SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TheSlowLane who wrote (8514)2/23/2004 7:44:43 PM
From: mishedlo  Read Replies (3) of 110194
 
Lots of people were right on metals. Me included.
Where everyone continues to be wrong is that the FED will be forced to hike or whatever. Treasury bears have gotten killed shorting treasuries anticipating a breakout in yields.

The concensus of opinion is and remains
1) The FED will be forced to hike
2) The FED is worried about the US$
3) China and Japan will stop buying treasuries

adnausium
Treasuries are the most univerally despised investment on the planet, I have posted links showing how and why it is in Japans best interest to keep buying treasuries, and it is clear the market is happy when the US$ is falling. Now we have the threat of intervention on behalf of the ECB and everyone is yakking about the falling $.

Well IF the FED were to hike as everyone thinks, GOLD would be the last place you would want to be. For whatever reason a falling $ has been both good for stocks and gold, and as strange as it seems, eurodollars as well. That fact should have everyone standing up and scratcing their heads and asking why, but all everone does is sit back in union chanting the myth of the year "it's only a matter of time".

If this market starts going to hell It's only a matter of time before the next cut. And yes that should be good for gold. If you really think a hike is coming I would advise bailing on gold right now.

Mish
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News