[arizona49] ARMYVET hey there.... what's cookin..... how did Gold/Silver and Dow come out this afternoon? Have not been on yet, just got home
[jonjobe7] last i heard dow was down over 350 points
[ARMYVET] hey Arizona3 was researching your question
[ARMYVET] you ready
[ARMYVET] Gold and silver futures closed at their lowest levels in more than 2 ½ years Thursday, a day after Federal Reserve Chairman Ben Bernanke said the central bank could move as early as this year to slow the flow of monetary stimulus to the economy
[jonjobe7] Bernanke is being blamed
[ARMYVET] Gold for August delivery GCQ3 -6.85% dropped $87.80, or more than 6%, to end Nymex floor trade at $1,286.20 an ounce -- the lowest closing level since September 2010, according to FactSet data.
[arizona49] ARMYVET thank you jonjobe7 thank you, too
[ARMYVET] It was similar story for silver futures, with the July contract SIN3 -9.50% falling $1.80 to finish at $19.82 an ounce
jonjobe7] stock analysts are standing on the edge of window sills
Read More Link on Right
ARMYVET] Gold is seen as particularly vulnerable to a withdrawal of Fed liquidity, having built much of its previous rally on ideas aggressive monetary easing threatened to debase the dollar and other currencies and stoke inflationary pressures.
With bond yields rising rapidly, analysts said gold and other commodities which offer no yield are poised to suffer since they offer no yield.
After slightly trimming initial losses, gold slipped back below $1,300 an ounce after data showed existing U.S. home sales rose 4.2% to an annual rate of 5.18 million in May, topping expectations for a pace of around 5 million and the Philadelphia Fed’s manufacturing index came in stronger than expected.
[holistichealth] ARMYVET who put this info out? tyvm
[BluSkunk] ARMYVET I wonder if the Fed did this in anticipation of a different infusion of money into the economy!
[ARMYVET] im using the wall street journal
[ARMYVET] After dropping as much as 380 points intraday, the Dow Jones Industrial Average DJIA -2.34% ended down 353.87 points, or 2.3%, to 14,758.32, with all of its 30 components in negative territory. It was the Dow’s largest one-day percentage decline since Nov. 7, 2012, the day after the U.S. presidential election. And it was the index’s biggest one-day point decline since Nov. 9, 2011.
[holistichealth] isnt this what was expected prior to it all?
[arizona49] jonjobe7 / ARMYVET wow, amazing....... we heard it would drop prior to RV, let's hope this is it
[ARMYVET] this is the cause reported by the newyork times and wall street journal
[ARMYVET] Bernanke, speaking in a news conference after the Fed meeting, tried to decouple a tapering of its asset purchases from any hike in short-term interest rates. “The current level of the federal funds rate target is likely to remain appropriate for a considerable period after asset purchases are concluded,” Bernanke said.
The Fed has said it would keep rates close to zero so long as the jobless rate, now at 7.6%, was above its 6.5% threshold. And the Fed chairman stressed the bank won't start to hike rates even once its economic targets are met. He said the bank has to be convinced the economic recovery is on a solid upward path before it starts to pull back.
[ARMYVET] us due to the withdrawl of the US stimulas its causing the ripple
[holistichealth] watch maxkeiser - its all rigged
[jadenter] ARMYVET what recovery was Bernanke refrring to.... the fiction of their employment numbers under 25%
[arizona49] Let's angel1..... could this be the "downturn" we have been waiting for..... angel1
[ARMYVET] this was the other statement by the street, explains it a little better
[ARMYVET] The largest drop in equity prices since November 2011 comes as Fed Chairman Benjamin Bernanke intimated Wednesday that the central bank is studying plans to begin curbing the stimulus measures known as "quantitative easing" that have helped stabilize the economy following the recession of 2009.
"All of these asset classes that have benefited so much from QE are having to be repriced downward to reflect the accelerated timeline for tapering,'' said Alec Young, global equity strategist at S&P Capital IQ in a New York interview.
"If the rise in interest rates that we are seeing right now slows the economy too much, the irony may be that the very tapering that investors are pricing in doesn't happen because investors have driven up bond yields so high that it chokes off the recovery."
[ARMYVET] IDK soooo POOF goes the smoke
[jadenter] ARMYVET Yes the Fed is buying toxic derivitives from the banks called MBS or another orwellian moniker called "assets"
[arizona49] ARMYVET A couple of months ago I listened to Christine LaGarde saying the QE that Bernanke was doing, was just a "bandaid fix" and the U.S. "must" get their fiscal house in order......
