/biz/ - Business & Finance

Who is Janet?

Gold and Silver have been at rock bottom for years now - It can't get any worse

>>1795092
the only thing that could wreck gold further is much more qe and further interest cuts.

bloody unlikely at this point.

10am tomorrow. Everyone is going to be listening whether a rate hike is coming in March or not. It's expected in June as of now.

The expected outcomes, but gold has been moving independent of dollars and rates recently, so I wouldn't put too much weight in these:

March hike - gold tanks
no March hike - gold moons

>>1796767
The latter is already priced in, so gold faces a much higher downside risk than a slight bump is rates hold.

>>1796832
it looks like they gonna increase rates gradually now.

>depending on an old fat woman's decision instead of holding bitcoin
Great job at getting cucked guys.

>>1798401
can't you fags just stay in the hundred billion crypto threads? must you shit up every other thread too?

>>1798445
>cope

>>1795100
When banks trade it for around $500 an ounce there's potential downside from anywhere above $1,100.
>>1796767
>March hike - gold tanks
>no March hike - gold moons
That was easy.

>>1799551
shouldn't it be the opposite tho?
if they increase interest rates the debt bubble gets closer to pop. that should increase anxiety all across the financial securities and increase the price of gold. or am i missing something?

>>1799779
It depends whether you are looking at it as a safe haven or an asset class. Ignoring any safe haven aspect, as interest rates go higher, bonds become more attractive than gold as a place to park your money since gold pays no interest to hold it.

It's also used as an inflation hedge which is probably the reason it didn't tank after the cpi data today made a March hike much more likely.

>>1795092
2 hikes coming up this year, gold won't die due to a 0.5% federal funds rate increase but the Euro might because that's a near 50% relative increase.

Haha, economics.

>>1799779
>if they increase interest rates the debt bubble gets closer to pop.
It doesn't work that way when rates are at emergency levels, American banks aren't in horrible shape anymore considering the bailout. There's no likely liquidity crisis that will directly result from hiking rates towards 5%. The US exports inflation, when the federal benchmark is higher than the Euro, BOE and BOJ inflation all around is minimised. The debt bubble doesn't pop until Europe goes bust.

>>1802274
>The US exports inflation
>The debt bubble doesn't pop until Europe goes bust.