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

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

First 105279 Last

Share
Profile

Follow
ktrianta

9,172 Posts.

218

27/01/22

07:24

Post #: 59148293
Share

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.

Expand

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
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 21,359 more messages in this thread...

First 105279 Last

Add GOLD (COMEX) to my watchlist