Mega buys Gold.............then it dies!

[Mega]

Every F*cking time!
I buy an Oz or two then it gets KILLED!
BASTARDS!!!!!!!!!!!!!!!!!!!!
I blame EJ..............

Mike

[Slimprofits]

Re: Mega buys Gold.............then it dies!

I very much enjoy that Yellen feels the need to explain to Mr. and Ms. Market player that the Fed reducing the amount of $$$ spent per month buying bonds by $10 billion is in fact NOT THE SAME THING, as selling assets. And the reaction to this is something like, "holy shit she's right, let's buy stocks!!!"

[BadJuju]

Re: Mega buys Gold.............then it dies!

Now we just need shiny to buy some and it will drop to $1!

[Forrest]

Re: Mega buys Gold.............then it dies!

I very much enjoy that Yellen feels the need to explain to Mr. and Ms. Market player that the Fed reducing the amount of $$$ spent per month buying bonds by $10 billion is in fact NOT THE SAME THING, as selling assets. And the reaction to this is something like, "holy shit she's right, let's buy stocks!!!"

Was there somewhere better to put the money?

[Slimprofits]

Re: Mega buys Gold.............then it dies!

Was there somewhere better to put the money?

I have no idea. My post is mocking the 'market commentary' that appears in the media. i.e.:

Stocks climb after Yellen's assurances Philly.com - 7 hours ago US stock futures extend gains ahead of Yellen MarketWatch - 23 hours ago

[Fox]

Re: Mega buys Gold.............then it dies!

Personally I love how the FED steps in and backpedals on a statement when the market reacts badly to it.

Didn't the FED say that it was not its policy to support the stock market?

huh, who would have thunked it.

[Slimprofits]

Re: Mega buys Gold.............then it dies!

Hasn't Ironing Board Ben said several times that they're trying to goose asset prices? edit: And I'm curious, if you call clarifying that a reduction in purchases is not actually the same thing as selling assets, backpedaling, what are you going to call it if Yellen announces QE5 (or whatever we're up to now)?