gold, page-4346

Hi 23Skidoo, and all,

“Ambiguous” I guess that’s one word for it!

Well I think it’s incredible that these people still think they have any credibility at all, they seem to think they can get the job done with jawboning alone.

Still I suppose it’s all just entertainment and it allows me to make a little money with my Gold shares, the RSG graph would make an excellent ski slope this week!

I can’t help wondering that when the inflation genie is finally out of the bottle will talking alone be enough to get him back in! Somehow past experience tells me no!

“Yellen was careful not to give any hints about the timing of a next rate increase, in contrast to a speech on May 27, when she said such a move would probably be appropriate "in coming months."

http://www.reuters.com/article/us-usa-fed-yellen-idUSKCN0YS142

Looks like similar jawboning tactic closer to home!

“Markets and economists are near-unanimous that interest rates won’t be reduced today, despite the benign outlook for inflation.”

http://www.*.com.au/rba-interest-rate-decision-preview-june-2016-6


Cheers and very best regards: Andy