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Energy & Precious Metals - Weekly Review and Calendar Ahead

CommoditiesAug 15, 2021 07:33AM ET

Tyrone commented on this article:

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Tyrone Jackson
Tyrone Jackson Aug 15, 2021 10:21AM ET
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Fed is going to raise rates with Delta covid running rampant in the US? Not a chance. Raising rates will kill the job market, crush the real estate market, and slow auto sales. All the markets that they need to get healthy. They will talk about talking about thinking about raising rates but will never raise it even .10% Of course the markets will flash crash - rocket higher and confuse everyone. That’s the ppt trying to control everything.One thing is for certain, inflation is everywhere, thanks to Biden. And inflation hurts the poor the most. The very same inner city poor that voted for him. Lol Does not matter if you make 150k or 25k The prices are the same for everyone at the grocery store and gas pump. Good luck trying to get a immigrant father of 5 in Santa Fe springs to buy a electric automobile. Even tacos at the taco truck will cost him 60 bucks to feed 5 kids and his wife.
Barani Krishnan
Barani Krishnan Aug 15, 2021 10:21AM ET
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A Fed rate hike is almost certainly out of the question for now but that will not stop FOMC officials from talking. They will talk and talk and talk, and in that process, add to the senselessness of the markets. The amount of Fed jawboning that goes on each week is unbelievable. I think the districts get paid when the Fed chiefs do their speaking rounds; that's probably what's fueling it. The net effect is more confusion for markets day in and out with the non-stop bombardment of both hawkish and dovish talk. Imagine watching an entire day of CNBC with everyone appearing talking his book. That's what listening to these Fed speakers does. You'd come away no wiser.
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wipe your mo*uth before talking about the best president in the world. you can't accept the f@ilure of Trump's defeat and want to blame Biden on everything. Trump is responsible for the bad administration of the USA.
Tyrone Jackson
Tyrone Jackson Aug 15, 2021 10:21AM ET
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Yes Barani, you are very right. I believe it is their intention to talk and talk . It was never like this before. That’s why I am very conservative when it comes to these markets. One fed member saying something outside of his office can crush or skyrocket the dx, PM’s yields and the S & P. The new normal. I believe the Fed along with the Ppt, and all of their proxy banks and brokerages, use their power to run stops. That is my opinion
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