Gold | Page 2110 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Attachments: Gold
Exit Attachments

Gold

  • #42,181
  • Sep 11, 2024 1:51pm Sep 11, 2024 1:51pm
I still cannot wrap my head around at how fake these CPI numbers were today... 2.5% my ass! Inflation just got scared from the Fed that will start cutting rates and again print trillions into the economy?

That'll work great, wouldn't it? Weaker currency, another pile of trillions printed into the economy and non-existant manufacturing that's been in contraction for the last 300 years (you know what I mean). Yeah... hyper-inflationary depression seems fitting!
  • #42,182
  • Edited 6:29pm Sep 11, 2024 2:03pm | Edited 6:29pm
Quoting Silver-King
I still cannot wrap my head around at how fake these CPI numbers were today... 2.5% my ass! Inflation just got scared from the Fed that will start cutting rates and again print trillions into the economy? That'll work great, wouldn't it? Weaker currency, another pile of trillions printed into the economy and non-existant manufacturing that's been in contraction for the last 300 years (you know what I mean). Yeah... hyper-inflationary depression seems fitting!
This is called the new normal. 2.5% y/y is compared with 2023, not the height or before the pandemic. So I can feel the same ways you're feeling. Life is getting harder, and when Kamala win the elections, we can say hello to a new worst-case
  • #42,183
  • Sep 11, 2024 2:22pm Sep 11, 2024 2:22pm
So know what next? bulls trapped bears trapped messed up day
average dude treading water
  • #42,184
  • Sep 11, 2024 2:34pm Sep 11, 2024 2:34pm
Hello Folks, I'm the OP of this group. It should be well known by grown up people everywhere that personal offends, mocking, disturbing others, bad words..etc are forbidden on any normal group.
I can't monitor this group all the time, and all here should be adults enough in their minds first before their bodies to understand the above by heart without my interference.
Anyone who does any of the above will be sent out of this group, and I ask any person affected to PM me about any such acts with the link to the red flag comments...

Respect each other first, share your experiences with others and enjoy trading
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #42,185
  • Sep 11, 2024 2:57pm Sep 11, 2024 2:57pm
The word on the street is that the Fed will cut by 50bps next week. I'm convinced, especially after recent jobs number revision and CPI report that came out today.
If the Fed cuts by 50bps, then the Gold will obviously spike up. Then, it'll get interesting because the markets might go into panic mode and the stocks along with the Gold could start heading down fast. Obviously, Powell will be there to calm the situation down and tell the markets that everything's actually fine after which point everything along with the Gold should start heading up again. This would a classic Fed meeting... what I mean is, up-down-up or down-up-down price-wise.

In that case (50bps rate cut) I see the Gold going for 3000$ which it probably won't reach before the big retracement kicks in in my opinion, but it could get close.

If the Fed cuts by 25bps, then this scenario is going out of the window.

What do you folks think? Will the Fed cut by 25bps or 50bps in your opinion and why?
Attached Image (click to enlarge)
Click to Enlarge Name: Fed.png Size: 6 KB
  • #42,186
  • Sep 11, 2024 3:02pm Sep 11, 2024 3:02pm
Quoting PushnPull
{quote} This is call the new normal. 2.5% y/y is compared with 2023, not the height or before the pandemic. So I can feel the same ways you're feeling. Life is getting harder, and when Kamala win the elections, we can say hello to a new worst-case
And we haven't seen anything yet... stocks are still at all time highs and noone's phased at all, until they drop 50% and people lose everything.
  • #42,187
  • Sep 11, 2024 3:12pm Sep 11, 2024 3:12pm
Quoting MIKKI
So know what next? bulls trapped bears trapped messed up day
Price might end up ranging until the Fed from this high to 2485$ or it might clear 2485$ and 2470$ before heading above 2530$. As days go by, it's less and less probable that we will break anywhere before the Fed or the day after the Fed.
  • #42,188
  • Sep 11, 2024 3:36pm Sep 11, 2024 3:36pm
Quoting ChiForex
Hello Folks, I'm the OP of this group. It should be well known by grown up people everywhere that personal offends, mocking, disturbing others, bad words..etc are forbidden on any normal group. I can't monitor this group all the time, and all here should be adults enough in their minds first before their bodies to understand the above by heart without my interference. Anyone who does any of the above will be sent out of this group, and I ask any person affected to PM me about any such acts with the link to the red flag comments... Respect each other...

