A Bernank Hat Contest

170
Thu, Sep 13, 2012 - 9:58am

With little else to do for the next 2.5 hours, we might as well have some fun.

Let's make this contest a little more subjective than those in the past. I'll pick three winners from all entries that most accurately describe what, if any, actions that The Fed announces today as well as predict the 5:45 pm EDT closing Globex price of both gold and silver. Feel free to lobby for yourself but I, as The Almighty and All-Powerful Turd, shall have sole discretion in determining winners and losers.

So, please use the comments section of this thread for your predictions. I will close this thread at 12:29 EDT so that no one can sneak in post-Bernank. In the meantime, try not to get distracted by the micro moves ahead of the Fedlines. All you are seeing this morning is algo/WOPR gaming of buy and sell stops. Ignore it unless the moves become $10+ in gold and/or $1 in silver.

And for your reading pleasure, I submit the link below. Sort of a rehash of many of the common themes here at TFMR but a good read, nonetheless.

https://theeconomiccollapseblog.com/archives/china-and-russia-are-ruthlessly-cutting-the-legs-out-from-under-the-u-s-dollar

OK, have at it. I'll be back with a new thread and full Turd-analysis after we see the Fedlines.

Have a fun day!!

TF

About the Author

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turd [at] tfmetalsreport [dot] com ()

  170 Comments

Kcap
Sep 13, 2012 - 9:58am
Patrancus
Sep 13, 2012 - 10:01am

Me too

Got up early this morn

Sep 13, 2012 - 10:01am
Swampfox
Sep 13, 2012 - 10:02am

Third?

Third? Doh! Not quite.

Irksome
Sep 13, 2012 - 10:04am

My guess

Open ended LSAP, 80 billion per month, of real estate instruments (and possibility of other types, but not initially), plus guidance of keeping interest rates low through 2015.

devilsindetails
Sep 13, 2012 - 10:04am

FOMC 9/13/12

- Extended ZIRP through 2015

- Pace of economic recovery is deteriorating

- No additional asset purchasing, but fed stands ready to take action.

tobydaniel
Sep 13, 2012 - 10:05am

Prediction

Fed keeps the option of easing and silver falls to 29.80 and gold falls to 1685.

psychofun
Sep 13, 2012 - 10:06am
agNau
Sep 13, 2012 - 10:08am

Answers:

1.) he will print, or maybe not. 2.) higher for both regardless of this afternoons close, or announcement specifics. Did I Win? I think I should........no matter, I am making winning purchases.

Sep 13, 2012 - 10:08am

And crude is on the cusp of

And crude is on the cusp of breaking higher and charging toward $101.

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

170 Comments on A Bernank Hat Contest

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Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

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