The key takeaway from today and this week in the volatile markets
Chris Temple chats with me (Cory Fleck) today to recap the volatile week we have seen in the markets. We focus on the move down in oil and gold as well as the pop we are seeing in the USD after an otherwise slow week for the dollar.
Finally we wrap up the discussion with our points on why we are the outliers and think the Fed will be raising rates next week.
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In case you guys have not noticed, Palladium was up $18 in London today!!!
Going completely against the usual Friday knockdown trend.
Nice. Thanks CFS.
Thanks Chris Temple and Cory. Good market thoughts on the markets, precious metals, Oil, and the dollar. We’ll see how the Fed plays the “Will they hike?” game soon enough.
Also gold may be down in the US, but it is up on the SGE.
The differential is currently over $17……an all time high.
Differential over $18, with SGE gold at $1326.39
The SGE is closed currently, of course.
Here is a repost by CFS that Greg Hunter did with Michael Pento,author of “The coming bond market collapse” penned in 2012.
The crux of the interview is that if the Fed has boxed themselves into a corner.
If the Fed raises rates they are admitting that they have abandoned their inflation mandate.
If they don’t raise rates,they loose credibility because of all the jawboning.
Also note that the Bank of Japan will be meeting at the same time as the Fed.
https://www.youtube.com/watch?v=BhTl4f10t3g
Stockman @Usawatchdog, see Cfs post earlier
I agree with you guys. The FED will raise rates, but for a different reason than just to save face.
We haven’t seen the black swan, but there’s black feathers and droppings all over Europe, NY and Chicago… We should see it soon!
I think the FED will raise rates but they will do it after the election. If Trump gets in they will be out of a job and I don’t think they want to risk sabotaging the Democrats election chances.
If the 10YR can get above 2.0%, then I will consider the FED raising rates. Until then, I think they are happy were they are.
Great Zero Hedge article on the gold “rally”.
http://www.zerohedge.com/news/2016-09-15/evaluating-%E2%80%9Crally%E2%80%9D-how-long-get-10000oz
Chris and Cory, I have an ounce of silver that says the Fed does not raise rates in Sept 2016.
Any takers???
Lotsa talk no action! I knew it.
Chris/Cory:
If your prediction on interest rates comes to pass………..will it have any affect on US exports or will that depend on what happens to the US $?