read bflyfx and pedro319 comments ...i think they're 6 years old the way they start fights
short trump and go long the deepstate
  • #42,189
  • Sep 11, 2024 3:41pm Sep 11, 2024 3:41pm
Gonna put on some fat sells!
  • #42,190
  • Edited 3:58pm Sep 11, 2024 3:43pm | Edited 3:58pm
people can start an argument like a child but if one responded in the same way or worst doesn't that mean you're even more immature? lol. also, what a crybaby
2 Corinthians 12:9
  • #42,191
  • Sep 11, 2024 3:55pm Sep 11, 2024 3:55pm
Fed's Bostic caught for insider trading. Goodbye!
Stocks to continue going up (Fed to cut rates agressively).
PMs to be under pressure as the money is moved to the stock market.
Bank of America = Lehman Brothers?
2025. the year of the collapse (no collapse before US selections)?
  • #42,192
  • Sep 11, 2024 4:09pm Sep 11, 2024 4:09pm
Quoting Silver-King
Fed's Bostic caught for insider trading. Goodbye! Stocks to continue going up (Fed to cut rates agressively). PMs to be under pressure as the money is moved to the stock market. Bank of America = Lehman Brothers? 2025. the year of the collapse (no collapse before US selections)?
I do not follow Gold or Silver as well as you do and sincerely appreciate the advice and insight that you give as it is not always correct, but it is always your perception and seems to be from the head most often and not from the heart.
Would you consider or maybe you do already, sharing these insights of yours with a little detail regarding your thought process for a small monthly fee?
If I may suggest that you charge $5 per month per subscriber for what you are already sharing freely, I would be sure to join that email list.
Thanks for your sharing and insights, sincerely appreciated and allow me the time to continue my normal trading without sacrificing family, forex and fishing time by having to do in depth Gold analysis that you already provide.
  • #42,193
  • Sep 11, 2024 4:17pm Sep 11, 2024 4:17pm
Quoting MIKKI
So know what next? bulls trapped bears trapped messed up day
I have a simple view, the rising trendline from Monday has been broken due to CPI and got retest after NYSE opened. So for a short-term, we might see the bottom of this ranging once again
  • #42,194
  • Sep 11, 2024 4:27pm Sep 11, 2024 4:27pm
Quoting MIKKI
So know what next? bulls trapped bears trapped messed up day
false breakout and going up or down relentlessly no other chance, one side has to cry
BUZZ
  • #42,195
  • Sep 11, 2024 5:26pm Sep 11, 2024 5:26pm
Last ECB rate cut we went from 2313 to 2340

what to expect tomorrow
  • #42,196
  • Sep 11, 2024 6:26pm Sep 11, 2024 6:26pm
Quoting Schweet
According to LinkedIn, .
According to Donald Trump immigrants are eating cats
Its all just one persons opinion
  • #42,197
  • Sep 11, 2024 6:32pm Sep 11, 2024 6:32pm
Quoting axecap
{quote} According to Donald Trump immigrants are eating cats
And dog too. He could have done better but the way he underestimate Kamala (and her whole new campaigns team) will be his undoing.
  • #42,198
  • Sep 11, 2024 6:37pm Sep 11, 2024 6:37pm
Quoting PushnPull
{quote} And dog too. He could have done better but the way he underestimate Kamala (and her whole new campaigns team) will be his undoing.
yep....mostly its him doing his undoing
Its all just one persons opinion
  • #42,199
  • Sep 11, 2024 10:36pm Sep 11, 2024 10:36pm
Quoting PushnPull
{quote} And dog too. He could have done better but the way he underestimate Kamala (and her whole new campaigns team) will be his undoing.
Attached Image (click to enlarge)
Click to Enlarge Name: 303985F5-34FE-420E-8CDB-33FCBAF9C360.jpeg Size: 297 KB

I hope Kamala wins so that the world can see what a shit-show the US is, losing the dollar as the world currency would be awesome in the next 10 years, if the BRICS goes through. Then we might see some more wars and the US will be lead by a crazy bitch with no grounding whatsoever. Democrats are the stupidest people to have as leaders, they wanna turn everything gay and turn my son into my daughter . While the rest of the world thinks about progress and how to improve societies, the US has some weird agendas and I hope this continues under Kamala so that we boot them as the World power in the next decade or two.
  • #42,200
  • Sep 11, 2024 10:37pm Sep 11, 2024 10:37pm
Quoting 69Doggy
{quote} {image} I hope Kamala wins so that the world can see what a shit-show the US is, losing the dollar as the world currency would be awesome in the next 10 years, if the BRICS goes through. Then we might see some more wars and the US will be lead by a crazy bitch with no grounding whatsoever. Democrats are the stupidest people to have as leaders, they wanna turn everything gay and turn my son into my daughter . While the rest of the world thinks about progress and how to improve societies, the US has some weird agendas and I hope...
Zebi’s pic
60 traders viewing now, 2 are registered:
,
Wassimtrade