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 Replies: 5,649 / Views: 461,094 |
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Pillar of the Community
 United States
3789 Posts |
I might add, those set ups are only valid for TODAY.
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Pillar of the Community
United States
2168 Posts |
The one oz gold are up $50 om the Mints site now. 1740 for the buffalo
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Pillar of the Community
United States
1590 Posts |
Crystal ball time. Logic says we will see tapering in Sept. logic says Big Ben will want to begin the end game of QE so that the next Fed Pres. can't step in and claim all the credit for "saving" the economy, when THEY end QE. Remember the last one in front of the camera gets the credit, and the former Pres. gets the blame.
So logically we should see tapering beginning in Sept.
But since the Fed has been counter intuitive this whole time I'll go with no tapering and the repressed gold bugs soaring for heaven, tripping buy stops, or whatever they call them, at $1400 and seeing a huge rally that goes to $1500.
oh, and silver to $33.
I'm usually wrong, so I'm hoping this time.......lol
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Pillar of the Community
United States
3789 Posts |
@jim
yea I stopped guessing many many many years ago.
I just follow the price action. Most of what the Fed is saying today has already been known by the markets for a good 6 months. Rates were rising a long time ago, gold and silver were dropping for that very same reason.
I have seen these moments in time many times tho, were it seems as if thats what will happen and then poof, it doesn't.
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Pillar of the Community
United States
3789 Posts |
well looks like the FOMC will end up providing no catalyst for gold and silver. on to the next thing!
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Pillar of the Community
United States
899 Posts |
I suggest based on the recent round of economic data...there will be no QE easing. The minimal increase in stability isn't really showing a healthy economy and with Obamacare around the corner and the elections looming next year - I forecast that QE will happen somewhere about...oh December 2014.
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Bedrock of the Community
13014 Posts |
Completely agree with Doug, the boat isn't going to get rocked until after the mid term election if at all.
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Pillar of the Community
United States
2168 Posts |
Many companies are removing spouses from health ins now due to O care. Keep your 26 year old on but remove the spouse! Always more costly for 2 policies than H/W policy. Ruining healthcare
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Pillar of the Community
United States
1590 Posts |
Hows that old song go? "if you don't make a choice you still have made a choice".
IF you they are going to rock the boat then it would be before years end. Several "experts" are already saying it is "baked in the cake", and the market expects it. Not doing so before New Years would seem to make it happen well after the elections.
But maybe the Uber Richman's welfare, will keep going on, and on, and on. I mean lets face it. There is no trickle down. There is no job creation from QE; all there is, is easy money for the big boys to play monopoly with.
Lol, did anyone else catch that "real" money is now printed in the exact same colors as Monopoly Money? I won't even calculate the chances of that being by accident....
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Pillar of the Community
United States
3670 Posts |
I am sidelined minus quarter oz. gold comms I get close to spot so I truly wish it would fall to 1k gold an 15 silver an I would back up the truck lol......
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Pillar of the Community
United States
3789 Posts |
Doug and BB are wrong. There will be tapering it wont be put off.
Market is already telling us that. Thats why the long bond is and has been in the toilet and rates have been rising since early this year.
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Pillar of the Community
United States
3789 Posts |
look you guys are missing it all, and I understand why, none of you are actively involved in the markets.
We are now starting to correct. We been correcting and getting weak after a great run. We are not going backwards. The economy is fine. The market is now reacting and pricing in higher rates.
How long do we correct? Who knows. more importantly, who cares. This is how markets work.
Now for the next coming weeks, ALL you will hear on the TV, paper and radio is how bad and disappointing things are. Of course its going to sound bad after having a HUGE run in the markets.
To me, I welcome all this selling, because markets will be higher years end. This is all normal. However, now because the markets are setting up to correct, now the public will RUSH to the other end and start to say how things are terrible and getting worse.
I have seen this movie before.
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Bedrock of the Community
13014 Posts |
No theyll do whatever they have to to not get slaughtered in the mid term elections. They may start putting out feelers to see what would happen but if they dont get a good response it absolutely will wait till after the mid term elections. QE is politics you cant sand bag the president even if its the right thing to do and expect to keep your job. As far as I know the Fed likes his job and isn't retiring anytime soon so the wise career move will be to figure out the effects first, if there isn't much of one theyll go ahead if it would sag the market big time its not happening. Thats how Washington works. Washington is making the QE calls.
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Pillar of the Community
United States
3670 Posts |
Its real EASY to take things for granite....until you no longer have them.... Electricity and water.... How often have you had power out and try and flip on light or try and brush teeth, etc.... I'm ranting on Yups thought about humans going on via "Things are getting bad, or they are getting better" all just ones own perception for the world they live.... Really what has happened so bad that really TRULY effected us in my country say for example, short of gas shooting up to 4 and 5 bucks a gallon, or insurance being forced upon us while big brother slowly sets up shop, stripping away each key freedom one at a time hoping no one will notice lol.... Or we are all sweating that 16 Trillion plus debt, that NO ONE in the world seems to care about. China and all who owns are debt, they think like CC companies via we don't want you to pay it all off, just make those minimum payments and lets keep owning ya FOREVER..... Plus who else CONSUMES like Americans on Earth, who else has the audacity lol? Another-words you are not gonna bite the hand that feeds, would not make much sense.... I seem to be making solid sells on higher end pieces like 6 ot 7 a week, and can't keep a Nascar with the name Earnhardt or Petty in house, or bullion for that matter, sells faster then I can buy and list, so to ME things are on up and up in my world and the narrow view I see of it all in my small town world.... I am just a poor server with no degree or market trading skills and never will be a trader of paper as that is not my thing, biggest money on Earth or not, more things to life then just profits.... My late grand father left me a house with good tenant that pays 500 a month like clockwork which covers my rent.My ebay store EASILY covers the rest including about a 1500 a month bill to Kabbage via small bus loans, which I push up to 6k often and pay off about 5 or 6 times in any given year lol. I do what I want, buy what I want, and MOST importantly have a family I love most of all and nothing more important then that and health. Everything else is just killing time and staying afloat.... Edited by Silverhawk74
08/22/2013 01:58 am
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Pillar of the Community
United States
899 Posts |
yup - to your point. The correction as you call it is going to start over the next few weeks. The QE slow down is also supposed to start over the next few weeks. The markets already run in fear every time the FED meets to discuss QE. That is just when they talk about it. I believe there isn't enough good data to support the current market prices of many stocks, and the underlying economy isn't as healthy as you see it. (That's my opinion). Jobs growth is largely part time help - new jobs are paying less than they had previously. Obamacare is gutting many jobs from the market, and making them part time. Oh, and the implementation of Obamacare (well parts of it since they keep changing the laws to put off some of the worst parts), is also going to start in October...
All signs to me point to a poor time for the FED to play what if... and QE will stay. Note - I have been against QE since it started - but now I don't see they have a great exit strategy for it with the very slow growth the economy is seeing.
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Posted 08/21/2013 1:21 pm
