As expected, here come the first two doves “explaining” the reasons behind Bernanke’s taper surprise last week: DUDLEY SAYS FED MUST ACT ‘FORCEFULLY’ TO PUSH AGAINST HEADWINDS DUDLEY: MAY TAKE CONSIDERABLE TIME TO REACH 6.5% JOBLESS LEVEL DUDLEY SAYS ECONOMY STILL NEEDS `VERY ACCOMMODATIVE’ POLICY And Lockhart adds to the chorus: LOCKHART SAYS FED FOCUS…
Zero Hedge
Federal Reserve, FOMC, Gold, Investing, Silver, Zero Hedge
JP Morgan Says “Buy Gold”
by click4silver • • 0 Comments
JPMorgan On Gold: This week’s surprise by the Fed in not tapering their asset purchases led to a 5% rally in precious metals. In our view, the main driver of gold’s performance over the past five years has been QE. Following the 2008 crisis, the unprecedented expansion of central bank balance sheets led to fears of…
Gold, Silver, Zero Hedge
Bank of America: Bearish Precious Metal View Was “Incorrect”
by click4silver • • 0 Comments
Yesterday it was Goldman capitulating [5]on their near-term gold, er, capitulation reco (expectedly so after gold ripped over $75 in the span of 24 hours). Now, it is Bank of America’s turn to close their silver short. To wit: “The Wednesday Bullish Candlestick formations (Bullish Engulfing Candles) in gold and silver say that our bearish view on…
Federal Reserve, FOMC, Investing, Market Manipulation, Stock Market, Zero Hedge
The Fed Taper Playbook In 2 Simple Charts -Zero Hedge
by click4silver • • 0 Comments
By Tyler Durden Created 09/17/2013 – 17:21 As we previously noted, it would appear – unlike the exuberance in the market – the ‘taper downside risk’ is very much in equity markets rather than bonds [4]. Today’s aggressive equity and credit hedging and bond stability perhaps signal more apprehension than a rallying volumeless equity market might suggest but if…
Federal Reserve, FOMC, Investing, Stock Market, Zero Hedge
Zero Hedge: Yet Another “Most Important FOMC Meeting Ever” Begins
by click4silver • • 0 Comments
Overnight trading started with Asian markets continuing where yesterday’s S&P 500 fizzle ended, wishing Summers could withdraw from Fed running again, as both the Nikkei and SHCOMP were well lower by the close. Perhaps all the easy multiple-expanding, headline-driven money is made, or perhaps economic fundamentals will finally start having to justify a 17x multiple…