Rick Ackerman and Technicals with a bit of input from Doc.
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Martin Armstrong is of the view that the FED will tighten when the markets are rocking (I know, they have been rocking for a few years now) because they will not be able to stay idle in those conditions.
So yes, it will add fuel to the USD fire, but they – according to Martin – will have to make that choice irrespectively – because otherwise the public, media AND more importantly the Congress will “go after them”.
If higher highs in April-May, then that makes a June raise “easy” for them.
FWIW, I like that perspective.
And on a side matter, keep in mind that markets DON’T top when rates bottom.
Best to all, and GL investing/trading.
LPG
Thanks LPG!
Martin Armstrong AAAA GRAP ! https://www.youtube.com/watch?v=ZKbUCSiPhHA
The euro start weakening ! GOLD 800 $ NEVER !
Listen to diss BOY’S ! https://www.youtube.com/watch?v=Q-a7KPmOnok
“DEAD AS A BEAVER’S HAT”…………even AL should remember that quote…………..
Funny OOTB. That’s a common quote where I live in TN. So is “Slicker than owl snot.”
The inflation – adjusted value using ShadowStats of the 1969 $U.S. price fix of $42/oz., which has gone unchanged in the Treasury since that time,is $1154/oz. in 2014 constant dollars.
Tom’s Inflation Calculator
What happens when you speak the truth ! https://www.youtube.com/watch?v=5Hd3UkZ8Tl8
good one franky…………..
Skinner is one of the most entertaining guys in Parliament.
STRANGE MOVE!!!
GLD: 180K and 120K bought spiking the price up to 111.00 region
Possible bottom formed…
I mean no disrespect from this post to anyone.
How you can derive, assume, forecast, or even fathom that the dollar is going to 1.20 is totally beyond me! I’m looking at the charts. I’m studying other charts that dictate it’s impossible. I study the financial system that totally proves that a buck twenty is impossible!
The dollar has either topped now” or could go to 1.06.
And gold has the big wash coming! Even if the dollar has topped.
And I’m looking at the same charts that everyone else is looking at thinking the dollar is hitting 1.20. Ain’t gonna happen..!
Good thoughts and questions Chartster.
I’ve been consistent for a while with a short term top in the dollar around the 100-102 resistance zone. 100 is a psychological number, and 102 is a fib level. So far last week the dollar did touch over 100 twice and touched 100.39. Was this the short term top? (I think we’ll know post FOMC meeting fallout).
I think it will take a breather for a few weeks and then do it’s blow off top (109-110) in the summer/fall. In addition, a case could be made that the dollar will top in September if that is when the Fed actually does their (25-50 basis point rate hike), spiking it one last time.
As for 120, that was the recent highs, and while it would definitely be a stretch, I am not ruling it out completely as these markets are contrived and defy logic at present. It would be scary to think what would happen to US exports at that level, and what the Euro, Yen, Loonie, Australian Dollar, Mexican Peso, and South American currencies would look like at those levels.
Hopefully we top later soon in the dollar, rest, get the blow off top over with, and start a new overall trend reversal in all the markets in mid-late 2015.
* Good Luck to all in these turbulent times!
That last paragraph should have said Hopefully we’ll top sooner rather than later in the dollar, then rest, then let’s get the blow off top over with….
Peter….gold dropped because the IMFleader commented that the fed should not tighten…this comment was soon rationalized and gold went back up.Only jitters before Yellen speaks.
My view is the before july gold is headed much lower.
Chartster…i think before its all said and done and the dollar pops we will see high even beyond 120. We will be entering the twilight zone soon enough.
Biggus,
The moving averages say, not.
The overall commodity charts say, not.
The financial picture regarding the US and emerging market currencies say, not.
The imports/exports say, not.
The manufacturing and tax laws say, not
If it hits 1.20? I will concur with twilight zone.
Chart this:
The CME Group’s most recent 10-K filing with the U.S. Securities and Exchange Commission (SEC) lists its customers. Included in that list are governments and central banks. Nobody can trade against central banks, they create infinite money. If central banks are secretly trading in the futures markets, there are no markets.
Chris Powell,GATA
December 21,2014
No market, so, when they decide to take gold down..short it, when they let it go up……long it. lol
Interest Rate Observers’ Jim Grant announced this Wed am3/18 that Atlanta FED projecting just a .3% GDP growth hor this 1st qtr. if that’s the case, gold goes to 1300 before $1050
Rick, do you see Docs gold “pop” in March?
Is $800 still on your radar?