Time to lay down those bets:
Ok, let’s hear it, the good, the bad and the ugly. What do we think happens tomorrow? I am personally betting on a moon shot that comes back down by parachute by market closing.
Ok, let’s hear it, the good, the bad and the ugly. What do we think happens tomorrow? I am personally betting on a moon shot that comes back down by parachute by market closing.
There’s someone controlling this. He or she is trying to drive us insane.
We aren’t insane already? 🙂
LOL
Yes We Are !
I have heard the line is now 50:50 for a rate cut tomorrow.
Can you imaging the twitter backlash if Powell is brave enough to stand pat ?
Wow! Just checked the odds… In one week, thet dropped from 87 to 51!!!! Yikes! https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
Sounds like the voice of bitter experience AM lol. The chart strongly suggests a move to $1600+, but who knows in this crazy world?
Indeed, gold looks to have bottomed, at least temporarily. Will it go back to recent highs and fall to lower low Like $1450 after? Or will next move terget new highs? All depends if current upmove is just a bear market rally or if we are back in bull mode.
I think war is coming – this is beginning to feel like 1978-80- Iran embargo- gold bull – asset inflation – hold on peeps
I see the FFR broke out to the UPSIDE last night. 2.35%
So the NY Fed can’t even contain rates within their current target band.
And they want to drop the target another 25 bpts?
Making it even easier for all the world to see they ain’t wearing nothin’?
PMs aren’t tracking the $. They are tracking rates, and real rates at that.
I have TLT at short term resistance.
And PM complex in a bear pattern into end of year.
There’s one caveat, allowing for a brief delay in that.
Lots of chatter out there about a liquidity crisis, and more that Fed has no clue, and isn’t even the real lender of last resort. I don’t know … not remotely close enough. Just watching the shadows move.