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Biden to Announce His Nominee for Head of the Fed

Biden to annouce his nominee

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#11 tradesurfer

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Posted 18 November 2021 - 01:31 PM

wouldnt removing Powell be more bullish for gold and silver ?   (rate raise cycle starting much later than anticipated)

 

 

Sure, the market bounced big today.  The market just figured out who will be the next Fed president.  BTW, I see both USD and GOLD may have topped ...................



#12 redfoliage2

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Posted 18 November 2021 - 02:20 PM

 

wouldnt removing Powell be more bullish for gold and silver ?   (rate raise cycle starting much later than anticipated)

 

 

Sure, the market bounced big today.  The market just figured out who will be the next Fed president.  BTW, I see both USD and GOLD may have topped ...................

 

My view was based on technical analysis.  But with a different Fed chair it's a question.  However, we still not sure who will be nominated .....................


Edited by redfoliage2, 18 November 2021 - 02:23 PM.


#13 fib_1618

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Posted 18 November 2021 - 02:52 PM

 

wouldn't removing Powell be more bullish for gold and silver ?   (rate raise cycle starting much later than anticipated)

 

Sure, the market bounced big today.  The market just figured out who will be the next Fed president.  BTW, I see both USD and GOLD may have topped ...................

 

 

Rising rates is Kryptonite to gold and silver prices as liquidity is being drained from the system which is deflationary.

 

As far as the nominee is concerned, it will be no different than what you have now...everyone on the board believes in Keynesian, so steady as that policy goes.

 

It's all about who will lead the U.S. into the new currency standard.

 

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#14 redfoliage2

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Posted 18 November 2021 - 07:43 PM

It looks that Powell was favored:

https://www.google.c...ter-meeting?amp

#15 redfoliage2

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Posted 18 November 2021 - 09:01 PM

https://thehill.com/...d-for-fed-chair



#16 redfoliage2

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Posted 18 November 2021 - 11:27 PM

My FF:  Powell now has 90% chance ..........



#17 fib_1618

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Posted 18 November 2021 - 11:43 PM

My FF:  Powell now has 90% chance ..........


More to the point…the nominee will be who Biden’s handlers tell him to do.

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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#18 redfoliage2

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Posted 22 November 2021 - 09:31 AM

My FF:  Powell now has 90% chance ..........

Here it is:

https://thehill.com/...d-as-vice-chair

 

the market is having a rally on this .......................


Edited by redfoliage2, 22 November 2021 - 09:37 AM.


#19 fib_1618

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Posted 22 November 2021 - 09:45 AM

 

My FF:  Powell now has 90% chance ..........

Here it is:

https://thehill.com/...d-as-vice-chair

 

the market is having a rally on this .......................

 


Surprising…seems the recent election results have forced the “regressives” to ease off from their current March to Collectivism.

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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#20 redfoliage2

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Posted 22 November 2021 - 09:54 AM

Expect tons of liquidity from fiscal pumps and higher asset prices.  Biden is to speak tomorrow:

 

https://www.bloomber...ecision-looming


Edited by redfoliage2, 22 November 2021 - 10:02 AM.