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Tag Archives: FOMC

The Fed Grows Concerned – Should Gold Investors Do the Same?

The Fed released the minutes from its last meeting yesterday. What can we learn from the new light they shine on the U.S. monetary policy? How will it affect the gold market? Minutes Show That FOMC Members Are More Worried Now The minutes from the Sep FOMC meeting show that the Fed is more worried about the economy. The Committee members noted that downside risks had become more pronounced due to the increased trade conflicts, more intensified geopolitical uncertainty, and more fragile...

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It’s A FOMC Day! Again!

A Pfennig For Your Thoughts September 18, 2019 *Currencies get off the mat, but the gains were small! * Chuck dives into his knowledge of Oil… (it won’t take long! HA!) Good day… And a Wonderful Wednesday to you! Well, the team that can’t hit, proved once again last night that their lack of hitting causes losses! UGH!, But another day off the calendar, and my beloved Cardinals still hold a 2 game lead on both the Cubs and Brewers… The Cardinals, and their inability to hit the ball, will face...

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Hurry Up and Wait for the Fed: SchiffGold Friday Gold Wrap July 26

Markets are basically in “hurry up and wait” mode as they anticipate the Federal Reserve FOMC meeting next week. Will the central bank cut rates as anticipated? Or will Powell and company surprise everybody?In the meantime, there was some interesting economic and market news to digest this week. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the European Central bank meeting and the continuing surge in silver prices. He also looks ahead toward the next week’s Fed...

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Out of Patience! Fed Sets the Table for Rate Cuts

It looks they’ve run out of patience at the Eccles Building.The Federal Reserve Open Market Committee wrapped up its June meeting yesterday leaving interest rates unchanged. But the talk coming from the central bankers was decidedly dovish. Patience was not in the Fed’s vocabulary. Instead, Powell and company talked about “uncertainty” and said they would “act as appropriate to sustain the expansion.”As Peter Schiff said in his podcast, the table is now set for a rate cut in July.[embedded...

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Peter Schiff: The Fed Is a Lot More Dovish Than It Admits

The Federal Reserve Open Market Committee meeting wrapped up yesterday with Fed policy still in neutral.As expected, the FOMC left interest rates unchanged and seemed to indicate it doesn’t plan to do anything at all in the near-term. Jerome Powell’s comments dampened expectations that the central bank might move to cut rates in the coming months.The committee is comfortable with current policy stance. Don’t see a strong case for a rate move either way.”Most took Powell’s comments to be...

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No Pain No Gain: It’s Best To Prepare For Pain this Week In Gold & Silver

This is the week where both fundamentals and technical data dumps can have an effect on the cartel’s ability to smash the price of the metals. Meaning they will be able to strong arm gold and silver with ease. Let’s recap the fundamentals for the week. On Wednesday the markets are closed for Fourth of July. With markets closed on Wednesday, the cartel loves smashing around market holidays. Thanksgiving and Christmas are prime-time holidays for smashing too. Something...

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Peter Schiff: The Fed Is Going to Destroy the Dollar

The Federal Open Market Committee released the minutes from its May meeting yesterday. Most analysts characterized the Fed minutes as more “dovish” than expected. The FOMC hinted that it will continue its gradual pace of raising interest rates, with a June increase likely. But it did not give any indication that it might push rates up faster. The minutes also reiterate that the Fed may allow inflation to creep above the much ballyhooed 2% target.Peter Schiff talked about the FOMC minutes...

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Could the Fed Go Dovish?

The Federal Reserve opens its March Open Market Committee meeting today. Most analysts say there is a 100% chance for a rate hike during this go-round. Overall, there is a decidedly hawkish attitude when it comes to the Fed. The real debate right now revolves around whether the central bank will hike three or four times in 2018.But Peter Schiff said in his most recent podcast he isn’t certain about all of these rate hikes.The fact is I’m still not 100% sure the Fed is going to hike on...

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FOMC Meeting: Yellen Follows Her Script

The December Federal Open Market Committee meeting went pretty much according to scrip.Analysts widely expected the Fed to raise rates by .25. It did. Analysts also expected the Fed to signal three more hikes in 2018. It did that too.Gold went up, as we said it probably would, hitting a one-week high in the wake of the rate hike as investors “bought the fact.”This was the fifth rate hike over the last two years. The current interest rate now sits in a range between 1.25 percent to 1.50....

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Gold & Silver Looking Strong Going Into FOMC Day Despite That Pesky Problem

On the fundamental side, today could be a very big day. Is the house going to release their tax plan today? What is the Fed going to put in its FOMC statement due to hit the tape at 2:00 p.m. EST? Are we going to get another terrorist attack? With all the uncertainty, the “fear” barometer doesn’t even care: Unbelievable that the VIX has gaped down. Of course, the Fed wouldn’t want any eyebrows raised going into the...

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