Pre Fedlines Open Thread

267
Wed, Sep 18, 2013 - 10:24am

Only about 3.5 hours to go before all the fun starts. Here's a thread to get you ready.

Just two charts so that we're all on the same page. Again, once we broke down last week and then closed below $1320, it became clear that a minimum downside was somewhere near $1270. Might we see that later today? I hope not but it's certainly NOT out of the question.

The main item of interest, though, is the obvious attempt to hammer price last evening. When this type of move is employed by The Forces of Darkness ahead of the news event, it's almost always a fakeout. Why? Because the bullion banks, as agents of the central banks, likely already know the outcome. By crashing price, they are attempting to draw in as many fresh Spec shorts as possible, into which they cover and BUY. We saw this identical pattern back on 9/5, the day before the latest BLSBS release. We'll see how it turns out this time but, I must tell you, last night's action makes me quite optimistic about the ultimate outcome of today's craziness.

One more thing...For subscribers, this weeks Access2Access event has been scheduled. It will be a webinar with Andy Hoffman of Miles Franklin. Just like last week, participants will be able to submit the questions and Andy will answer them live during the presentation. If you want to be a part of it, you can register by clicking here: https://attendee.gotowebinar.com/register/6634276493783303426

Have a fun day!

TF

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turd [at] tfmetalsreport [dot] com ()

  267 Comments

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Mr. Fix
Sep 18, 2013 - 10:45am

9

zman
Sep 18, 2013 - 10:43am

Taper

If the current QE programs around the globe (5 years now) haven't created that inflationary fear that all gold bugs all assumed, why does it really matter what policy the Fed does in regards to taper? The current QE policy is not inflationary, more of the same does nothing for the sector.

Maybe the more important question is, what "new" Fed policy could exist in the years ahead? Some policy that creates a increase in the velocity of money, that ends up being PM bullish.

As long as the BOJ, BOE, Euro zone, China and the Fed are all doing the same QE policy, the dollar is in no real danger on a relative basis, in fact it might stay the best of the worst.

ctob
Sep 18, 2013 - 10:40am

Shelter in place

Shelter in place! Its the taper, assume the position; put you head between your legs and kiss you ass goodbye.

Or not.

Eflact
Sep 18, 2013 - 10:38am

Turdth

I have never been a turdth before. A turd maybe, but not a turdth. I have to learn to type faster.

achmachat
Sep 18, 2013 - 10:35am

been a long time

...since open thread!

I am looking forward to where this will take us.

happy fedlines day!

Teach
Sep 18, 2013 - 10:31am

reposted...and Furth!

This guy has the credentials also, and some very interesting predictions...some good..some scary: https://bullmarketthinking.com/gold-trader-%E2%80%9Cthe-market-manipulation-has-begun-again%E2%80%9D/

Keep Stacking!

Teach
Sep 18, 2013 - 10:29am

reposted...and TURD!

https://usawatchdog.com/gold-backwardation-the-meltdown-of-all-meltdowns-karen-hudes/

I quite admire this woman's guts and candor. She has the credentials to be very believable as well. Keep prepping!

pforth
Sep 18, 2013 - 10:27am

First?

I've never been first before..

CC Horses
Sep 18, 2013 - 10:27am

uno

UNO NUMBER 1

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