Post by
FastTrade on Dec 07, 2022 5:25pm
Fed-speak day by day
Gold's up some, then its down some, then its up some, then down some, then up a little again.
Fed chair Powell has been talking out of both sides of his mouth the past couple weeks.
Soft talk, then hard talk and back and forth.
When he talks his soft talk on lnflation and interest rates (easing) gold rises in tandem. When he goes back to his tough talk on inflation and interest rates (tightening) gold drops in tandem.
Hence the back and forth Fed-talk the last few weks or so and the up and down see-saw effect with the POG.
What better indicator of where the POG is going to go than to just listen to this clown.
This double-speak will only go so far before the Fed loses all credibility with mainstream investors.
As i said it would, its starting to now.
Know this, the Fed is going to lose the inflation battle. The Fed will opt out and do a hard pivot into the next full out easing cycle. They will to to bouy a flagging economy in 2023 and there won't be any more POG ups and downs over the Fed's every single word as is the case now.
Then we will see an upward trajectory with gold being bought up by the mainstream of investors with inflation soaring, and the dollar tanking with the Fed relegated to redundancy.
Its been said by some hard numbers calculating economists the November CPI will be higher than the October CPI .
With inflation likely higher in Nov. over Oct. ... , watch the Fed tighten up, talking tough on inflation and interest rates some and the POG subsequrntly dipping again for a while with it.
The Nov. CPI will be out shortly and we shall see in all depending on the latest CPI figure.
Comment by
Jetstream1281 on Dec 07, 2022 5:51pm
Gold has recovered what losses it took over the year and is looking to break out. These stocks will follow suit soon enough....this next year should be a good one!!!
Comment by
Whatamidoing1 on Dec 07, 2022 7:55pm
Ya, I'm still waiting for those .095 shares to come. lol anything merrythong?