Published on Sep 21, 2013 James Bullard successfully sells markets on an Oct. taper. When will traders learn that it’s not what Fed officials say that matters, but what they actually do? It reminds me of Lucy holding the football for Linus. No matter how many times she assures him that she will hold the…
In the aftermath of more incredibly turbulent trading this week, today King World News spoke to the man who has been focused on uncovering sensitive government and market information for over 15 years. What he had to say will fascinate KWN readers around the world. Chris Powell covered everything from secret government agreements, to market…
by Michael Noonan of Edge Trader Plus Saturday 21 September 2013 The proverbial handwriting has been on the wall for quite some time. Lying Ben Bernocchio just sealed the fate of the already doomed fiat Federal Reserve Note, aka the “dollar,” along with the financial well-being of most unsuspecting Americans who will be unprepared for what is…
Published on Sep 19, 2013
The markets are rushing from one high to the next. But not everyone is euphoric. Gerald Celente, founder and president of the Trends Journal is giving a warning of the consequences of quantitative easing.
Having allowed a couple of days for the tidal wave of mainstream, post-“tapering” nonsense to subside; it’s now time to look at the facts, as once again The Boy Who Cried Exit Strategy got in front of microphones to say “just kidding.” At the time that B.S. Bernanke originally began his musings now known as “tapering”; it…
So far we have seen a little bit of short covering and muted euphoria in the markets, but I think that once participants realize that the Fed is not tapering, it will cast a terrible pall over what they see as the state of the economy, and I think we could see a fall in…
Published on Sep 19, 2013 Max Keiser and Stacy Herbert discuss the triangle of fraud in the housing sector and the policy of Icarus economics in which banks can’t crash soon enough because then they can get their bailouts from the taxpayer. In the second half, Max interviews Simon Rose of SaveOurSavers.co.uk about the George Osborne’s…
By Myra P. Saefong and Sara Sjolin, MarketWatch
SAN FRANCISCO (MarketWatch) — Gold futures rallied Thursday to score their best daily dollar and percentage gains since 2009 after the Federal Reserve’s surprise move to maintain its bond purchases.
December gold GCZ3 +4.64% jumped $61.70, or 4.7%, to settle at $1,369.30 an ounce on the New York Mercantile Exchange, their highest close since Sept. 9.
On a dollar and percentage basis, the gains were the largest for a single session sinceMarch 19, 2009, according to FactSet data, based on the most-active contracts. Interestingly, the gain that day was also Fed-induced. The daily dollar rise Thursday was also the third largest on record, based on FactSet data that go back to November 1984.
Silver SIZ3 +7.66% fared even better percentage wise, with its December contract shooting up 8%, or $1.73, to $23.29 an ounce, for its highest close in over a week. The daily percentage gain was also the largest since March 19, 2009.
Read the full article at MarketWatch.com
CNBC‘s Rick Santelli takes a look at the economic consequences of rising debt on the taxpayer. Transcript: the dow’s in a tight range. down about 17. let’s get to rick santelli exchange, over at the cme. hey, rick. hi, carl. we’re going to go fast, so buckle up. yesterday, of course, we saw ben bernanke kickin’ the can of normalization down the road.the day before,…
“QE to Infinity.” Infinity defined as the low .7000 on the USDX.
Every reason for gold’s decline from $1900 so accepted by the talking heads has gone SPLAT!
1. Sell gold because the dollar is strong. Yeah, on the downside.
2. Sell gold because the Euro is weak. It looks like the euro is going to be wearing its necklace of gold valued in the market in the 1.40s.
3. Sell gold because the US central bank is going to taper, which means tighten. That turned out to be totally foolish.
4. Sell gold because the US economy is going to improve. Yes, it is improving on the downside.
5. Sell gold because the stock market is going to break and take gold with it. Break to the upside is more like it as has all stock markets in similar liquidity situations.
6. Sell gold because the bond market is going to break wide open and take gold with it. Right now 10 year bonds look more like 2% or less than the 4% all the talking heads were predicting.
7. Now gold returns and exceeds it old high.
8. Now good gold shares put on bull markets.
9. Now the shorts in gold who were fat, happy and uncaring will pay the paper for the hubris.
10. Now the gold shorts in good gold company shares that are complacent in their positions will get the spiritual experience they well deserve.
11. Now the bull market in gold is far from over.
12. Now it is clear that those in the community that verballly hammered gold with their sub $1000 predictions in their writings repeatedly tried to help it lower. Now to the dickens with them.
Sincerely.
Jim
Source: Jim Sinclair’s Mine Set
Sept. 18 (Bloomberg) — Gloom, Boom & Doom Report Editor Marc Faber comments on the Federal Reserve deciding not to taper QE today. He speaks on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)
By: Katie Holliday | Writer for CNBC.com The Federal Reserve’s shocking decision not to taper, despite broad expectations for a $10-20 billion reduction of its monthly asset purchases, has reignited talk of a global currency war. Risk-on currencies like the Australian dollar, the euro and the British poundsoared in response, while the greenback dropped across the board. Now some analysts…
Ron Paul: Fed decision is a really bad sign Former Rep. Ron Paul, (R-Texas), on the Federal Reserve’s decision to continue purchasing bonds at a pace of $85 billion a month. Watch the latest video at video.foxbusiness.com
