FOMC no rate hike: Gold, Silver, Miners Pop - stocks drop!
Negative rates rates presents another dilemma: a western financial system that is completely dysfunctional from over eight years of bombarding the western economies with ZIRP and money printing. At least most of the eastern hemisphere countries have Central Bank lending rates well above zero. China’s is 4.35%; Russia’s is 10.5%.
This blog unequivocally said three weeks ago, when the usual Fed clowns began their routinized interest-rate hike threat that the FOMC would whiff again. What the heck happened to today’s meeting be in “live,” John (SF Fed’s John Williams)? Now that the Fed balked once again at nudging rates 25 basis points closer to China’s overnight Central Bank lending rate, does that mean that today’s meeting was not “live?”
Interestingly, stocks were pushed higher overnight and gold was pushed lower. When I saw it at 5:30 a.m. EST, gold was down $7 from where it opened the overnight CME Globex electroning session (6:00 p.m . EST).
After the “not live” meeting was over and the results hit the tape, both gold and the stock market popped. But the stock market apparently saw through the transparency of Yellen’s smoke-blowing and interpreted another “dead” meeting to mean the economy is indeed dead. While gold ramped up toward $1300, the S&P 500 plunged 11 points in the last 28 minutes of trading.
I have been suggesting to my Short Seller’s Journal subscribers that the S&P 500 is starting to tip over – finally. I think there’s a better that 50/50 chance that the S&P 500 repeats the same kind of cliff dive it took in August 2015 and the beginning of 2016.
On the other hand, it seems that a lot of western money – wealthy individuals and smart hedge fund managers – are beginning to plow a lot of money into physical gold. Why? Because the price-movement of paper gold relative to the size of the Comex open interest is running in higher in defiance. This is something that has not occurred in the last 15 years and it’s caught a lot of market analysts wrong-footed.
Full article:
http://news-uncensored-fresh.blogspot.be/2016/06/fomc-no-rate-hike-gold-silver-miners.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).