not much movement, futures did hit $2K
Rates giving up ground, have to think that trend continues, along with the dollar.
Flat today works, rally tomorrow?
not much movement, futures did hit $2K
Rates giving up ground, have to think that trend continues, along with the dollar.
Flat today works, rally tomorrow?
despite silver down a bit and gold pretty much flat. Looks like the shares might want to rally?
I would think the shares are telling us that maybe the metals will hold up too?
So many questions, I’ve got to remember these times in pm’s, because we just haven’t had enough of the good times. It sure is nice to have some good days instead of those never-ending selloff’s that last for months on end.
USD down a little but definitely coming back.
I’m surprised we are holding some small gains in G & S, but I guess that’s what we’ll do in a raging bull market.
I see Bitcoin is coming back, up $500. Futures sitting right at $2K, $1,999.60 to be exact.
Not sure what T/A is saying, but I think we should blow right thru $2K.
The usual weekly Jobless claims and consumer confidence, or lack thereof.
Shares are a little perky, even NEM is up $.34!
Let the game’s begin.
Doesn’t appear we’re going to get follow thru today but it’s early. Silver playing the weak sister and I haven’t seen that be a positive development pretty much ever.
USD still weak but off the lows. SM in obligatory rally mode the day after a Fed meeting.
I guess if we don’t pullback too much, we can salvage a flat day.
down .5%. Gold and silver up a little in response. SM futures also up .5% at the moment.
All things equal, we should get some kind of rally to start the day.
Worth your time to stay UTD. Very good exposure on what is happening.
that’s 2 for 2. Couple more, and I could actually be a GURU. 🙂
Don’t think it will happen but they could take us back down tomorrow. They did that after the last meeting.
Silver having a strong, stealth rally.
USD taking it on the chin for the 5th day in a row. Bitcoin down $900
Fed Hikes Rates 25bps, Maintains QT, Removes Hawkish Guidance
but it’s tanking the market, we’re holding up better but still our shares are taking a hit. They just threw a $10 hit at us in a nanosecond.
I’m actually listening to him. Nothing he said was bearish.
Battle is on. NEM is leading the way down
I think we have some of their game plan….like in they smash PM’s down before dovish news hits….to make sure the headlines don’t talk of record Hi’s etc…..Gold wud have to rally over 70/80 bucks from todays lows, to break the recent Hi….if we were at 1970/80 still we wud be looking at 2050 plus already etc…..however they do gift cheap prices…..which they love doing to their bankster mates…after all it’s only taxpayers money they are pissing away.
you know it’s good when…
Bonds are rallying like noones business again. Back to 3.48%
So, money rushing into bonds, bullion, and stocks, but selling Bitcoin.
All eyes on $2K
Yes. He also may need to support the bond market as well. I don’t think they want higher interest rates. As you said, all he has is bullshit.
SM no likey what Powell has to say. PM’s do though…
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and intervention is not easy, as it is such a huge mkt and highly analysed…..they can’t bully it like the PM’s….it should provide a tail wind for PM’s.
Starting toto this point. get some traction, even NEM is up a little, they’ve stuffed it all day
Giving up so soon, did he get word they’re going to stop the printing presses or just talk to calm the run on banks.
The Federal Reserve raised interest rates by a quarter of a percentage point Wednesday and suggested the end of increases is near.
The move to proceed in its inflation-fighting efforts comes despite turmoil in the banking system.
Chairman Jerome Powell is set to hold a news conference at 2:30 p.m.
I think Powell gives the presser in a few.
Rates down about 8 bips, USD down .5%
What’s not to like? As long as rates continue to get a bid, we’re in good shape.
Good move. Now talk dovish.
So far, so good. $1975 and climbing.
No matter what they do today, all they have left is talk and the Rig
Yep because they’re the government and they’re there to help themselves .. I mean us.
That’s a interesting dream. I wonder what would happen if that did happen other than the pog. Since it’s not pegged to the dollar they couldn’t justify confiscating it “ for the greater good” I hope.
but it is what it is. Hope like maddog said it’s been leaked.
Those derivatives are like oxycodone for the bankers. They can’t resist speculating and putting their banks at risk. But of course their bonuses are safe! ![]()