Posted by: jhamon | September 16, 2009

MysteryHedgie Doubts The Rate Rumors

MysteryHedgie doubts the rate rumors:

In the first sign that people inside Government are concerned about the signalling consequences of $1000+ gold and the steadily weakening US$, a rumor is circulating around trading desks in NY this morning that at least two Fed members want to raise rates, “soon”, and that the pace of QE is to be slowed. The rumor of higher rates is certainly not credible, however in light of disastrous current account and TICS data this morning, the idea that the activist Obama Administration may take another page from FDR’s 1930’s playbook and get involved in gold and currency markets seems reasonable.

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Responses

  1. A little off topic. I’ve been doing some work on SPG and I get 74.5 or 77 as the trend reversal price. That puts SRS in the 8’s. I’m favoring SRS 8.13, as it’s trend reversal price.


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