Hi TM,
Yes the rebalance is in today's match for ASX listed miners, and overnight for the rest. Interesting thought re: Van Eck putting a squeeze on, but their funds are just mandated to follow the index. I don't really think it matters to them whether the price goes up or down, but I could be wrong.
To be honest I think gold is simply reacting to fundamentals. Yellen said herself in the speech that inflation has been persistently low and when quizzed about the future, she provide luke-warm responses...at best.
In terms of rate rises, she used the word "gradual about 50 times, but I don't see what is so gradual about 4 hikes in 12 months after 8 years of none. If there were any buds of inflation showing, there won't be for much longer. I would be staggered if there actually were 4 rises in the next 12 months, but can only play the ball in front of you.
I get why they've done it, but it's really a rock and a hard place decision. The writing was on the wall when Bernanke parachuted out.
Back to gold, I have no idea why it spiked yesterday. the initial reaction after a FOMC is often the wrong one. Perhaps it's big money trapping the momo crowd to liquidate into?
- Forums
- ASX - By Stock
- XSO
- The Brains Trust - 2015
The Brains Trust - 2015, page-14020
-
-
- There are more pages in this discussion • 301 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XSO (ASX) to my watchlist
(20min delay)
|
|||||
Last
3,125.0 |
Change
-20.200(0.64%) |
Mkt cap ! n/a |
Open | High | Low |
3,145.2 | 3,150.7 | 3,116.1 |
Featured News
XSO (ASX) Chart |