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The technical factors for gold that turned post-FOMC rate hike

Cory
March 16, 2017

Craig Hemke joins me today to look at gold the changes in the chart he sees post rate hike. By holding $1,200 and the 100 week MA the precious metals market has changed at least for the short-term.

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Discussion
11 Comments
    CFS
    Mar 16, 2017 16:04 PM

    https://youtu.be/JuY1iqYpkbs

    Worth listening to…..

    Mar 16, 2017 16:07 PM

    Thanks Cory. Craig always focuses on parameters that others miss. Good conversation!

    CFS
    Mar 16, 2017 16:01 PM
    Mar 16, 2017 16:32 PM

    Despite the CPI number coming in under 3, it was +2.7% and even this rate hike keeps the Fed behind the curve. CPI has gone from 0.0 to +2.7 in 2 years and from 1.0 to +2.7 in one year.

      Mar 16, 2017 16:34 PM

      Even so, unless the oil price catches fire and goes well above $50, inflation will peak fairly soon and decline to the end of the year perhaps to 2% by my reckoning. EIA forecasts oil to stay under $60 for next 2 years by the way in their central forecast. I foil goes to $80+ then that can stoke inflation.

      Mar 16, 2017 16:36 PM

      I think CPI was adjusted lower.

        Mar 16, 2017 16:41 PM

        My bad. I am thinking of GDP being adjusted lower which Craig was referring to in his interview.

    Mar 16, 2017 16:50 PM

    Opinion: Why Yellen’s first bazooka shot didn’t hurt gold

    Published: Mar 16, 2017 – By NIGAM ARORA

    http://www.marketwatch.com/story/why-yellens-first-bazooka-shot-didnt-hurt-gold-2017-03-16?siteid=yhoof2&yptr=yahoo

    Mar 17, 2017 17:33 AM

    Gold prices hold firm, set for first weekly gain in three

    Reuters Reuters – March 16, 2017

    https://finance.yahoo.com/news/gold-prices-hold-firm-set-011320688.html

    Mar 17, 2017 17:29 PM

    Zero chance of $1200 gold, right?

    http://www.kereport.com/2017/03/09/similarities-gold-year-year/#comments

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