Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page >> News >> Story  Disclaimer 
Latest Headlines

Gold Seeker Closing Report: Gold Gains While Stocks Struggle Higher
By: Chris Mullen, Gold Seeker Report

It’s Lose-Lose For The Fed And For Everyone
By: Dave Kranzler

From China, translated from the Chinese: 'GATA is not wrong'
By: Chris Powell

Michael Pento: Finally, Corporate Stock Buybacks Blow Up
By: John Rubino

The New Safe Haven: Gold Stocks!
By: Stewart Thomson

Stock Market Hangs on Edge of Very Big Cliff
By: David Haggith

Will gold and silver miners join the lawsuits against JPMorganChase?
By: Chris Powell

The Surprising Major Demand Factor That Drives The Gold Price
By: Steve St. Angelo

Why Do Investors Tolerate It
By: Keith Weiner

Watch This Chart to Get the Jump on the Fed’s Big Announcement
By: Rick Ackerman


GoldSeek Web

Ira Epstein's Gold Report

 -- Published: Thursday, 17 March 2016 | Print  | Disqus 

What a day yesterday was in terms of Federal Reserve Policy.

At yesterday’s press conference Fed Chair Yellen reversed course nearly 180 degrees. When the Fed raised interest rates in December 2015 the Fed Plot showed the Fed thinking 4 interest rates were likely in 2016. Ms. Yellen lowered that number to 2 in the question and answer period in yesterday’s press conference.

She made it clear that the Fed is very aware of the fragility in our economy, that of our trade partners and our trade partners, partners. The world is intertwined and as such, Ms. Yellen is showing that the Fed does take into account what goes on in the world. This too is somehting of a change in terms of her admitance of such.

Obviously some like me continue to question why the Fed moved in December to raise interest rates. Whether you think they they did the right thing or not, their doing so leaves the Fed with a bullet in their gun’s chamber should the situation warrant lower interest rates down the road.

The big change is that the Fed is now willing to take action to provide a climate for inflation to grab hold and overshoot.  This is what you call a “Risk On” environment, as being seen the rally in stocks, commodities and drop in interest rates.

Ms. Yellen’s statements yesterday have to be giving European Central Bank (ECB) President Mario Draghi indigestion, as the Eurocurrency is soaring back to levels not seen in months. This will complicate problems not only for him but for the Japanese as the central banks in both these countries have gone to negative interest rates but seeing the Dollar fall against their currencies is not the impact they thought would be taking place.

Another key element that I think will help gold is the price of oil. It’s unlikely oil prices are going to crash from here down to the $20 or $15 level. Like when when gold was $1900 and people were calling for $2500, oil in the $26 range might have been its low. If so, an anchor do deflation around the “neck” of gold will be removed. Add to that the Fed’s actions to let inflation out on “holiday” should add to higher prices.

Seasonal Chart

Choose which of the formats you think gold is following.  If it’s neutral to bearish, lower prices historically speaking are in store. If the Fed’s sudden change of stance on interest rates and inflation is let to run as Ms. Yellen said, the bullish path in Green is the one that prices might follow. 

Daily Chart with Price Counts…published March 10 2016

The price on the Weekly Chart was at 1260.5 when I published the PriceCount Chart above. Today the Weekly Price is at 1265.2, up for the week about $6.40. If this move is going to extend, the next upside PriceCount could carry inot the $1415 level.

It will take a lot to change this PriceCount as it will requce a move back down and close under 1260 given the count formation.


I’m in the camp that’s learned to “never fight the Fed”.

If you are like me, you realize that yesterday was a “watershed” event, one whereby the Federal Reserve has altered its monetary policy. The Fed no longer sees the strong economy they saw in December. They’ve come around to the marketplace’s point of view and see a more fragile economy that needs time without tighter money restrictions.

The Fed, if taken by what was said yesterday, is going to do all it can to not restrict inflation from moving higher.  Keep in mind all the stimulus that was enacted to create inflation that has failed to do so.

As I see it, when breaks occur off this current run, purchases are warranted.

Where to buy will be issued in my twice Daily Written Market Recommendations.

With this change in the Fed’s policy, its time to move to the bullish side of gold until something important changes. A lower Dollar will act as a prop as will higher crude oil prices.

Rising interest rates and a strong Dollar will deter gold from moving higher.

For the time being, $1247 looks to be a pivot from which gold will decide on what to next do. 

To sign-up for a Free Subscription to a PriceCount



© 2016 Ira Epstein Division of Linn & Associates, LLC.

For more information 866-973-2077 Local: 312-264-2805 

DISCLAIMER: THIS IS A SOLICITATION. Reproduction or rebroadcast of any portion of this information is strictly prohibited without written permission. The information reflected herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. In an effort to combat misleading information Linn & Associates, LLC. has performed its due diligence to insure that all material information is provided within this report, though specific information related to your investment, hedging or speculative situation may not be included. Opinions expressed are subject to change without notice. This company and its officers, directors, employees and affiliates may take positions for their own accounts in contracts referred to herein. Trading futures involves risk of loss. Past performance is not indicative of future results.

Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades may have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.       


| Digg This Article
 -- Published: Thursday, 17 March 2016 | E-Mail  | Print  | Source:

comments powered by Disqus


Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to >> Story

E-mail Page  | Print  | Disclaimer 

© 1995 - 2019 Supports

©, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer


The views contained here may not represent the views of, Gold Seek LLC, its affiliates or advertisers., Gold Seek LLC makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, Gold Seek LLC, is strictly prohibited. In no event shall, Gold Seek LLC or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.