And then some. image



    December? Likely another 25 point bump from Janet Bernanke. image
  • I do not think they will raise it in September, but I do think they made a good opportunity for a buy this next week. The best thing about metals is if it goes lower just buy more to bring your average buy price down. After I cashed out in 2010, 2011 it has been fun this past year stacking again. They will raise rate in December even if they think they shouldn't and I hope that brings us to a 2017 low but who know what chaos will come sooner then we think.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    No in Sept and probably not in Dec



    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......
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I agree with Mark... however, the results of the election could toss all reasoned predictions out the window....Cheers, RickO
  • MsMorrisineMsMorrisine Posts: 33,088 ✭✭✭✭✭
    too early
    ask the monday before
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    Originally posted by: ricko

    I agree with Mark... however, the results of the election could toss all reasoned predictions out the window....Cheers, RickO




    The trend has been to jawbone and feign that they are raising rates.......the Fed has done a great job in the lip service dept



    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......
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    Confidence is paramount. Jawboning is a tool to influence confidence. Think of it as being similar to a jobs report.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • DoubleEagle59DoubleEagle59 Posts: 8,314 ✭✭✭✭✭
    No they won't, but will say they will raise rates next time.

    Next meeting:

    No they won't, but will say they will raise rates next time.

    Next meeting:

    No they won't, but will say they will raise rates next time.

    Next meeting:

    No they won't, but will say they will raise rates next time.

    (I could do this all day, but I'm getting tired).
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • MsMorrisineMsMorrisine Posts: 33,088 ✭✭✭✭✭
    Originally posted by: MsMorrisine
    too early
    ask the monday before


    How do we find out if the fed likes pce more than CPI?

    If it's CPI I'll lean raise.

    If it's pce I'll lean not.

    However there is no telling which they use more no matter the vote.

    I just wish the PM and FX markets used pce. image

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 33,088 ✭✭✭✭✭
    Yellen has mentioned PCE so many times recently that I think the Fed uses it more(?) (instead?)

    The market's reaction could be a mistake on my part or the markets' part.

    It is interesting that "70% of economists" predict a hike next week.

    CME Fed Funds Futures "Fed Watch Tool" has the markets saying a current 81.5% chance of .25%

    Lots of differing opinions abound.

    Who's right?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • cohodkcohodk Posts: 19,127 ✭✭✭✭✭
    Originally posted by: hchcoin
    Gold 2 week slide on inflation data


    So faster than expected inflation pushed gold lower? And hete on this board I was lead to believe that inflation would push gold higher. Interesting.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,127 ✭✭✭✭✭
    Originally posted by: hchcoin
    Gold 2 week slide on inflation data


    So faster than expected inflation pushed gold lower? And hete on this board I was lead to believe that inflation would push gold higher. Interesting.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • MsMorrisineMsMorrisine Posts: 33,088 ✭✭✭✭✭
    This is a very mild case of inflationitis

    This very mild case may lead to higher interest rates

    That would lead to more attraction to the us$

    Hyperinflation, a bursting of the inflation, inside the us would harm the dollar as it would devalue it so quickly

    Doesn't all inflation devalue the us$? Why did the us$ go up on this inflationitis?


    there are major currencies like the euro and yen where you have central banks with negative rates. a 25bps raise above the abnormally low levels is attractive in this context


    I was wondering when the debt crisis would start. That would seem to be a trigger for fleeing the us$ and the start of gold soaring (at least in us$ terms)
    But a subject of a new thread could ask about the impact of "the new normal" on the timing of the debt crisis
    Borrowing at 2-3% for 30 years certainly slows things down even though I think we are bankrupt now
    And there still seems to be ample cash looking for a place to invest and the us$ is top dog
    That well is keeping the debt crisis at bay most of all

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    No action until post election....likely nothing until next year....except a lot of talk and hype. Cheers, RickO
  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    I suppose, I'm in the minority, but I predict a 25 basis point increase in September which btw, is long overdue. The Feds need to prove, that their decisions are not politically motivated but economy driven.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • oldstandardoldstandard Posts: 387 ✭✭✭
    Originally posted by: MsMorrisine







    I was wondering when the debt crisis would start. That would seem to be a trigger for fleeing the us$ and the start of gold soaring (at least in us$ terms)

    But a subject of a new thread could ask about the impact of "the new normal" on the timing of the debt crisis

    Borrowing at 2-3% for 30 years certainly slows things down even though I think we are bankrupt now

    And there still seems to be ample cash looking for a place to invest and the us$ is top dog

    That well is keeping the debt crisis at bay most of all







    I agree all the childish talk in the how can I get your vote election, the biggest and most detrimental to the USA the debt crisis. A couple a years away from hitting head on and not a word about it from anyone.
  • MsMorrisineMsMorrisine Posts: 33,088 ✭✭✭✭✭
    I think the Feds need to prove nothing and only hike off numbers and economic situations.

