Posted on 12/30/2014 7:18:57 AM PST by blam
Tyler Durden
12/30/2014
USDJPY has tumbled overnight back below 119.50, dragging stocks (equity futures now at session lows) and Treasury yields with it. But it appears the Gold/Yen trade that is reacting most significantly as a huge volume flushes through futures markets spiking Gold back above $1200...
(snip)
(Excerpt) Read more at zerohedge.com ...
does that mean i can get a lower rate on the mortgage for the house I’m gonna buy?
RE: Treasury Yields Tumble
It looks like investors world wide are plowing money into USD denominated bonds.
RE: does that mean i can get a lower rate on the mortgage for the house I’m gonna buy?
Is your mortgage FIXED or VARIABLE?
I saw that trade setting up right at 1184, and the setup was so perfect, so textbook, I could not believe it was actually happening even though it was occurring right in front of my eyes. That was almost 20 handles in 15 minutes. Beautiful, stunning, work of art. You make that trade, you quit for the day.
Gold at $2k/oz by this time next year?
It’s on a proposed mortgage - and it will be fixed.
But but - the radio ads wanted us to believe it was going up to 2,000!
(I don’t believe anything on any ad)
RE: It’s on a proposed mortgage - and it will be fixed.
OK, here’s my two cents worth... if you can fix it, FIX IT. At least rates are still low now and your payment schedule wil be predictable.
The Feds are going to rein in Quantitative Easing and they’ve already said they will, albeit slowly and deliberately. This means interest rates will go up sometime next year, which means that if you have a floating rate, your payments will go up.
That’s the way I see it.
Personally, I don’t think the metals do anything whatsoever of interest. And I own some, lots more phys silver than gold. And I very often trade some of the stocks/instruments. But I could not be more neutral on PMs. Honestly, I think they do absolutely flaming nothing for ....a long time. Years. I’m neither a seller nor a buyer, what I own I consider dead money and fortunately I don’t much need it.
I *do* think one can trade NUGT and DUST fairly easily and make money. I don’t think that one can trade the metals economically because the movements will be so small that they can’t overcome the punitive spreads on the phys. If you or someone wants to own the phys, by all means, buy whatever makes you happy or serves your sense of the end of the world. But I don’t think anyone can make money on the phys unless they work in huge qtys or trade futures or etfs.
That’s my .02
is gold going to end the year in the positive? Currently 0.80% up from last year
I would guess these are investors covering their shorts before year end.
I just checked my gold mutual fund holding and it has tanked. As soon as it comes back up, I am cashing it in. I thought a gold mutual fund would be safe and stable.
Goldbug ping.
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