Chris Temple from The National Investor – Wed 30 Jan, 2019

The Fed Is Now Stopped Not Paused – Here Are Our Thoughts

Chris Temple and I weigh in on the recent Fed statement and press conference. Chris points out that this was a big change from the Fed. They are now much more worried about domestic and global growth than they have told us before.

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  1. On January 30, 2019 at 1:31 pm,
    CFS says:

    If something can’t happen, it won’t happen.

    The Fed cannot raise rates without crippling the economy and ADDING TOO MUCH to the National Debt. Thus rates will not be raised. QT is going to be stopped soon, as I stated a month ago.
    QE will restart later this year, and continue until/if a collapse/reset occurs.

    • On January 30, 2019 at 2:13 pm,
      Silverdollar says:

      +1 Couldn’t agree more. What does the Fed’s actions or inactions actually tell one about the real nature of our economy and than of the world in general?

    • On January 30, 2019 at 2:31 pm,
      spanky says:

      don’t get too cocky, IMO.

      Remember back to 2013: the Fed announces QEIII and the goldbugs expect gold to explode to new heights. Instead what we got was gold dropping over the next few days until the BoJ announced a QE that dwarfed the Fed’s. Gold and commodities proceeded to plunge for the next 3 years.

      Not saying it will happen again, but never ever get too cocky when it comes to your investment thesis.

      • On January 30, 2019 at 2:43 pm,
        Silverdollar says:

        This has nothing to do with gold. I simply believe we’re in trouble or at least the Fed is believing we’re in trouble and they are trying to not rock the boat any more. Yet, I’m more at ease with my PM holdings than if I was on the conventional markets bidding up AAPL. Let the chips fall………….

  2. On January 30, 2019 at 2:14 pm,
    irishtony says:

    The game is up…& the FED know it….Somebody stole the can.

    • On January 30, 2019 at 2:57 pm,
      OOTB Jerry says:

      at least some know it………….lol

  3. On January 30, 2019 at 2:54 pm,
    CFS says:

    The Fed/Government wants to generate 2% to 3% inflation; a rate at which the Government can steal from the people, without the general public complaining too much.
    By the Federal Reserve/Banking System filtering off too much money for themselves in a QE AND because private debt is already very high, the private sector CANNOT generate more borrowing and inflation.
    Inflation could still be generated by direct gifts of money to the people, but that “gift” of money would be merely a chimera ; in fact a double falsity: first, because the Government does not actually give anything; it merely redistributes. (And stealing capital from the wealthy tends to lower production) Second, because any inflation generated by this chimera steals back every penny “given”, unless more real wealth is created by higher production.

  4. On January 30, 2019 at 2:56 pm,
    OOTB Jerry says:

    Ditto on the without the general public complaining too much.

    • On January 30, 2019 at 4:52 pm,
      Chartster says:

      The public not complaining too much. That’s funny, given the public has no idea how money is created and how sinister QE actually was.
      Meanwhile the alleged “guru’s” ponder another QE (when they have no clue what it is) and there won’t be another QE in our lifetimes because of the change in financial structure.

      • On January 30, 2019 at 4:56 pm,
        CFS says:

        What, Chartster, do you mean by “because of the change in financial structure”?

        • On January 30, 2019 at 6:36 pm,
          Chartster says:

          I’m only going to give the 50,000 foot flyover.

          The QE scam can only happen when you use a debt instrument. The debt we have has run its course and the system will revert back to sound monetary policy.

          The QE scam is when a corrupt president lets his corrupt treasury secretary “give or assign” bonds to the fed so they can monetize those bonds, and then use the money to buy stock. The stock they buy is the same companies that the owners of the fed own. The top 500 companies they control. They create the debt for the plebs to pay while controlling the markets and companies putting the plebs out of business. All the while calling it “economic stimulus”.

          The change of financial structure is a president that won’t let the fed monetize the bonds to use against the plebs. That would be Trump.

          And then real economic freedom comes from sound monetary policy using a real currency backed by something tangible, that dosent create debt.

          Trump won’t let his treasury “give” the fed cabal any more bonds to monetize. That means no QE. [game over]
          ( could have explained much more, but you get the gist)

          • On January 30, 2019 at 8:44 pm,
            CFS says:

            Thanks. I now understand what you mean, but I have a different belief about Trump.
            I believe he will try to prop things up by some form of QE until he succeeds in draining more of the swamp.
            Trump has no Democrat support and little congressional Republican support, but if the economy begins to seriously slow, he will lose all support, and will be in danger from impeachment.

          • On January 31, 2019 at 12:39 am,
            CFS says:
          • On January 31, 2019 at 8:35 am,
            OOTB Jerry says:

            Let us see if this unfolds……..will be interesting…..for sure

  5. On January 30, 2019 at 3:15 pm,
    CFS says:

    About half of the increase in precious metal price rises today was purely due to the US dollar drop at the Fed announcements.

  6. On January 30, 2019 at 4:39 pm,
    Ebolan says:

    What did that fedster have to say about QT? They going to keep reducing their balance sheet?

    • On January 30, 2019 at 4:40 pm,
      Ebolan says:

      Balance sheet reduction…well, at least that’s what they tell us rubes…who knows what they are really doing behind the scenes…

  7. On January 30, 2019 at 4:41 pm,
    Temple says:

    Not for long – and in any case, the Fed has already said they would use their open market operations to BUY paper even for as long as they continue the official Q.T. That’s one of the many crazy things about how far they went today. . .I wonder if Powell will have to hit up Mrs. Yellen’s supplier of Depends?

