Talk about convoluted policy. Hiking rates while at the same time doing QE is like stabbing yourself while taking a blood transfusion. This is sheer perversion of economics and I hope he is punished in the after life for it.
ECB SAID TO HAVE DISCUSSED WHETHER RATES CAN RISE BEFORE QE END: BBG
— zerohedge (@zerohedge) March 10, 2017
As a result of his comments, European stocks sold off and we’re giving back a lot of gains.
The euro is flying v the dollar, up 0.75% and crude is now off by 0.7%.
More fuckery. I’m still 100% cash.
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Thoughts on gold here??
buy
and never stop buying.
Also, add silver to your purchase while you’re at it.
USD needs to fall to MAGA
Gold looks like shit, which likely means time to buy.
Who the fuck is the pinko commie bolshevik ‘fake news’ down voter on here? Phyz gold and silver is on sale all you assholes here. Load up! That’s your protection against hte vile FED if you have any of the confetti called Fed notes left (or the digital equivalent). sheesh.
Physical gold is worthless. Only paper gold is worth something.
I have both physical and paper gold. I feel they are in dead heat for worst. a) manipulation b) registration requirements.
The miners, however, can create a lot of wealth. All very odd eh?
Agreed
Afterlife? Thought you atheist Fly.
Possible agnostic
Sprott making a hostile bid for CEF….. 3.1B dollars for the closed end gold bullion company.
March is starting out frosty….. look for a decent injection figure next week.
Natty …like the probabilities of hitting 3.20 by the end of injection season and then 3.50 for the June time frame……. the gap from the start of the year may be a bit of a reach at this point. Next winter yes but at this point I don’t see it.
week ending March 15th…. debt ceiling Dutch election US rate hike…….could be a little volatility
I bought $UPRO today (not with my trading account). This bull’s not dead yet.