[arizona49] ARMYVET IDK either, but hoping this may be the turning point..... again IDK
[holistichealth] something to really wrap your head around...The United States Corporation was Quit Claimed to the International Monetary Fund (IMF) in 1944 and became a foreign controlled private corporation. By 1971 each of the States of the United States had formed State Corporations.
[maranatha] hmmm---does LaGarde know there ia as imminent RV?
[arizona49] ARMYVET she wasn't a happy camper, either
[arizona49] maranatha lol
[jonjobe7] the FED hasnt changrd any policies, yet. Bernanke was just talking about it lol
[jadenter] The people on Wall Street and the Washington DC beltway breathe rarified air that has no basis in reality.... they still refer to terroroism and 9/11 as a terroist act.... and they have kept another one from happening by spending money on spying on Americans.... forgetting the myth that they did 9/11 themselves
[holistichealth] arizona49 she was using a play on words for usa,inc = imf
[ARMYVET] i got two symbols for them... r1 v1
[arizona49] holistichealth IDK
[arizona49] Armyvet me too r1 v1
[holistichealth] praying that the good guys are wrapping things up & we will all be free any day now...
[beach] arizona49 if this RV's today I sure will be a happy camper. r1 v1
[azdust] ArmyVet - Many thanks for posting the gold/silver/fed related news - Very Much Appreciated!!!
[arizona49] ARMYVET Thank you so much for posting, really is appreciated
[ARMYVET] hummm found some more really good info
[lakeisland] Armyvet Bring it.. [ARMYVET] I know IMO, but ill let you guess what countries they are refering too....
[ARMYVET] Investors are the most bearish ever on the largest exchange traded fund for emerging-market bonds as concern the Federal Reserve will reduce stimulus prompts investors to dump debt from developing nations.
[lakeisland] ARMYVET That's interesting
[ARMYVET] Investors are retreating from emerging markets as speculation on whether the Fed will scale back quantitative easing pushes up Treasury yields, making developing country debt less attractive. JPMorgan’s EMBI Global index for dollar-denominated bonds fell 5.4 percent over the past month, the most since 2008, as anti-government protests in Turkey, mining strikes in South Africa and slower growth in China hurt investor confidence. “We are in the initial phase of unwinding the QE liquidity,” Siobhan Morden, the head of fixed-income strategy at Jefferies Group LLC, said in a phone interview from New York. “Assets have been mispriced for too long. It raises the risk for another leg down.”
[BOBRT] ARMYVET sounds good to me
[arizona49] ARMYVET more great info, thank you
[ARMYVET] BlackRock Inc., the world’s biggest money manager, said Thursday it reduced emerging market investment, citing concern a reduction in Fed bond purchases may curb support for the assets. “We had very little exposure to local EM bonds but have trimmed our external EM positions recently to reduce the levels of risk from this sector,” Scott Thiel, the deputy chief investment officer for fundamental fixed-income in London, said in an e-mailed statement. Investors pulled $1.5 billion out from emerging market bond funds in the week ending June 5, according to a Morgan Stanley report Thursday, citing data compiled by EPFR Global. It was a second weekly outflow and the largest since September 2011, according to Morgan Stanley.
[ARMYVET] last picked part
[ARMYVET] sooo what emerging markets do you think they might be referring to....... IMO..... ISX
[BOBRT] ARMYVET thats what im thinking
[ARMYVET] Sooo Fact math time... Stated indicators to look for by Major Gurus, Global stocks falling (Check), Gold gonna have issues(Check), Goverment Monitary Issues, announcements, findings, whatever(Check) and Finally Massive Currency movements in the last 72 hours (Check) = r1 v1 IMHO
[waynoiam2] Let's see army
[ARMYVET] sooo now the 1 Million dollar question.... Do i make kiddos chicken nuggets or Mac-n-cheese. they are asking
[BOBRT] ARMYVET both lol lol
[arizona49] ARMYVET both, give them a big treat..... or better yet, have them make it for you, Thank You for the information
[BOBRT] Armyvet thank you
[ARMYVET] There isnt anything holding up the process. The best way i can think of explaining it is think of it as a water level. over the planning of this process, the key players have done all their research, calculated all the numbers and are currently applying all the data.
Globally, everything must stay as an balance. If all the Currencies and Resources were to be a big piece of pie, and im gonna serve a currency a larger piece, that piece has to balance globally.
So in the ongoing process, those international adjustments are being made to create the activation of the global reset under the new systems. IMO