Posted on 05/07/2014 1:08:09 PM PDT by Olog-hai
Gold is falling after Federal Reserve Chair Janet Yellen gave an upbeat assessment of the U.S. economy and said that inflation remains low. […]
Yellen’s comments suggest that the Federal Reserve is set to continue reducing its economic stimulus, lessening the threat of rising prices. Investors typically buy gold as a hedge against inflation. …
(Excerpt) Read more at hosted.ap.org ...
I’m telling William Devane and Glenn Beck.
God, I wish I had extra funds! Sounds like a good time to buy.
I guess the help buys her groceries then...
She’s creepy and doesn’t look “right” out of her owl like eyes
Inflation is low? Sure, if you don’t count food, clothing, motor fuel, electricity...
There is absolutely no inflation if you do not count energy, food, housing, or anything delivered by a truck, train or plane (all run on fuel, which of course is rising). So it is those things which are not rising in price.....cannot think of anything which fits the bill but if someone can think of something, please post it!
>>>>Janet Yellen gave an upbeat assessment of the U.S. economy and said that inflation remains low
Last month price difference here in LEFT Coast
Milk per Gallon is now $3.59 from $3.19
Honey roasted peanuts $3.99 from $3.49
Raw Almonds $4.99 from $3.99
One Lime $0.69 from $0.25
Gas $4.24 from $3.75
The federal reserve will fix that by printing a couple hundred billion dollars.
You’re correct of course.
And the regime’s solution will be to raise EBT payments.
“..Yellen gave an upbeat assessment of the U.S. economy and said that inflation remains low..”
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Economy? What economy? We have not had one for over six years. More lies. Strange she did not mention the price of food, education, other goods and services including MEDICAL CARE!!!!!!!!!!!!!!!!!!!!!
There’s no inflation but my concealed carry permit
which cost $35 five years ago, now costs $80.
Not to mention a box of .22s now costs $10...
There is absolutely no inflation if you do not count everything you have to buy to live.
I understand what motivates the government to lie, but I do not understand why so many accept obvious lies so easily.
It does explain how so many bad things have happened in the past. People are stupid and pathetically gullible as well as self serving and greedy (greedy in the sense of wanting something for nothing and a piece of what others produce).
Well, we have sold our economic souls and the accounting is not far from coming due.
Oh noes! I’d better sell my gold for Yellen bucks. Woe is me.
Yellin is a lying commie
If you don’t count food, energy, health insurance and stuff I guess
I’m starting to change my opinion on gold. Because of rising US oil production, I don’t think there’s a bullish case to be made for gold because of USA economic weakness or dollar weakness. USA annual oil production increases of 1 million barrels a day—shift capital flows around the world and fundamentally shift world wide perceptions about the future of the USA. This change is as big as the change brought by the Saudis when their giant CHEAP! (as in $.25-.50 @ barrel)production leaps of the late 60’s and 70’s killed US production (which had been rising steadily since wwII.)
Something else is going on in gold. There are three things that have happened recently.
the chinese have moved their port of entry for gold from hong kong to bejing. The result of this move will be that no one will know how much gold they have been purchasing. last year they purchased record amounts. Only a tiny fraction of chinese central bank reserves are currently in gold. US central bank gold reserves represent something like 60 percent of the central banks reserves. for china the last posted reserve was 1 percent. They’ll want to raise that number considerably—especially as they want to get out of their dollar reserves. (rising US oil production tends to force the dollar up—so a rising dollar discourages central bankers from ditching their dollars for gold.)
deutche bank pulled out their gold program. News is that their seat wasn’t worth much. this suggests that a seat that was once lucrative but is no longer—means that a trade is going to be ending.
another biggie. there is talk of some of the biggest gold miners merging. why now?
well the gold price is thought to be manipulated by several players including both the central banks and the gold miners.
If the shorting of gold were to end because of a rising dollar—then gold would respond more directly to supply and demand pressures — and gold would rise —especially because of the large demand from china. The chinese have been relying on western banks to hold down prices —something they won’t be able to do if western banks stop shorting gold.
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