Gold Spikes As Dollar, Bond Yields Tumble Despite Hawkish-Hiking Fed

Stocks shrugged but bonds and the dollar did not... as gold spiked

The dollar is reversing recent gains quickly...

 

The long-end is legging lower in yield...

 

So bond yields lower, dollar lower, and gold higher... not exactly what The Fed would likely have wanted!

Comments

38BWD22 Raffie Wed, 12/13/2017 - 14:39 Permalink

  Bearing & Gold Guy is happy to see Au move, but a $10 move up is not exactly a spike IMO.At least my Au purchase (with BTC) was when Au was at $1249 (+ premium for AGEs).The BTC spike over the past several days has spooked me enough to buy some gold. I try to keep my BTC hodlings at 1%, that has meant various gold purchases over the past month or so.

In reply to by Raffie

GotGalt Raffie Wed, 12/13/2017 - 16:00 Permalink

'If LTC hits 1k I could retire.... 'The problem with that line of thinking is unless you cash out and lock in gains, you need LTC to hit 1k and stay above 1k to stay retired.  Since LTC doesn't pay out cash flow to live on, you are at the mercy of living off the principal.

In reply to by Raffie

Blue Dog Wed, 12/13/2017 - 14:56 Permalink

Gold is up less than 1%. Silver is up 2%. That's more significant. The metals prices are being deliberately suppressed by the Fed and the big banks to prop up the dollar. Eventually when they can't suppress the price anymore we'll see gold and silver go up like Bitcoin and Ethereum. 

Ricky Lahey Blue Dog Thu, 12/14/2017 - 14:49 Permalink

“Eventually when they can't suppress the price anymore we'll see gold and silver go up like Bitcoin and Ethereum.“

I’m all in on Ag, but what’s to say they NEVER stop he PM suppression / manipulation? It’s like we’re living in the twilight zone.....real money is monkey hammered and FIAT digital “coins” are cherished. WTF is wrong with people?!?

In reply to by Blue Dog