Australia's largest stock trading and investment forum Australia's #1 stock forum

GOLD

Click for more information

0.51%

$1,391.7 gold futures

The theme: "Debt doesn't matter. We can add heaps more debt AND...

First 42533 Last

Share
Profile

Follow
23skidoo

2,731 Posts.

107

01/03/18

10:36

Post #: 31442119
Share

Originally posted by trent3727 ↑

GDP numbers coming out 830 am yank time . the US dollar is very very close to a breakout point , so far the the markets have ignored all the negative economic data and have chosen to follow the who im going to call the "pied piper" fed chair Jerome Powell , listening to hes optimistic forecast on the US economy and the fact hes going to raise rates despite the fact that while he was speaking the Atlanta federal reserve took their Q1 GDP number their estimate for 2018 down from 5.4% GDP growth down to 2.6% in only two weeks , yet the market shrugged off the Atlanta federal reserves estimate, go figure ?

gold has been surprisingly strong , now what we need is a mess from those GDP numbers coming out in the morning yank time , if we get a big miss on that number you can bet the markets going to call BS on J.Powell's testimony yesterday .

now the dollar is up and gold is up one of these two are going to win out because they will not trade in tandem for much longer .

Expand

The theme: "Debt doesn't matter. We can add heaps more debt AND we can raise interest rates into this debt, however high it is. Heck, this is the US of A. We can have our cake and eat it too. Any Ol' time."

OK. Let's see.....
23.
2 Upvote

0 Great analysis

Reply

Top Stories

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

What's causing the cost-of-living crisis, and how to navigate it

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

There are more pages in this discussion • 87,017 more messages in this thread...

First 42533 Last

Add GOLD (COMEX) to my watchlist