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#1 2017-03-15 15:10:58

Roswell Crash Survivor
Silver Stacker
From: Zeta Reticuli
Registered: 2011-04-11
Posts: 1,952
Trades :   32 

The Fed raises USD rates

Reuters wrote:

The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months...the decision to lift the target overnight interest rate by 25 basis points to a range of 0.75 percent to 1.00 percent marked one of the Fed's most convincing steps yet in the effort to return monetary policy to a more normal footing.

Weirdly, both XAUUSD and AUDUSD perked up on this news.

Last edited by Roswell Crash Survivor (2017-03-15 15:11:22)


The Roswell Crash Survivor

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#2 2017-03-15 15:55:35

barneyrubble
Silver Stacker
From: Brisbane
Registered: 2017-01-30
Posts: 106
Trades :   10 

Re: The Fed raises USD rates

Roswell Crash Survivor wrote:

Weirdly, both XAUUSD and AUDUSD perked up on this news.

It appears that silver (and gold) spiked on the rate hike announcement too.

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#3 2017-03-15 16:13:49

Altima
Silver Stacker
From: Canada/Singapore
Registered: 2013-02-07
Posts: 4,114
Trades :   64 

Re: The Fed raises USD rates

Maybe they were expecting the rate hike to be much higher?


"Two things define you. Your patience when you have nothing, and your attitude when you have everything."
WTS: 2oz .999 Fine Silver Destiny Series Coins (First in Series)

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#4 2017-03-15 16:54:19

bordsilver
Silver Stacker
From: The rocks
Registered: 2012-05-23
Posts: 9,596
Trades :   36 

Re: The Fed raises USD rates

US bond market crash in progress?


The only good tax is a repealed tax.

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#5 2017-03-15 17:05:03

Gullintanni
Member
From: New Zealand
Registered: 2016-06-15
Posts: 360
Trades :   

Re: The Fed raises USD rates

This spike in metals i suspect is going to be followed by an almighty DROP>
This may be the bounce before we fall through the floor.
Pm's should have gone the other way on this hike so i am feeling better about my cashing out earlier in the year.
Might even see my $14 by the end of the month.
Or altima is right and the hike was not as big as expected.

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#6 2017-03-15 18:59:54

willrocks
Silver Stacker
From: Yesterday
Registered: 2012-05-10
Posts: 7,629
Trades :   29 

Re: The Fed raises USD rates

It's the beginning of the end ... for the USD


"You can ignore reality, but you cannot ignore the consequences of ignoring reality." - Ayn Rand

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#7 2017-03-15 19:50:03

BuggedOut
Member
From: New South Wales
Registered: 2015-07-21
Posts: 1,777
Trades :   37 

Re: The Fed raises USD rates

A case of buy the rumor and sell the fact.  No surprises in the Fed action (and commentary) so the money parked on the sidelines is moving back in with a bit more confidence.

Gold bouncing of a good support level and I'm quietly confident it can edge higher from here over coming weeks.

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#8 2017-03-16 00:08:39

SilverDJ
Member
From: Australia
Registered: 2014-11-01
Posts: 2,528

Re: The Fed raises USD rates

Gullintanni wrote:

This spike in metals i suspect is going to be followed by an almighty DROP>
This may be the bounce before we fall through the floor.
Pm's should have gone the other way on this hike so i am feeling better about my cashing out earlier in the year.
Might even see my $14 by the end of the month.

I cashed out my silver a little while back too.
Partly through need, but I also think (hope) it's going to drop further.
Of course it won't now, you watch...

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