• Monetary Metals
    05/02/2016 - 01:28
    The price of gold shot up this week, and silver moved proportionally. Headlines are screaming for gold to hit $10,000 or $50,000. Does this alleged new bull market have legs?

Goldman's FOMC Expectations

Tyler Durden's picture


With 45 minutes left to go, only one thing matters: what does Goldman think (the other issue of whether Jan Hatzius shared a meal with Bill Dudley at the Pound and Pence will remain unknown until the next batch of Dudley daily "minutes" are released in a few months). So for all those scrambling for an edge in a centrally-planned world, here it is, via Goldman's Francesco Garzarelli : "Turning to today’s FOMC announcement and press conference, our US Economics team expect Chairman Bernanke to stick to the same message on ‘tapering’ of bond purchases used in previous pronouncements on the matter, but also emphasize that reducing the expansion of the balance sheet does not imply that the Fed is anywhere close to hiking rates. We think this is broadly what bondholders are also expecting to hear."

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Wed, 06/19/2013 - 13:23 | 3672026 SheepDog-One
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Wed, 06/19/2013 - 13:40 | 3672101 icanhasbailout
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today, they're Goldman Horoscopes

Wed, 06/19/2013 - 14:01 | 3672182 dksrox
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um, Whoroscopes, no?

Wed, 06/19/2013 - 13:40 | 3672103 gmrpeabody
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The ONLY tapering the Fed is ever likely to do would be to cut back on MBS and divert that money towards government deficits. Bearish for the $, bullish for PMs.

The rest is all talk...

Wed, 06/19/2013 - 13:23 | 3672027 ThunderingTurd
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Wed, 06/19/2013 - 13:28 | 3672046 RacerX
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Optimistically Bearlish.

Wed, 06/19/2013 - 13:24 | 3672031 slaughterer
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"expect Chairman Bernanke to stick to the same message on ‘tapering’ of bond purchases used in previous pronouncements on the matter"


Wed, 06/19/2013 - 13:26 | 3672036 Cursive
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Uh, me thinks that would mean a sell-off.  That, and interest rates will eventually do their thing, regardless of the Fed.

Wed, 06/19/2013 - 13:28 | 3672047 JJ McApe
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You can't print prosperity. It comes from hard work, discipline and savings. Bernanke and the Fed's policies have discouraged all three.

Wed, 06/19/2013 - 15:30 | 3672721 Kirk2NCC1701
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My name is Bond.  Sam Bond.

Licensed to kill.

Wed, 06/19/2013 - 13:35 | 3672053 SheepDog-One
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Business Insider reports Bernank has been fired since Monday? Who knows if that's true maybe today will be the day Bernank drops a huge steaming FOMC turd? 

Larry Meyer: Obama Fired Bernanke - Business Insider

Wed, 06/19/2013 - 13:30 | 3672062 orangegeek
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Fed doesn't "hike rates" - the market does.



Wed, 06/19/2013 - 13:34 | 3672076 natronic
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Well of course they are making predictions, they helped write it.

Wed, 06/19/2013 - 13:36 | 3672089 unwashedmass
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totally ready. picked out gold & silver buys ....at the ready...looking for the epic bash down......pray to god they go at silver......looking for 500 oz

Wed, 06/19/2013 - 13:39 | 3672100 slaughterer
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If there is a taper announcement, you will see silver at $19 in a week.

Wed, 06/19/2013 - 13:41 | 3672110 fonzannoon
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I am holding out for $15. Then I max out credit and go all in and go galt.

Wed, 06/19/2013 - 14:02 | 3672184 Non Passaran
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If we get to that it's gonna be baaad!

Wed, 06/19/2013 - 13:43 | 3672116 gjp
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And stocks up another 5% or 10%.  Because only precious metals respond to Fed lies about monetary restraint.  While paper markets keep getting goosed by the truth of printing presses on overdrive.

Wed, 06/19/2013 - 13:49 | 3672143 unwashedmass
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oh please....they don't respond to Fed comments, they respond to manipulated paper deluges....gimme a break. we all know the Comex is crooked. 

Wed, 06/19/2013 - 13:46 | 3672125 Frank N. Beans
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I'm on the list of people to whom the Fed provides an early look at their decision.  With 20 minutes until the announcement, I just got the word, and I'm going to let you all in on it:

Ben is going to say that what with the economy doing so well, with unemployment falling and low inflation, he is tapering the bond buying by exactly 1 dollar per month, starting in 2018.

I suggest everyone go short.

Wed, 06/19/2013 - 14:08 | 3672235 GMadScientist
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This market won't accept anything south of "to the moon!".

Wed, 06/19/2013 - 13:50 | 3672152 pragmatic hobo
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... you guys remember the old days when you buy the rumour and sell the news? ... good old days ...

Wed, 06/19/2013 - 13:59 | 3672177 GMadScientist
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"Dear Plebes, there's still plenty of room in the roach motel..."

Wed, 06/19/2013 - 15:27 | 3672707 Kirk2NCC1701
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So, for a while at least, Bonded We Stand?

Mon, 06/24/2013 - 06:43 | 3685930 thatmakes1
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