Are Central Bankers Ready to Remove the Punch Bowl?
In this report I dissect some central bankers' recent comments and I also look at the market action on Tuesday, June 27th, 2017. I cover currencies, stocks, precious metals and crypto currencies.
In this report I dissect some central bankers' recent comments and I also look at the market action on Tuesday, June 27th, 2017. I cover currencies, stocks, precious metals and crypto currencies.
"Are Central Bankers Ready to Remove the Punch Bowl?"
Hopefully those of us who work our whole lives for their fiat money get to spit in the punch bowl before they take it back! Thieving criminals!
I saw your youtube 6 months ago and i joined steemit on june
it is very good site
now many koreans signed up and enjoy posting and commenting.
also very glad to see here in steemit
@newgaia Thank you. Nice to know!
everyday when i open youtube, your video is on
glad to see you .
I think you are spot on maneco, Boom and Bust.
Thanks for your great post !
If it crashes they will blame the Russians or Climate change lol
Upvoted and resteemed :)
@openheart Thanks for the upvote and resteem.
Seen the action in the dollar index and gold today? So when the US dollar rallies, gold goes down. Yet when the dollar gets hammered, gold struggles to scrap together a $2 move up. The central banks really have done a fabulous job of killing the gold bulls spirits
@pjw I noticed gold did not go up as much as the dollar index went down but. in the short term, sometimes that happens. The dollar weakness was pronounced against euro and pound but the dollar actually went up against the Japanese yen so I think that is why gold didn't go up as much.
thank you very much for your report, maneco64 and welcome to the #steemsilvergold community!
Thanks @pawos
It's basically a guessing game when the Central Bankers will be pulling the plug. Could be next week, maybe next year, or it could be 5 years from now. All we can do is be prepared in advance.
Upvoted like always. One question about crypto. Is it possible to be in bear market already and price continue to correct next few years?
@vaniok86 That is a possibility. The thing to watch now is whether bitcoin and others are able to make new highs again within next few months.
My problem with these Central Bankers is that they are now playing both sides of the market, yet they shouldn't be in the market as they have now become the market owners. they bend the rules to suit them, for instance, over the weekend the ECB close two Italian banks, the small boys get hit, yet the 'superior bond holders' are protected; so who are these large bond holders...... my guess, is the ECB. They will not let the biggest banks fail as they are now the large bond holders. It doesn't matter that the retail investor loses, because these bankers make sure they win.
Yes, getting a hint of when the banksters intend to pull the plug - a major correction(s) (over the next decade)...
Keeping a close watch on their activities and not their words.