Post Tagged with: "FOMC"

Janet Yellen is deciding on a big move, and soon. Interest rates could be higher in January 2016.

Interest Rates Going Up in December’s FOMC

1 by / on 12/08/2015, 4:15 PM / in Today's Economy, Gold & Silver News

Interest rates could be going up, are we ready for that? Gold Market Snapshot Before we get to those exciting interest rates, let’s take a look to see what’s happening to Precious Metals Spot Prices for Tuesday, 12/08/2015 10:45AM Central Time: #GOLD PRICES TODAY $1073.7 +$1.7/0.16% #SILVER PRICE TODAY $14.19 -$0.11/-0.78% #PLATINUM PRICE S TODAY $853.7 -$5.8/-0.68% #PALLADIUM PRICE $548.4 -$4.2/-0.77% via […]

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Is This a Fundamental Shift in Precious Metals?

Is This a Fundamental Shift in Precious Metals?

by / on 10/24/2014, 6:59 PM / in Platinum & Palladium News

Precious Metals Market Recap – 24 Oct 2014 Here is a recap on the precious metals prices that are proving to be a buying opportunity for Gold and Silver, but especially for Silver. Volatility in the stock market is still being marketed as a growing economy, the #FED’s perceived language on raising rates as early as December is again up […]

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Assessing the Significance of the Italian Elections

Assessing the Significance of the Italian Elections

by / on 03/04/2013, 3:17 PM / in Platinum & Palladium News, Stock Market News

The recent Italian elections wound up in a very inconclusive result. In a political lineup of the three Bs–(no Chuck, not Biggio, Berkman and Bagwell)–Bersani, Berlusconi and Beppe, the Italian populace dealt a massive defeat to Brussel-appointed technocrat Mario Monti. The vox populi raised its voice against continuing austerity and will look to whatever government is formed to be one […]

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Notes From Underground: Central bank Poker–Three Checks and, Of Course, No Raises

Notes From Underground: Central bank Poker–Three Checks and, Of Course, No Raises

by / on 10/25/2012, 2:58 PM / in Today's Economy, Stock Market News

Yesterday, the Bank Of Canada surprised no one as Governor Mark Carney held rates steady at 1%. The BOC statement also maintained last month’s idea that “over time, some modest withdrawal of monetary policy stimulus will likely be required, consistent with achieving the 2% inflation target.” The Canadian dollar rallied on the news as it seemed that the market thought […]

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John Francis Welch, Jr.
November 19, 1935 (age 76)
Peabody, Massachusetts, U.S.

Notes From Underground: What Jack Welch Squeaks is Meaningless

by / on 10/08/2012, 2:11 PM / in Uncategorized

The tweet heard ’round the world is as meaningless as most of the other rubbish that passes for political discourse in the Grand Republic. It seems that Jim Cramer had it right from the beginning for traders and investors. The only thing that matters is how the markets accept the jobs data and what will its impact be on asset […]

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Treasury Secretary Shultz (back row, fourth from left) with the rest of the Nixon cabinet, June 1972 
- Wikipedia. Wikimedia Foundation, n.d. Web. 23 Sept. 2012. .

Notes From Underground: The Significance of the WSJ OP-ED Piece … “Magnitude of the Mess We’re In”

by / on 09/24/2012, 1:49 AM / in Today's Economy, Stock Market News

A an op-ed piece in last weeks WSJ created a great deal of buzz in the financial media. Appearing a few days after the aggressive move by the FED, the opinion piece written by five eminent economists–George Schultz, Michael Boskin, John Cogan, Allan Meltzer and John B. Taylor–criticizes the Bernanke Fed’s QE policy from many different aspects. It is not the […]

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Notes From Underground: Back To the Sixties–Output Gaps or Phillips Curves?

Notes From Underground: Back To the Sixties–Output Gaps or Phillips Curves?

by / on 09/21/2012, 3:05 PM / in Today's Economy, Stock Market News

The FED hounds were unmuzzled after last week’s FOMC and “The Line it Is Drawn. The Curse It is Cast.” Bob Dylan must have been anticipating the difference of opinion that is developing within the Federal Reserve bank. In a speech last night, Dallas Fed President Richard Fisher said: “There are many superb PHD theorists among the 19 members of […]

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Notes From Underground: The Yen Will Not Be the Sacrificial Lamb

Notes From Underground: The Yen Will Not Be the Sacrificial Lamb

by / on 09/20/2012, 12:20 PM / in Today's Economy, Stock Market News

And by the end of trading the YEN had reversed its initial weakness and wound up stronger–the 24-hour trading range was 79.20-78.25, with the settlement at 4:00 p.m. CST, 78.37. It seems that the market will not allow the BOJ (Bank of Japan) to do less than the ECB or the FED. BOJ Governor Shirakawa raised the asset purchase program to 80 […]

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Notes From Underground: FOR CHAIRMAN BERNANKE — WHEN DID MONETARY POLICY BECOME THE LABORATORY OF ACADEMIC THEORISTS?

Notes From Underground: FOR CHAIRMAN BERNANKE — WHEN DID MONETARY POLICY BECOME THE LABORATORY OF ACADEMIC THEORISTS?

by / on 09/14/2012, 2:15 PM / in Uncategorized

First, as I read the FOMC statement, it was painfully obvious that the impact of the Michael Woodford piece found willing adherents in the bowels of the Board of Governors of the Federal Reserve. The FED’s language: “IF THE OUTLOOK FOR THE LABOR MARKET DOES NOT IMPROVE SUBSTANTIALLY, the committee will continue its purchases of agency mortgage-backed securities …” Further, […]

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Notes From Underground: GERMAN COURT CONFIRMS, NOW FRIENDS WITH CONDITIONS, THEN BENEFITS

by / on 09/13/2012, 3:29 AM / in Stock Market News

The German High Court sustained the ESM but laid out that the BAILOUT FUND had to stick to its agreed cap (EU190 BILLION) and that as suspected any further moves to enhance the bond buying program would have to be decided by the BUNDESTAG. It sustained the position of Chancellor Merkel for the time being, thus it makes President Draghi’s […]

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