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$1,391.7 gold futures

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ktrianta

9,367 Posts.

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27/01/22

07:24

Post #: 59148293
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Originally posted by Crom Valen: ↑

Amazing waffle from Powell in his press conference. Basically they have kicked the can down the road and stalling for time until March and then they will look at it again. I still think he's got 'transitory' in the back of his mind and is hoping inflation will moderate somewhat so he can dumbass us all in March and do nothing again. He keeps talking about 'supply chain bottlenecks' yet you look at the price of oil and it's gone through USD 90 a barrel so that is a major driver of inflation right there.

Unless you say "we are raising rates today" then you are not raising rates, as March can roll around and you can find an excuse not to do it.

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Amazing how the US indices have all turned negative after being strongly positive all day.

A$ gold still holding around $2,560, but possibly more down side for our golds with HUI and GDX taking a hit.

Value at posting: $1,391.7
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