Market Sentiment shifting

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2 months 3 weeks ago #122042 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
Sounds like the Fed puked today and changed course

The Federal Reserve said it will be “patient” on any future interest-rate moves and signaled flexibility on the path for reducing its balance sheet, in a substantial pivot away from its bias just last month toward higher borrowing costs.

In a separate special statement on Wednesday, the Fed said it’s “prepared to adjust any of the details for completing balance sheet normalization in light of economic and financial developments.” The central bank also said it would be ready to alter the balance sheet’s size and composition if the economy warrants a looser monetary policy than the federal funds could achieve on its own.

It’s hard to read this anything other than the Fed has capitulated to the market,” said Michael Gapen, chief U.S. economist at Barclays Plc. “The market will read this as they’re done with the hiking cycle and that a halting in the balance sheet runoff is more likely than another rate hike.”

www.bloomberg.com/news/articles/2019-01-...ce-sheet-flexibility

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3 months 1 day ago #121973 by lynnsa10
lynnsa10 replied the topic: Market Sentiment shifting
Good interview with Skarica

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3 months 1 week ago #121893 by lynnsa10
lynnsa10 replied the topic: Market Sentiment shifting
Very good interview on Gold and economy with Sprott and Rickards

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4 months 1 day ago #121759 by GoldnBoy
GoldnBoy replied the topic: Market Sentiment shifting
looks like nobody wanted to be long for the weekend

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4 months 1 week ago #121727 by Gambler
Gambler replied the topic: Market Sentiment shifting

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4 months 2 weeks ago #121688 by RonS
RonS replied the topic: Market Sentiment shifting
Looks like market pressure increasing, is looking like today is the day we break to the upside

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4 months 2 weeks ago #121675 by RonS
RonS replied the topic: Market Sentiment shifting
That last break, gold ended up down before end of day so did not break the $1240, we are up against it again today at $1238, so am keeping a close watch

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5 months 1 week ago #121491 by DearJohn
DearJohn replied the topic: Market Sentiment shifting
Nice interview with John Hathaway

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5 months 2 weeks ago #121451 by Gambler
Gambler replied the topic: Market Sentiment shifting
Quite a drop in US$ yesterday, good for Gold +$20, see if we get weak employment numbers - might cause US$ to fall further

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5 months 3 weeks ago #121430 by RonS
RonS replied the topic: Market Sentiment shifting
Today December gold broke above $1240, we should see continued rally to around $1275

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6 months 2 weeks ago #121256 by alexgreat
alexgreat replied the topic: Market Sentiment shifting
Good interview here with Sprott

stockhead.com.au/resources/words-of-wisd...nvestor-eric-sprott/

Mr Sprott also pointed to how much silver is traded each day.

“Silver trades 500 million ounces a day, we mine about 860 [million ounces each year],” he explained.

“We’re trading 60 per cent of the world’s yearly production every day. Why do we trade that much when everyone hates it anyway?”

Mr Sprott did, however, concede that gold has had a bit of a bad time since 2011.

“Every time you read something, something fatalistic is going to happen to gold and silver,” he said.

“Not that it hasn’t by the way for the last six years okay, it has. Ever since 2011 it has been kind of a tough road. There are good times and there are bad times in the gold business.”

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6 months 2 weeks ago #121199 by alexgreat
alexgreat replied the topic: Market Sentiment shifting
Monday, October 1, 2018

www.marketwatch.com/story/bank-of-nova-s...a-charged-by-cftc-wi ...

The Bank of Nova Scotia was charged by the Commodity Futures Trading Commission with multiple acts of spoofing in gold and silver futures between June 2013 and June 2016. Traders placed orders to buy or sell precious metals futures contracts with the intent to cancel the orders before execution, the CFTC said.

The CFTC fine was $800,000, as the CFTC said the penalty was substantially reduced because the bank reported the conduct to the agency.

* * *

Far from criticizing the bank, the CFTC's announcement yesterday about the misconduct actually praises the bank for having reported the misconduct itself:

cftc.gov/PressRoom/PressReleases/7818-18

The CFTC's enforcement director, James McDonald, says:

"This case is another great example of the significant benefits of self-reporting and cooperation. We expect market participants to take proactive steps to prevent this sort of misconduct before it starts. But, as this case shows, there is a strong incentive for market participants to quickly and voluntarily report wrongdoing when it is discovered and cooperate with our investigation, as the Bank of Nova Scotia did here. In recognition of its self-reporting and cooperation, the commission imposed a substantially-reduced penalty."

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