oil
oil up 5%, gold up, euro dropping……something smells of war
Found it, Fed backtracking on rate hikes, not even 1/2 point in March on the table
oil up 5%, gold up, euro dropping……something smells of war
Found it, Fed backtracking on rate hikes, not even 1/2 point in March on the table
I have always cynically predicted that they would start WWIII when they finally decided to throw in the towel on the financial system.
Personally, as a gold investor, I don’t like price spiking on the back of war fears, because inevitably any such gains are given back when the fear mongering subsides.
Who knows, maybe this time is different.
Very convenient timing for the Fed. They can blame Covid for inflation and now WWIII. Nope they had nothing to do with building the biggest house of cards the world has ever seen.
Sir HR,
I respectfully disagree.
If the rate hike was off off the table, why would Nasdaq be still down 353 points right now?
GL
Fear? Blackrock ?? Markets were way way overbought on every indicator out there , Europe is not going to raise rates as they cannot to the mix. Gold has been coiling, Russia peace talks broke down today and the ground is frozen so time is a ticking. I just follow the charts and go with the flow. Gran Tierra has been kind to me.
“Meanwhile the euro, which surged last week, was set for a weekly decline after European Central Bank President Christine Lagarde said in an interview that raising rates now would not bring down record euro zone inflation but only hurt the economy.”
Bottom line though is that Covid and the WWIII will keep the lynch mob away from the Bernie Eccles Building, or at least the Fed hopes.
Covid and WWIII give them political cover and keep the focus off of them as a source of blame for when TSHTF.
lol not “Bernie” eccles. Not sure why that name jumped to mind. It’s Mariner Eccles. lol.
Blackrock.
Yes.
Makes total sense now.
Any idea how is Blackrock’s “assets” valuation calculated, even roughly?
Thank you.
GL
no, I do not have a clue. My chart shows the huge energy divergence which screamed get out of dodge a long time ago. 10 trillion dollar fund is no joke. Could drop 50% .https://www.tradingview.com/x/3I5P6h0H/
Armstrong dow target for now.
https://www.tradingview.com/x/w2Gt0k25/