    Personally, we might could use more QE infinity. It wasn't making anyone loan money but at least there is a wealth effect from asset prices and perhaps that pce might move into "change of course" territory.


    As for the debt crisis, I think we have years and years and years since rates are slowly rising and there is a very deep and very wet well of money still ready to buy treasuries... And that's even in the face of rising rates and lowering bond prices.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • VanHalenVanHalen Posts: 3,992 ✭✭✭✭✭
    Originally posted by: oldstandard

    Originally posted by: MsMorrisine







    I was wondering when the debt crisis would start. That would seem to be a trigger for fleeing the us$ and the start of gold soaring (at least in us$ terms)

    But a subject of a new thread could ask about the impact of "the new normal" on the timing of the debt crisis

    Borrowing at 2-3% for 30 years certainly slows things down even though I think we are bankrupt now

    And there still seems to be ample cash looking for a place to invest and the us$ is top dog

    That well is keeping the debt crisis at bay most of all







    I agree all the childish talk in the how can I get your vote election, the biggest and most detrimental to the USA the debt crisis. A couple a years away from hitting head on and not a word about it from anyone.




    Amazing isn't it? Our illustrious national media has largely ignored it for several years now. image And the politicos can't get the sheeple worried, that might cost you votes.



    In spite of this there is an undercurrent running downstream and picking up steam.



  • MsMorrisineMsMorrisine Posts: 33,088 ✭✭✭✭✭
    This is the MO of most of the public

    Look at voter registration %ages

    Then look at voter turn out

    Then consider nearly all of them stop caring about politics and gov't once they leave the booth or water cooler.

    We're the "weirdos" who care

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    Gold remains the best performing asset of the 21st century.

    Thank you central banks, keep up the bad work.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • Originally posted by: derryb

    Gold remains the best performing asset of the 21st century.



    Thank you central banks, keep up the bad work.




    +1
  • cohodkcohodk Posts: 19,127 ✭✭✭✭✭
    Originally posted by: derryb
    Gold remains the best performing asset of the 21st century.

    Thank you central banks, keep up the bad work.



    There are 100's of stocks that outperformed gold. Thank you good old American ingenuity, fortitude and confidence. image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,127 ✭✭✭✭✭
    Originally posted by: derryb
    Gold remains the best performing asset of the 21st century.

    Thank you central banks, keep up the bad work.



    There are 100's of stocks that outperformed gold. Thank you good old American ingenuity, fortitude and confidence. image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    Originally posted by: cohodk
    Originally posted by: derryb
    Gold remains the best performing asset of the 21st century.

    Thank you central banks, keep up the bad work.



    There are 100's of stocks that outperformed gold. Thank you good old American ingenuity, fortitude and confidence. image

    I stand corrected. What I meant and should have said is that gold remains the best performing asset class of the 21st century.

    American ingenuity, fortitude and confidence? Don't forget to thank the money printers.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Originally posted by: derryb

    gold remains the best performing asset class of the 21st century.





    Grant for the sake of argument that it's a true statement.



    It's a convenient coincidence that the century began with the stock market unusually high, and gold prices unusually low, relative to the longer term trends.



    Pick just about any other starting date and let's discuss image



    Liberty: Parent of Science & Industry

  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    Originally posted by: Baley
    Originally posted by: derryb
    gold remains the best performing asset class of the 21st century.


    Grant for the sake of argument that it's a true statement.

    It's a convenient coincidence that the century began with the stock market unusually high, and gold prices unusually low, relative to the longer term trends.

    Pick just about any other starting date and let's discuss image

    No, let's continue discussing the current, relevant time period. . . one in which misguided monetary policy continues to determine the outcome. When monetary policy changes the discussion can change with it.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • oldstandardoldstandard Posts: 387 ✭✭✭
    Originally posted by: MsMorrisine

    too early

    ask the monday before




    Is Sunday after noon to soon or should I hit you in the morning
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Originally posted by: derryb

    Originally posted by: Baley

    Originally posted by: derryb

    gold remains the best performing asset class of the 21st century.





    Grant for the sake of argument that it's a true statement.



    It's a convenient coincidence that the century began with the stock market unusually high, and gold prices unusually low, relative to the longer term trends.



    Pick just about any other starting date and let's discuss image



    No, let's continue discussing the current, relevant time period. . . one in which misguided monetary policy continues to determine the outcome. When monetary policy changes the discussion can change with it.







    So, time started for you when the calender rolled over from 1999 to 2000? (or is it 2000-2001? image )

    That's the date everything "changed"?



    Well, if you're waiting for "monetary policy" to change back and the world to start working like it should, good luck.



    btw, I start my time zero in on July 4, 2011. It's no less arbitrary than Dec 31 1999, is it?