  8. On January 30, 2019 at 8:54 pm,
    Matthew says:

    Gold ran into resistance today at the intersection of a speedline and Fibonacci Fan line:

  9. On January 30, 2019 at 9:34 pm,
    CFS says:
    • On January 30, 2019 at 10:49 pm,
      Ebolan says:

      I posted that 2 days ago here…you know the old say, “If it’s too good to be true…”

  10. On January 31, 2019 at 7:20 am,
    OOTB Jerry says:

    Bank of England tears up its Gold Custody contract with Venezuela’s central bank
    Date 31 Jan 2019 01:17
    In early November 2018, it first came to light that the Bank of England in London was delaying and blocking the withdrawal of 14 tonnes of gold owned by the Venezuelan central bank, Banco Central de Venezuela (BCV). At the time, Reuters and The Times of London both reported that according to unnamed British ‘public officials’, the delays were being caused by the difficulty and cost of obtaining insurance for the gold shipment back to Venezuela, and also due to “standard measures to prevent money-laundering“.

    • On January 31, 2019 at 7:21 am,
      OOTB Jerry says:

      In a short space of time, the Bank of England reputation’s as an impartial and safe location for the storage and trading of gold looks to have been irreversibly damaged.

      • On January 31, 2019 at 7:22 am,
        OOTB Jerry says:

        article from Bullionstar

        • On January 31, 2019 at 8:03 am,
          OOTB Jerry says:

          GOLD SHOULD BE Going higher>>>>>>>>>>>

    • On January 31, 2019 at 7:56 am,
      Ebolan says:

      I’m sure Nimrata could give an hour speech on it…but it’s going to cost…$200,000 plus private jet…either an advanced or deferred bribe…

    • On January 31, 2019 at 8:21 am,
      OOTB Jerry says:

      The cops have a harder time targeting the leaders, when mask are worn……
      And the snipers have been targeting the leaders………….

      • On January 31, 2019 at 10:01 am,
        Ebolan says:

        You hear what that Chris Martensen said to Greg Hunter about what the French police are doing to the Yellow Vests? Some brutal stuff…

        • On January 31, 2019 at 11:17 am,
          OOTB Jerry says:

          Yes,……that was my point above…….

        • On January 31, 2019 at 11:19 am,
          OOTB Jerry says:

          MSN….in USA will not cover the story…

  11. On January 31, 2019 at 8:43 am,
    spanky says:

    Can someone please explain why the USD isn’t 20% lower than current levels??? What the hell? It can’t even be “buy the news” type action since it barely sold off from its peak a month ago. I don’t expect another 2013—yet, but c’mon! USD should be dropping like a rock!

    • On January 31, 2019 at 10:21 am,
      Matthew says:

      It’s just a reflection of the weak euro. In real terms (best measured with gold), the USD has dropped significantly over the last several months.
      Just a few years ago, almost no one would have thought that we could see 1320 gold with the USD at 95+ (but I did try to explain why it was easily possible!).

      We’re better off watching just the gold price or the buck priced in gold.
      UUP:GLD weekly:

  12. On January 31, 2019 at 9:00 am,
    OOTB Jerry says:

    Dang spanky…………everything is rigged… already know that…..and it is a JOKE…

  13. On January 31, 2019 at 9:01 am,
    CFS says:

    why is USD lower? ALL markets are rigged.

    Traitors to the country: Bill Priestap, Dana Boente, and Andrew McCabe.
    Remember these names.
    Truth will be coming out from IGs Office.

  14. On January 31, 2019 at 9:03 am,
    CFS says:

    By the way, Hell (in MI) froze over this morning. At -17F

    • On January 31, 2019 at 9:06 am,
      OOTB Jerry says:

      Indy going to get a heat wave this week end……. +60F…..

      • On January 31, 2019 at 9:07 am,
        OOTB Jerry says:

        Hell of a swing……..down -20 up +60

        • On January 31, 2019 at 10:49 am,
          Ebolan says:

          Global Warming to the rescue! 🙂

          • On January 31, 2019 at 11:20 am,
            OOTB Jerry says:


  15. On January 31, 2019 at 9:11 am,
    OOTB Jerry says:
    • On January 31, 2019 at 9:12 am,
      OOTB Jerry says:

      n a move sure to unleash fury from the Trump administration, the European Union has announced it has set up a transactions channel with Iran to bypass US sanctions. The launch of INSTEX — or “Instrument in Support of Trade Exchanges” — by France, Germany, and the UK will allow non-dollar trade with Iran and is being described as facilitating humanitarian goods-related transactions only, including food, medicine and medical equipment

      • On January 31, 2019 at 9:13 am,
        OOTB Jerry says:

        Long anticipated, Thursday’s EU announcement marks the most concrete action Europe has taken to thwart Washington sanctions after the US pullout of the 2015 nuclear deal last May, and after SWIFT caved to US pressure.

  16. On January 31, 2019 at 9:21 am,
    OOTB Jerry says:

    From Sinclair papers……..

    Would you not call the dems efforts here a coup against an elected official?



    I’m certainly not privy to the inner workings of this political mayhem, but one thing I do know…..Guaido was NOT elected.

    Is this just another a coup d’état?

    A coup by any other name is still a coup.

    At stake:

    Massive oil fields and the world’s largest gold reserves, both coveted by the west, and currently being developed by Russia and China from what I understand.

    CIGA Wolfgang