The technical factors for gold that turned post-FOMC rate hike
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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Thanks Cory. Craig always focuses on parameters that others miss. Good conversation!
+1
Food for thought:
https://www.youtube.com/watch?v=aTYsXY52pX0
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.
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.
I think CPI was adjusted lower.
My bad. I am thinking of GDP being adjusted lower which Craig was referring to in his interview.
Opinion: Why Yellen’s first bazooka shot didn’t hurt gold
Published: Mar 16, 2017 – By NIGAM ARORA
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
Zero chance of $1200 gold, right?
http://www.kereport.com/2017/03/09/similarities-gold-year-year/#comments
• “A person expert at deception, and hype.”
• “A person with a talent for convincing lies.”
• “A person who habitually exaggerates, flatters, or talks nonsense.”
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• “A person who specializes in a field of feeding its surrounding persons with uselessness.”
• “A true master of verbal façade who gets off on selling worthless information as if it was fact.”
Yep, he’s a well known B.S. artist.
https://youtu.be/JuY1iqYpkbs
Worth listening to…..