    Edit: no, wait, change my time zero to Jan 12, 1980. image

    Liberty: Parent of Science & Industry

  • cohodkcohodk Posts: 19,127 ✭✭✭✭✭
    Originally posted by: derryb
    Originally posted by: Baley
    Originally posted by: derryb
    gold remains the best performing asset class of the 21st century.


    Grant for the sake of argument that it's a true statement.

    It's a convenient coincidence that the century began with the stock market unusually high, and gold prices unusually low, relative to the longer term trends.

    Pick just about any other starting date and let's discuss image

    No, let's continue discussing the current, relevant time period. . . one in which misguided monetary policy continues to determine the outcome. When monetary policy changes the discussion can change with it.



    According to many her3, monetary policy has been I'm the capper since the Fed was created. Maybe we should start the clock then?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    Originally posted by: cohodk

    According to many her3, monetary policy has been I'm the capper since the Fed was created. Maybe we should start the clock then?


    It has become more politicized in the past twenty years. The Washington boys have learned to take their share from the New York boys.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • VanHalenVanHalen Posts: 3,992 ✭✭✭✭✭
    Originally posted by: derryb

    Originally posted by: cohodk



    According to many her3, monetary policy has been I'm the capper since the Fed was created. Maybe we should start the clock then?





    It has become more politicized in the past twenty years. The Washington boys have learned to take their share from the New York boys.





    The Washington boys (& girls) have taken their share for a long time. Now they take far more than their share. image



  • Originally posted by: VanHalen

    Originally posted by: derryb

    Originally posted by: cohodk



    According to many her3, monetary policy has been I'm the capper since the Fed was created. Maybe we should start the clock then?





    It has become more politicized in the past twenty years. The Washington boys have learned to take their share from the New York boys.





    The Washington boys (& girls) have taken their share for a long time. Now they take far more than their share. image





    VanHalen wins



  • oldstandardoldstandard Posts: 387 ✭✭✭
    Originally posted by: MsMorrisine

    too early

    ask the monday before




    OK it is Monday lets here it
  • MsMorrisineMsMorrisine Posts: 33,088 ✭✭✭✭✭
    Originally posted by: oldstandard
    Originally posted by: MsMorrisine
    too early
    ask the monday before


    OK it is Monday lets here it



    I posted what I felt I could say on Friday after CPI


    I wasn't embroiled in a heated argument in the past. The conversations were much like these election ones lately. I named candidates and parties without foul language. It led to the sticky thread of forum rules and a warning to me.


    I strongly recommend everyone talking election impact stay away from party and candidate names.

    But cnbc people are still talking election impact and that will likely continue until even after the election.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • Originally posted by: MsMorrisine

    Originally posted by: oldstandard

    Originally posted by: MsMorrisine

    too early

    ask the monday before




    OK it is Monday lets here it












    I strongly recommend everyone talking election impact stay away from party and candidate names.









    Sorry I did not see it, I understand what you are saying and agree but the majority of people are programed by society and do not think outside the box. If you want a very good indicator of how people will behave and think just keep up with the Television. For example look what was shown on Television in the 50"s and look how people acted then the 60's 70's etc, do I need to say more about 2016? For some reason human nature is to copy the lead person and act like them, I was lucky in life to be show a different way and that's what the 1% club wants do as I want not as I do that way it is easier for them to win. This is just an observation and honesty nothing intended to be rude.
  • akuracy503akuracy503 Posts: 1,923 ✭✭✭
    Your state of mind might make you think you are different. But the living reality is that you are very much part of the social system as anyone else. Bottom line is that you bound by the box no matter how much you think outside of it.

    Originally posted by: oldstandard



    Sorry I did not see it, I understand what you are saying and agree but the majority of people are programed by society and do not think outside the box. If you want a very good indicator of how people will behave and think just keep up with the Television. For example look what was shown on Television in the 50"s and look how people acted then the 60's 70's etc, do I need to say more about 2016? For some reason human nature is to copy the lead person and act like them, I was lucky in life to be show a different way and that's what the 1% club wants do as I want not as I do that way it is easier for them to win. This is just an observation and honesty nothing intended to be rude.

    CU Ancient Members badge member.

    Collection: https://flickr.com/photos/185200668@N06/albums

  • MsMorrisineMsMorrisine Posts: 33,088 ✭✭✭✭✭
    Last night Fed Watch on CMEs site was still at 85% chance of a 25bps hike

    Today, cnbc people still talking about possibility of a surprise rate hike

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • oldstandardoldstandard Posts: 387 ✭✭✭
    Originally posted by: MsMorrisine

    Last night Fed Watch on CMEs site was still at 85% chance of a 25bps hike



    Today, cnbc people still talking about possibility of a surprise rate hike







    It would be a shocker with market drama
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