Commodity Trade Mantra

Posts Tagged ‘FOMC Statement’

Gold Futures Traders Breath Easy as Dovish Fed Powers the Next Major Rally

Gold futures surged after the Fed again chickened out on raising its benchmark interest rate. Gold futures speculators’ fear of Fed rate hikes has been a major drag on gold. Rate-hike risks just plummeted in the coming months, since the Fed can’t risk acting heading into the critical US presidential election. Gold’s next major upleg is likely just unleashed by the Fed.

Goldman Calls It: No Rate Hike Until Mid-2016

There you have it: no rate hike until mid-2016, which as we said previously, means no rate hike at all since the “apolitical” Fed will never hike just before a presidential election, and more importantly, by then the epic inventory liquidation-driven recession will have already started, making the only question that matters in the summer of 2016: NIRP or QE4.

Traders Are Buying Gold & Silver At Fastest Pace In Over A Decade

Large speculators increased their net long gold exposure to $14.8bn from $9.2bn & Silver net long position to $4.4bn from $2.4bn notional. It seems as if Yellen’s introduction of complications has led to at least contemplation about it, tipping the scales, ever so slightly, back toward financial suicide.

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