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Gold price spike?
12/13/2023
Posted on 12/13/2023 4:40:41 PM PST by Mount Athos
Went up a few percent in 6 hours. I suppose it's "only" 3 percent and the end result is just recovering back to where it was a week ago. Still the upward spike seems unusual.
TOPICS:
KEYWORDS: gold; inflation; silver
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To: TexasGator
The Fed releases policy decisions (e.g. no interest rate chnane) and economic projections (e.g future stance) at 2pm. So the market can react even before Powell spells it out explicitly and adds nuance.
To: LegendHasIt
To: Chad_the_Impaler
“The Fed releases policy decisions (e.g. no interest rate chnane) and economic projections (e.g future stance) at 2pm.”
Like I said. But the Fed doesn’t issue projections.
Since everyone knew what the feds were to report at 2PM, why did the market rally at 2PM?
To: jimwatx
Someone here said utilities are way up too something that occurs prior to a big decline in the market.
Utilities often act the way bonds go. If today’s big stock market jump was due to interest rate drop in the near future, Utilities and bonds would go up. (Opposite of interest rate)
44
posted on
12/13/2023 6:27:18 PM PST
by
Reynoldo
(BurnLootMurder)
To: TexasGator
Q: Does the Fed release economic projections after their FOMC meeting?
Bing AI: Yes, the Federal Reserve releases economic projections after their Federal Open Market Committee (FOMC) meeting. In conjunction with the FOMC meeting held on September 19-20, 2023, meeting participants submitted their projections of the most likely outcomes for real gross domestic product (GDP) growth, the unemployment rate, and inflation for each year from 2023 to 2026 and over the longer run. Each participant’s projections were based on information available at the time of the meeting, together with her or his assessment of appropriate monetary policy—including a path for the federal funds rate and its longer-run value—and assumptions about other factors likely to affect economic outcomes. The charts and tables that summarize those projections are released shortly after the conclusion of the meeting.
To: Chad_the_Impaler
Members make their projections but that is not included in the 2 PM report and Powell absolutely stays away from projections.
To: TexasGator
Q: Did the Fed release a new dot plot today, and if so, when?
Bing AI:I assume you are asking about the Federal Reserve’s dot plot. According to the news search results, the Federal Reserve released its Summary of Economic Projections on Wednesday, December 13, 2023, which included a new dot plot. The dot plot revealed that the Federal Reserve officials now expect to start cutting interest rates three times next year.
I can add that I heard the commentators on CNBC talking about the new dot plot this afternoon.
To: Vermont Lt
Well, let’s see... my ammo has more than doubled in past few years, some by 5x. I can trade ammo almost any day and SHTF, I’ll be ammo will be even more valuable than gold. Where can you trade gold and how in small meaningful quantities? Lastly, I can use the ammo if need be, can you use your gold?
48
posted on
12/13/2023 7:48:48 PM PST
by
Reno89519
(It's war. No one murders and takes Americans hostage. Time to act. Declare war on Islamic Hamas.)
To: Reno89519
Take a breath, Commander…
Just hike bad do you think things are going to get? I think you might want to cool down a bit and consider what would be going on in the entire world for your fantasy to come true.
You should hike up into the hills and tell the militia to stand down.
49
posted on
12/13/2023 8:02:29 PM PST
by
Vermont Lt
(Don’t vote for anyone over 70 years old. Get rid of the geriatric politicians.)
To: Vermont Lt
What is your problem, or are you simply anti-2nd amendment? When looking at investment or whatever, what good is gold? Its price is not great, unless you bought back when it was $300-600. It's not going up much, definitely not compared to other commodities or valuables. And you have limited options to sell. Ammunition may seem odd to you but consider it is easy to trade or sell in small or large quanities, it has gone up many more times than gold, never goes down. (I have 22LR that I bought for $0.029 that I've sold and traded for $0.25 each; 7.62x39mm that I bought at $0.15 and can now sale for nearly a dollar each, etc.)
Maybe asked another way, why buy gold? Skip the historic value, when it was not very valuable and could be used almost like coinage. What is its value and usage today?
50
posted on
12/13/2023 8:27:06 PM PST
by
Reno89519
(It's war. No one murders and takes Americans hostage. Time to act. Declare war on Islamic Hamas.)
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