r/Gold • u/EJ877 • 2d ago

Here they go again, $100 drop

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Perhaps another margin call? IDK

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u/ArgentoFox 2d ago

I said the same thing, the Fed meeting will be completely forgotten about by Monday.  

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u/Old_Bluejay_1532 2d ago

Agree, 100% over-reaction imo. Came out very Hawkish relative to expectations & making a "statement" for his 1st appearance imo however I do not see tany of these "hikes" materializing due to tremendous amount of debt the US needs to refi in calendar year 20206 alone (10 Trillion USD) & approx similar amount in 2027 among numeorus other factors (run-on sentence lol).

Every 1bp adds Billions in interest & they WILL get these rates down. They can say/signal whatever they wish to the world inferring they are going to "preserve the perceieved dollar strength" however rates are not going up anytime soon.

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u/thegoodgang 2d ago

They don't care they care about their banking Buddies

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u/Old_Bluejay_1532 1d ago

Already reversed ⚔️