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Crom Valen

44,246 Posts.

2012

13/03/17

08:05

Post #: 23290532
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Originally posted by Skol ↑

"I bought when it crashed, I had no idea about the company, so it was gambling more than investing, but after a look at SRX I'm sure this correction is way overdone, it's edging up, which is great news."
=========

Yep, I bought SRX when it crashed, a total gamble, but now blue sky's ahead, I'm up quite a bit. I'm pretty chuffed about that one, it's a damned good bet. I've got a trip to Asia coming up, maybe I'll spend the proceeds on high living and ritzy hotels.

But getting back to gold, I was assured by the goldbugs that Trump was going to sack the Federal Reserve starting with Janet Yellen, but then I read this in the news this morning.....

WASHINGTON (Reuters) - White House economic adviser Gary Cohn said on Sunday that the Federal Reserve "has been doing a good job" and the Trump administration respects its independence, even if the U.S. central bank raises interest rates this week.
Cohn, director of the National Economic Council, told Fox News Sunday that the Trump administration will keep working to reduce barriers to job creation no matter what the Fed does on interest rates.

"The Federal Reserve is an independent agency and they operate as such. They have their economic data, which they look at and they are trying to always modulate economic growth with inflation, with the work force," Cohn said. "I think the Federal Reserve has been doing a good job in doing that. The Fed will do what they need to do. And we respect the powers of the Fed."

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The Frederal Reserve will be doing a good job in Trumps eyes right up to the point that any data turns negative, then he'll turn on them with a vengeance.

Trump seemed to have a bromance going with Obama a while back, now he think he's a bad (sick) guy who wire tapped Trump Tower.
2 Upvote

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gold, page-25132

Top Stories

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

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EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

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