SilverCrest Mines Inc SVLC

RE:RE:RE:RE:Short Queeze Beginning?

[pvandeloo]

Basically she is worried about infaltion not being HIGH ENOUGH! Even though the official inflation rate is already above the 2% target. She will continue to downplay inflation or state that high inflation is an advantage. Now she is starting to only look at the CORE CPI, which does not include energy and food. If that rate is at 2% the core CPI might be at 3% etc. And even if it is at 3% she will say that its no problem. So basically, its inflation inflation inflation as far as the eye can see. Obviously in the realy world these numbers are too low. The shorts who were betting on rate hikes now have to cover their asses.

Quotes from Yelen:

"Inflation has continued to run below the Committee’s 2 percent objective," (downplaying of actual rate which is offically at 2.1% already)

"and the Committee remains mindful that inflation running persistently below

its objective could pose risks to economic performance" (if it is a risk higher inflation than target say at three percent will be of no concern...but sold at benefit)
 

Thus Steve Liesmans great question (who would have thought):

"Is every reason to expect, Madam Chair, that the PCE inflation rate, which is followed by the F

ed, looks likely to exceed your 2016 consensus forecast next week? Does this suggest that the Federal Reserve is behind the curve on inflation? And what tolerance is there for higher inflation at the Federal Reserve? And if it's above the 2 percent target, then how is that not kind of blowing through a target the same way you blew through the six and a half percent unemployment target in that they become these soft targets? Thanks."

YELLEN: "So, I think recent readings on, for example, the CPI index have been a bit on the high side, but I think it's --the data that we're seeing is noisy. I think it's important to remember that broadly speaking, inflation is evolving in line with the committee's expectations."

So basically Yellen is not concerned and we will see higher inflation rates which will be downplayed first (bit on the high side) and then sold as an advantage!