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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 342.05+0.3%Jan 15 4:00 PM EST
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Boca_PETE
To: Boca_PETE who wrote (8189)6/20/2014 10:37:10 PM
From: ETF11 Recommendation   of 10065
 
ETF1, Do you think the GLD spike is a reaction sparked by global perceived implications for global supply-demand of oil that could arise out of the disintegration of IRAQ?

P

++++++++++++++++++++++++++++++++++++
Pete,

I see it as two things.

The first is what you mentioned, instability in Iraq.

The second is that Janet Yellen did not satisfy investors when she talked about inflation and answered journalists' questions in the Q&A session. For example, Steve Liesman, a CNBC economics journalist/TV reporter, asked the first question of the Q&A session. He asked about inflation and said that the inflation data were stronger than anticipated, and may exceed the Fed's inflation targets.

Janet Yellen just said that there was a lot of "noise" in the inflation data. She is not all that concerned about it, and thinks the data did not clearly show that inflation may be a problem. This answer did not satisfy a lot of people, including Steve Liesman.

In short, there are people out there who are concerned about inflation, and are not satisfied that the Fed is on top of that issue. Many felt that Yellen was too dovish on inflation.
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