Gold Most Oversold Since 1985 As Debt Ceiling Looms

[Silver2012]

Source: http://theshortsideoflong.blogspot.co.uk/2013/10/gold-most-oversold-since-1985.html

Discussion:

[youtube]http://www.youtube.com/watch?v=dnIPWTjW1xA[/youtube]

IMO the debt raise will see gold and silver sell off, but after the FOMC meeting to "not taper" in October, the metals will rise back up.

 

[Caput Lupinum]

Each month the Fed decides it won't taper they'll continue to suggest a taper the next month to keep gold in its place.

 

[1for1]

Each month the Fed decides it won't taper they'll continue to suggest a taper the next month to keep gold in its place.

Correct - even though they are addicted to Keynesian economics and only have one play which they will stubbornly keep trying .. reminiscint of ww1 british over the top tactics.. try the same thing again and again hoping they wont expect it thinking we are too dumb to expect a repeat of the same FAILED Tactics.. do we have a psychopath in control?

dumb dumb dumb dumb.. no offence to those who are dumb (unless you are dumb and Keynesian)

1for1

 

[Guest]

Each month the Fed decides it won't taper they'll continue to suggest a taper the next month to keep gold in its place.

Correct. They'll never taper despite the fact that they'll always say they will.

 

[tolly_67]

Never say never.
The Fed are not stupid regardless of what you read here.....they know that when interest rates start to move higher they will be lumped with rapidly depreciating swill....ie all the bonds they have purchased.....even they can work that out.....
I believe that the talk of tapering is a prelude to the taper itself....once they talk about it, it eventually happens...a gradual taper of course but a taper nonetheless.
They are simply preparing the market for the inevitable

 

[Stark]

It's similar as here. Few months ago our politicians were saying that famous "troika/trinity" (EU Commision, Infant Mortality Fund and European Central Bank) is some bad monster. Now when it seems that its "arrival" it's inevitable they are saying it's something good.

When it comes to politicians and government people don't bet that what they were saying few months ago it won't happen, it will.

It's everything about PR.

 

[doomsday surprise]

Never say never.
The Fed are not stupid regardless of what you read here.....they know that when interest rates start to move higher they will be lumped with rapidly depreciating swill....ie all the bonds they have purchased.....even they can work that out.....
I believe that the talk of tapering is a prelude to the taper itself....once they talk about it, it eventually happens...a gradual taper of course but a taper nonetheless.
They are simply preparing the market for the inevitable

So who is going to buy useless American debt when the fed decides to sell their bonds?

 

[mmissinglink]

There are always plenty of suckers to buy crap...human nature dictates this behavior.


.

 

[tolly_67]

Never say never.
The Fed are not stupid regardless of what you read here.....they know that when interest rates start to move higher they will be lumped with rapidly depreciating swill....ie all the bonds they have purchased.....even they can work that out.....
I believe that the talk of tapering is a prelude to the taper itself....once they talk about it, it eventually happens...a gradual taper of course but a taper nonetheless.
They are simply preparing the market for the inevitable

So who is going to buy useless American debt when the fed decides to sell their bonds?

It is in all probability unsellable....this is not unknown to the Fed....this is why tapering is going to happen eventually

 

[Yippe-Ki-Ya]

yeh the Fed are Gods - just like the Au government!

they can keep defying the laws of mathematics for centuries to come

 

[Guest]

The Fed are not stupid regardless of what you read here.....

Disagree. You can have an IQ of 180 but if your actions destroy the people and world you live in that makes you a stupid dumbass. Just like the folks at the Fed, all dumbasses.

 

[boston]

The Fed are not stupid regardless of what you read here.....

Disagree. You can have an IQ of 180 but if your actions destroy the people and world you live in that makes you a stupid dumbass. Just like the folks at the Fed, all dumbasses.

Unless that is part of the solution. Eugenics anyone?

 

[Guest]

The Fed are not stupid regardless of what you read here.....

Disagree. You can have an IQ of 180 but if your actions destroy the people and world you live in that makes you a stupid dumbass. Just like the folks at the Fed, all dumbasses.

Unless that is part of the solution. Eugenics anyone?

You're right, except, to be the enemy of mankind (eugenics people) is the hight of being a dumbass. Not too many people are aware that the general population is seen as animal scum, to be killed, poisoned and scammed however the Eugenics cult sees fit.

 

[pmbug]

One of the Fed's "hawks" - Dallas Fed Fisher says recent government shutdown / debt ceiling showdown has taken the taper off the table for the time being:

Federal Reserve Bank of Dallas President Richard Fisher, who has consistently called for reducing record stimulus, said fiscal discord has undermined the argument for tapering the Fed's $85 billion in monthly bond purchases.

Talk of cutting bond purchases has "all been swamped by fiscal shenanigans," Fisher told reporters today after a speech to the Economic Club of New York. He will hold a vote on monetary policy next year.
...

http://www.bloomberg.com/news/2013-...ord-weakens-argument-for-tapering-fed-qe.html