Ahead of Tomorrow's Fedlines

134
Tue, Oct 28, 2014 - 12:33pm

As the "markets" anxiously await the statement that will come tomorrow at the conclusion on the current FOMC meeting, here are some charts that show what has transpired in the six weeks since the previous FOMC.

The last bit of Fedlines came out following the previous FOMC meeting, which concluded on Wednesday, September 17. Stocks peaked two days later at S&P 2020 before falling nearly 10% over the next three weeks. They've since rebounded to nearly unchanged vs 9/17 levels.

Gold tanked to an early October bounce from 80 support and then rallied in the face of 37,000 new naked Cartel shorts. In the end, just like stocks, gold is nearly unchanged vs 9/17.

But the Big Winner, and the one we should likely be following most closely for clues, is the bond market. Following the last set of Fedlines, the 10-year Note was at 2.62% and The Long Bond was at 3.37%. As of right now, they are 2.28% and 3.05% respectively.

That's a pretty big move in just six weeks and doesn't even include the HUGE drops two weeks ago that were soon retraced. What did Old Mother Fellen say in last month's Fedlines that so spooked and rallied the bond market? I guess it all had to do with "considerable time". (https://www.zerohedge.com/news/2014-09-17/fomc-keeps-considerable-wealth...) Will that specific language remain in tomorrow's Fedlines? Who knows? Who cares?? Can you even believe that gold (and silver) have been reduced to having their daily fiat-conversion value dictated by a few words in a meaningless FOMC Fedline??? What a joke/farce this has all become...

TF

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  134 Comments

AC_Doctor
Oct 28, 2014 - 12:51pm

ZMAN makes me buy more silver!!!

ZMAN makes me buy more silver!!! I love him!!!

luv2stak
Oct 28, 2014 - 1:09pm

can't pass up a Second!

just habit...

hope the prices remain depressed for awhile so I can stak more!

Oct 28, 2014 - 1:36pm

more time?

I have a sneaking suspicion that we may have these low prices until something breaks, or they invent a new scheme (QE, ZIRP NIRP, Twist) to hold things together.

Cannot let investment demand return. But the fact that they must implement a radical program just to keep the economy alive is quite revealing about the future. The patient is not recovering, so I will continue prepping.

cashonly
Oct 28, 2014 - 2:03pm

The FED

Rickards sums it up best (posted by Daystar)

"Jim Rickards: We are in a depression. This is a global depression. It started in 2007 and it is going to continue indefinitely. Depressions are structural, monetary solutions are cyclical: you cannot solve a structural problem with a cyclical remedy - monetary policy will not work. What it could do eventually is cause inflation. So far people say: “Where is the inflation?...We printed trillions of dollars, there is no inflation”. That is because we would have had deflation, extreme deflation, but for the money printing. It did produce inflation to the extent that it offset the deflation… The world is in depression, we are not getting out of it."

How true, there has been no recovery. They cannot stop the money printing for long or the deflation from this depression will start the downward spiral. We are well past "KEYNESIAN", this is the end game playing out. Keynesian was Greenspan, Bernanke/Yellen are END GAME. They cannot stop the money printing for long or the deflation from this depression will start the downward spiral. How long can the FED create money until a hyperinflationary depression sets in is the only real question.

TPTB have 2 choices: deflationary depression or hyperinflationary depression. I would assume if you are a member of Turdville you are probably in the latter camp.

Marchas45
Oct 28, 2014 - 2:12pm

LMAO

If I know Zman he's Stacking also. He's no fool, he just has a different opinion. Zman don't forget the food. Keep Stacking

treefrog
Oct 28, 2014 - 2:17pm

sux

sex

zman
Oct 28, 2014 - 3:27pm

@cashonly

From Jim Rickards, "you cannot solve a structural problem with a cyclical remedy-monetary policy will not work" ...So far people say: "Where is the inflation? We printed trillions of dollars, there is no inflation."

I agree 100%, what the Fed does with QE means very little (more or not), it's not about monetary policy at this point, it's going to be about fiscal policy.

What have policymakers/Congress done in regards to fiscal policy any differently since the 2008 collapse? Nothing, that has to change for the PM market to resume its bull market.

benny_bomb_boom
Oct 28, 2014 - 3:46pm

perfect timing

as my monthly FRN allocation is set to arrive on Thursday. more metal same paper. winner winner. I have to save $$$ for the 15/12/9rrrs if they show. hearing that 16 is COST @ first majestic makes me feel good about continued accumulation here. while my friends and family members, those i trust like glue, continue to mock my foolishness in collecting these shinny discs, to myself i think about how good of shape i'm going to need to be in to get that treasure chest to shore if my vessel is attacked at sea! yippee

edited to add:

8th ~ smoke um if you got up

AlienEyes
Oct 28, 2014 - 3:51pm

@ zman

Music to buy PM's by.....

Olivia Newton-John - Physical
cashonly
Oct 28, 2014 - 4:01pm

@zman

There will NOT be a bull market in PMs, ever again. The system is so far gone that when the PMs finally break free from the chains of the paper market it will be a MOONSHOT!

This is not about congress/presidential acts or policies having an effect on PMs. This is about the end game whereby FIAT is now conjured up at will to stave off the deflationary spiral. The economic canary in the coal mine is the market and they keep it well inflated. The sentinel of fiat currency is GOLD and that barometer has been frozen by the paper market manipulations.

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

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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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